Lenvi Standby Servicing has been appointed to provide backup servicing solutions to solar subscription service, Sunsave.
The UK’s first solar subscription provider, Sunsave, are on a mission to make solar power affordable and accessible to all UK households. Via their Sunsave Plus offering, Sunsave offer an all-in-one solar and battery solution through fixed monthly payments with maintenance, monitoring, and insurance built in.
Sunsave’s latest £100m facility is backed by Credit Agricole, who have a track record of supporting sustainable investments following their deal with Enpal in early 2024.
This latest investment will enable Sunsave to further expand their offering within the sustainable energy market and help tens of thousands of British households install rooftop solar panels over the coming years.
Lenvi's appointment to this deal supports our growth in the sustainable finance market, a key area of focus for us, while also giving originators and investors added confidence in the security and durability of their investments.
Our latest deal with Credit Agricole marks an exciting milestone for our business. Having a standby servicer like Lenvi on board who have a shared enthusiasm for sustainable finance while providing market-leading backup servicing capabilities to a trade is fantastic. Their approach streamlines the number of parties involved in the deal and reduces the administrative headache for us, meaning we can focus on delivering our growth ambitions.
Ben Graves, Co-founder – Sunsave
Sustainable businesses like Sunsave are changing the game for green energy accessibility in the UK. We’re delighted to be able to support them on this transaction and in this next stage in their growth within the market. Sustainable lending is a key focus area for Lenvi Standby Servicing and the broader Lenvi ecosystem, working with both Sunsave and Credit Agricole in this deal is a great feather in our cap.
Owain Chambers, Director of Capital Markets Sales - Lenvi
Find out more about Lenvi Standby Servicing.