IGF enabling EPI’s expansion in US wind market
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.
