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  4. Ampere Equity Fund acquires 50% of a 46 MW on shore wind farm being developed by GreenPower in Scotland.

Ampere Equity Fund acquires 50% of a 46 MW on shore wind farm being developed by GreenPower in Scotland.

03-08-2011 | Glasgow, 3 August 2011 - Ampere Equity Fund, managed by Triodos Investment Management, acquires 50% of the Carraig Gheal Wind Farm , which has a total capacity of 46 MW.

Carraig Gheal Wind Farm is located in the region of Argyll and Bute (Scotland), and is being developed by the Scottish developer GreenPower International. Preparation of the construction works has started and the wind farm will be commissioned late 2012. Carraig Gheal Wind Farm will consist of 20 Siemens SWT-2.3 variable speed wind generators, each with 2.3 MW capacity. The preferred contractor for the civil engineering and foundation works is Hanson Quarry Products, a subsidiary of Heidelberg Cement Group.

Ampere Equity Fund and GreenPower are currently jointly negotiating the senior debt financing for the project with two leading UK banks. Financial Close of the senior debt financing is anticipated later in August.

Joris van der Geest, Chief Investment Officer Ampere Equity Fund: "We are pleased with this new partnership with Green Power that has resulted in the Fund’s second investment in the UK wind energy sector. This high quality wind farm is a further diversification of our portfolio of equity investments in on shore wind, offshore wind and solar pv projects across Europe, which will generate long term stable returns for our institutional investors."

Robert Forrest, Chief Executive, GreenPower: "GreenPower is pleased to be working alongside the Ampere Equity Fund and Triodos Bank, an established ethical investor, to deliver this significant project to help meet Scotland’s ambitious renewable energy targets."

Ampere Equity Fund
Ampere Equity Fund, managed by Triodos Investment Management, invests in renewable energy projects in Western Europe. The fund focuses on investments in energy producing assets applying proven technology, that provide stable and predictable long term returns for its investors. The Fund has attracted major Dutch institutional investors with a total committed capital of EUR 320 million, which provides certainty of funding for its investment strategy until the end of 2011. With investments in on shore wind, solar pv and offshore wind projects in The Netherlands, Germany, France, Spain, Italy and the UK, the Fund has built a diversified portfolio of renewable energy assets. Triodos Investment Management is a subsidiary of Triodos Bank with over 25 years’ experience in renewable energy investments.

GreenPower
GreenPower is an independent developer of wind and hydro power projects, based in Scotland. The company has consented over 250MW of wind capacity. The Carraig Gheal Wind Farm was consented in 2008 through a Section 36 application to the Scottish Ministers. GreenPower has in excess of 400MW of further wind and hydro power capacity in development across the UK and is actively pursuing acquisitions and joint ventures as well as greenfield developments. The company has recently launched its GreenPower-Share initiative, which enables landowners for smaller projects to become joint owners of the project on their land.