IGF enabling EPI’s expansion in US wind market
06 SEPTEMBER 2022, Farnborough, UK: EPI Group (EPI), a leading independent and international energy consultancy has secured further support from Independent Growth Finance (IGF), to enable EPI’s rapid growth into the US wind market.
Over the last 5 years, IGF have backed EPI’s global growth and diversification through its UK HQ entity with a flexible working capital facility.
EPI is currently experiencing a rapid increase in activity supporting the growing US renewables market – supporting wind farm development projects. In response IGF have agreed to extend their support of EPI’s business by providing further funding of EPI’s activity in the US offshore wind market through EPI’s US entity.
In 2021, wind turbines were the source of about 9.2% of total U.S. utility-scale electricity generation with EPI supporting customers who operate in both the offshore and onshore market segments.
EPI’s Finance Director David Hirst commented “Once again IGF took the time to understand the scope of our business expansion plans and recognised the potential. With the continuing support of the IGF team, we are now able to continue to grow the business and look at opportunities which would not have been possible previously.”
Simon Jacobs, Relationship Director with IGF added “Having worked closely with EPI for several years now, we have developed a deep understanding of the business, its levers for growth as well as the quality of the leadership team. With the backdrop of rising energy costs, we are pleased to be able to support EPI as they drive this important initiative in the UK and now the US.
About Independent Growth Finance Ltd (IGF)
Independent Growth Finance (IGF) is a leading independent provider of Asset Based Lending (ABL) facilities to the UK lower mid-market.
Providing facilities up to £25m, IGF’s solutions led approach to funding supports borrowers during event driven scenarios such as MBO/MBI, Acquisition, Growth, Refinance or Turnaround.
Founded on expertise, IGF’s strong entrepreneurial culture and deep understanding of the lower mid-market enables businesses to achieve their objectives and ambitions with the confidence found in a supportive lender.
About EPI Group
EPI is a leading independent and international energy consultancy. Established in 1987, it provides integrated technical services from geoscience, geology, geophysics and geotechnical to environmental services such as EIA and compliance through to UXO risk management, identification and removal quality control. Operating with a blend of in-house and field-based technical experts and supplemented by a suite of proprietary and licensed technologies, EPI reduces risk, adds value, and brings greater operational success to its clients, currently in over 70 countries.