As the UK accelerates its efforts to reduce carbon emissions and tackle climate change, more households are making the shift towards renewable energy sources.

Hometree, the fast-growing residential energy services company, has raised a £50 million mezzanine facility backed by CPPIB Credit Investments Inc., a wholly-owned subsidiary of Canada Pension Plan Investment Board (CPP Investments).

Last Friday was an incredibly exciting day at Hometree as we announced that we have raised a £250m asset-backed debt facility from Barclays, the UK’s inaugural residential renewable securitisation, positioning Hometree as a pioneer in shaping a new asset class crucial for decarbonising millions of homes in the years ahead. 

Hometree’s biggest decarbonisation plan to-date is off to a flying start with £1.5 Million worth of Solar Plan contracts signed in just two months.

Our CEO and Founder Simon Phelan, was interviewed by Ian King of Sky News to talk about Hometree’s vision and how our recent fundraise and our imminent acquisition of BeWarm marks a key step in our journey to help UK homeowners decarbonise their homes with renewable hardware.

We’re celebrating an important milestone here at Hometree today, with the announcement of our $46 million Series B fundraise and our acquisition of BeWarm, a green home improvement financing platform offering green loans, leases and mortgage further advances.

When it comes to central heating, homes in the UK are losing up to three times more heat than in Europe according to Tado – even when you factor in the differences in outside temperature.

With the high cost of energy being the matter of the moment, it’s only natural to wonder how much large-scale events, such as the 2022 Qatar World Cup would cost to power – and, to consider what will become of these much loved sporting events if we don’t do more to reduce the environmental impact of running such events by switching to renewable energy resources more quickly.