15 十月 2008

Climate Change Capital Private Equity Makes £6m Biogas Investment

(LONDON - 15th October 2008)  Climate Change Capital Private Equity ("CPE"), a €200m fund dedicated to clean technology, is making a £6 million investment in Renewable Zukunft Ltd ("RZ"), a Cambridgeshire based generator of electricity from organic materials in the UK. The capital enables RZ to partner with farmers and other commercial [agro-food] organisations to develop anaerobic digestion plants each capable of producing and selling to the national grid 10 million kilowatt -hours of electricity per year; this equates to the annual power consumption of 2,000 homes.

CCC will take an undisclosed stake in the company and have a seat on the board.

Renewable Zukunft is using proprietary biogas technology developed in Austria where it has been in use in twelve plants for a number of years. RZ's business model is to enter into joint ventures with agricultural and food processing businesses that provide the required feedstock for the biogas plants. The methane produced by the degradation of energy crops, manure and other organic waste materials is used to fuel combined heat and power generation units to produce electricity and heat.

Alex Betts, a CPE partner, said: "We are very pleased to have the opportunity to support Renewable Zukunft, which is addressing the high growth UK biogas market. They have a great value proposition for agricultural waste producers, a differentiated technology affording attractive returns on capital employed and a highly experienced professional management team."

Renewable Zukunft's managing director, Tim Evans, said: "This investment is great news for us. It underlines the strength of our business model and enables us to fund joint venture projects with third parties across the UK. The potential for biogas development in this country is substantial. The biogas industry is at least 10 years behind the well developed markets of Germany and Austria and we are keen to raise awareness and acceptance of this technology. Such a system can be used by local authorities for waste management, by agricultural businesses, food processors and retailers as well as by communities looking for self-sufficiency."

END

 

Enquiries:

Climate Change Capital
Daniel Cremin +44 (0)20 7939 5319 dcremin@c-c-capital.com

Renewable Zukunft
Tim Evans   +44 (0) 1954 212 300 tim@renewablezukunft.co.uk

 

Notes to Editors 

About Climate Change Capital Group Ltd

Climate Change Capital Ltd. (“CCC”) www.climatechangecapital.com is an investment manager and advisor specialising in the opportunities created by the transition to the low carbon economy. Its activities aim to make the world’s environment cleaner while delivering attractive financial returns.

  • Fund Management: Develops and manages funds that invest in companies, projects and technologies that provide products or services facilitating climate change mitigation or adaptation. CCC has over US $1.6 billion under management across the following alternative asset classes: Infrastructure and Carbon, Private Equity, Listed Equities, Real Estate, Land and Water. 
  • Advisory: Provides financial, strategic and policy advice to energy-intensive industries, financial institutions, clean technology companies and governments.
     

Through the combined talents of investment professionals, market specialists, and thought leaders we reconcile economic gain with environmental benefits without compromising implementation, discipline, client focus and accountability. We call this Creating Wealth Worth Having®.

Climate Change Capital Limited is authorised and regulated by the Financial Services Authority.

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