More consolidation in energy as Social and Sustainable Capital (SASC) has acquired Leapfrog Bridge Finance (LBF), the finance arm of low carbon innovator, Pure Leapfrog.

SASC states that the acquisition will help it to expand its funding operations and it will continue to work with all LBF’s current and prospective clients with a focus on growing its portfolio of social and sustainable renewable energy projects.

Over the last five years, LBF has funded £50m of renewable energy projects in the UK. These schemes are projected to deliver £14.75m to local communities to create social and environmental impact.

Claire Hanratty, CEO of Pure Leapfrog said “We believe that SASC, as a dedicated investment organisation, with its established platform, track record in raising funds and social and environmental values will be able to scale LBF and grow its impact.”

LBF has provided bridge finance to Plymouth Energy Community’s Ernesettle solar farm, Burnham and Weston Community Energy’s Wick Farm solar sites, Empower Community’s Drove Lane and New Mains of Guynd solar farms, Gridserve’s developments for Warrington Borough Council in Hull and York and the Ferry Farm solar site.

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