LSP RENEWABLES PARTNERS WITH HSBC GREEN FUNDINGLSP News
LSP Renewables has secured £5m financing from HSBC UK and $1.5m from HSBC Taiwan, to support its growth and expansion plans both locally and internationally.
LSP Renewables required a global banking partner who could understand their specific requirements and provide them with the flexibility to grow, whilst providing support to their international subsidiaries. As a fast-growing renewable energy recruitment business, LSP will utilise both the funding and the global HSBC network to support its growing business.
HSBC UK was able to provide a tailored green working capital finance solution for the business, providing access to accelerated cash in multiple geographies. Additionally, HSBC Taiwan provided a $1.5m Green Service Trade to support the subsidiary in the country, which was facilitated by Aaron Boland, Global relationship manager HSBC UK.
Rajeev Hemdev, Business Development Manager for Global Trade and Receivables Finance (GTRF) at HSBC UK, said:
“We are pleased to have supported LSP Renewables plans for growth through the provision of this green funding facility and through our global network, which provides unparalleled local insight and partnership through our on the ground teams. We look forward to supporting LSP Renewables ongoing growth journey in the future.”
Adam Grainger CEO at LSP Renewables said:
“We are delighted to partner with HSBC to support the continued growth of our business on a global scale. As a leading specialist provider of recruitment and talent solutions to the Renewable Energy industry, the fact HSBC were able to offer a 100% green financing solution matched perfectly with the environmental goals and objectives of our business.
“We very much look forward to working with HSBC over the years ahead to allow LSP Renewables to further support the growth of the Renewable Energy industry as it expands globally.”
Stanley Hsiao, Head of Commercial Banking at HSBC Taiwan, added:
“The wind power industry is set to rise in Taiwan and has gradually become a new engine to drive the island’s economic growth, of which the key is offshore wind talents. HSBC Taiwan is pleased to continue providing unique Green Service Trade Loan for international renewable energy staffing company. This is our third Green Service Trade Loan, paving a way to help the offshore wind industry roots in Taiwan.”
Founded in 2017 and headquartered in the UK, LSP has grown twelvefold since 2018, and has expanded to multiple geographies.
It focuses upon placing candidates within onshore and offshore wind, solar, green hydrogen and electric vehicle charging industries.
About HSBC UK
HSBC UK serves over 14.75 million customers across the UK, supported by 24,000 colleagues. HSBC UK offers a complete range of retail banking and wealth management to personal and private banking customers, as well as commercial banking for small to medium businesses and large corporates.
HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 63 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,985bn at 30 June 2022, HSBC is one of the world’s largest banking and financial services organizations.
About LSP Renewables
LSP Renewables is a talent & recruitment specialist dedicated to servicing the international renewable energy industry covering permanent and contract positions across the full spectrum of renewable energy sources.
LSP Renewables' ambition is to positively contribute to the complete removal of CO2 from the global energy generation industry. They passionately believe in reducing global CO2 emissions in order to safeguard the long-term future of the planet. This passion fuels their desire to provide best in class talent and career support services to the companies and people working towards achieving a brighter, greener future.