£50,000 To Power Growth Of Renewable Energy Firm

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Development Bank of Wales , 30th January 2023

Renewable energy specialists Green Heat Wales are expanding their range of services to meet the growing demand for solar, biomass and heat pump energy generation.

A £50,000 micro loan from the Development Bank of Wales will be used as working capital to help finance the purchase of additional stock and support cashflow.

Established by James Portsmouth in 2009, Green Heat Wales has showrooms in Tongwynlais and Brecon. Live products on show include Solar PV, pellet boilers, wood burning stoves and thermal storage. Led by James as Managing Director along with Directors Benjamin Cloke and Nathan Pring, the six strong team also provides traditional plumbing and heating services including boiler and bathroom installation.

Kelly Jones, DBW, with Nathan Pring, Nick Lancaster and James Portsmouth of Green Heat Wales

Director James Portsmouth is a returning customer of the Development Bank. He said:

“We are absolutely focussed on helping our customers to lower their carbon footprint and reduce their fuel bills. Our team is trained in all types of renewable energy as well as conventional plumbing so can advise on the integration of new technologies in existing properties with minimum fuss.

“Our aim is to provide advice on the supply, installation and commissioning of renewable energy systems throughout Wales for both domestic and commercial customers. Sufficient working capital is essential to being able to keep up with demand so we’re grateful to the Development Bank for stepping in so quickly. Their finance will help us to scale up and expand knowing that we have the cashflow to invest in stock ready for installation.”

Kelly Jones is a Portfolio Executive with the Development Bank of Wales She said:

“It’s really important to us that we are supporting our customers, sustainable growth and the transition to a strong green Welsh economy. We want the best for Wales which is why we’re providing capital for businesses like Green Heat Wales that are delivering green services and products for the people of Wales.”

The loan came from the £204 million Wales Business Fund which is financed by the European Regional Development Fund and the Welsh Government. Loans, mezzanine finance, and equity investments are available for deals between £50,000 and £2 million with terms ranging from one to seven years for small and medium-sized businesses (those with fewer than 250 employees) based in Wales, or willing to relocate to Wales.

Mae arbenigwyr ynni adnewyddadwy Green Heat Wales yn ehangu eu hystod o wasanaethau i ateb y galw cynyddol am ynni solar, biomas a phwmp gwres.

Bydd micro-fenthyciad o £50,000 gan Fanc Datblygu Cymru yn cael ei ddefnyddio fel cyfalaf gweithio i helpu i ariannu prynu stoc ychwanegol a chefnogi llif arian.

Wedi’i sefydlu gan James Portsmouth yn 2009, mae gan Green Heat Wales ystafelloedd arddangos yn Nhongwynlais ac Aberhonddu. Ymhlith y cynhyrchion byw sy'n cael eu harddangos mae Solar PV, boeleri pelenni, stofiau llosgi coed a storfa thermol. O dan arweiniad James fel Rheolwr Gyfarwyddwr ynghyd â’r Cyfarwyddwyr Benjamin Cloke a Nathan Pring , mae’r tîm o chwech hefyd yn darparu gwasanaethau plymio a gwresogi traddodiadol gan gynnwys gosod boeleri ac ystafelloedd ymolchi.

Mae'r cyfarwyddwr James Portsmouth yn gwsmer sy'n dychwelyd at y Banc Datblygu. Meddai:

“Rydym yn canolbwyntio’n llwyr ar helpu ein cwsmeriaid i leihau eu hôl troed carbon a lleihau eu biliau tanwydd. Mae ein tîm wedi'i hyfforddi ym mhob math o ynni adnewyddadwy yn ogystal â phlymio confensiynol felly gallant roi cyngor ar integreiddio technolegau newydd mewn eiddo presennol heb fawr o ffwdan.

“Ein nod yw rhoi cyngor ar gyflenwi, gosod a chomisiynu systemau ynni adnewyddadwy ledled Cymru ar gyfer cwsmeriaid domestig a masnachol. Mae cyfalaf gweithio digonol yn hanfodol i allu cadw i fyny â'r galw felly rydym yn ddiolchgar i'r Banc Datblygu am gamu i mewn mor gyflym. Bydd eu cyllid yn ein helpu i gynyddu ac ehangu gan wybod bod gennym y llif arian i fuddsoddi mewn stoc sydd yn barod i’w osod.”

Mae Kelly Jones yn Swyddog Portffolio gyda Banc Datblygu Cymru. Dywedodd:

“Mae'n bwysig iawn i ni ein bod yn cefnogi ein cwsmeriaid, twf cynaliadwy a'r trawsnewid i economi werdd Gymreig gref. Rydyn ni eisiau’r gorau i Gymru a dyna pam rydyn ni’n darparu cyfalaf i fusnesau fel Green Heat Wales sy’n darparu gwasanaethau a chynnyrch gwyrdd i bobl Cymru.”

Daeth y benthyciad o Gronfa £204 miliwn Busnes Cymru sy’n cael ei ariannu gan Gronfa Datblygu Rhanbarthol Ewrop a Llywodraeth Cymru. Mae benthyciadau, cyllid mesanîn, a buddsoddiadau ecwiti ar gael ar gyfer bargeinion rhwng £50,000 a £2 filiwn gyda’r telerau’n amrywio o un i saith mlynedd ar gyfer busnesau bach a chanolig (y rhai sydd â llai na 250 o weithwyr) sydd wedi’u lleoli yng Nghymru, neu sy’n barod i adleoli i Gymru.