Clean Energy UK FinanceGuide 2014 - Clean Energy Pipeline

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Jul 8, 2014 - A Clean Energy Pipeline guide to: The Renewable Heat Incentive..... 34 .... depending on the type of renew
3rd Edition

Clean Energy UK Finance Guide 2014 Sponsored by:

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Disclaimer No company, investor or advisor has paid for inclusion in the Clean Energy UK Finance Guide 2014 league tables or directory. League tables are based on deals that were announced during the 2013 calendar year. The exception are the league tables ranking legal and financial advisors, which are based on deals that completed in 2013. This approach has been adopted as advisors are often not disclosed until after a transaction has been completed. As our online platform is updated in real time, league table rankings may differ from the time of this release and the data found in our online platform at a later date. The Clean Energy Pipeline league tables are based on deal information which has been collected by or provided to our team. Clean Energy Pipeline endeavours to guarantee the accuracy of the deal information used to compile the league tables. At the end of each quarter, organisations are invited to email us a quarterly deal summary in any format to ensure that all relevant deals are reflected in the Clean Energy Pipeline league tables. All submissions should be emailed to Thai Tran at [email protected]. Clean Energy Pipeline reserves the rights to decline inclusion of deals that it deems fall outside its definitions or methodology. While every care is taken in compiling the content, the publisher assumes no responsibility form effects arising from this publication. The opinions expressed in this guide are not necessarily those of the publishers, but of individual writers. The publishers do not accept responsibility for errors in advertisements or third-party offers.

Terms of Use The contents of this directory may not be used for the purposes of mass marketing. Clean Energy Pipeline, a division of VB/Research Ltd. takes no responsibility for the use of this directory by third parties after publication. Investors, project sponsors, corporates and banks listed in the directory have placed capital in or acquired a UK clean energy company or project in the 2013 calendar year. Advisors listed have provided financial and/or legal advisory services to companies involved in European clean energy project finance, venture capital and private equity or M&A transactions during the same period. Government agencies that provided grant funding during the same period are also included. This data has been extracted directly from Clean Energy Pipeline’s online platform containing venture capital and private equity, project finance, M&A, public market deals and directory databases.

Copyright © 2005 – 2014 VB/Research Ltd. All rights reserved. No parts of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, without prior permission of the publishers. This includes hosting all or part of this publication online.

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Contents Clean Energy UK Finance Guide 2014 Managing Editor: Estelle Lloyd Research Director: Thomas Sturge Production Editor: Tom Naylor Business Development Managers: Chris White Sonja van Linden Tol Clean Energy UK Finance Guide 2014 Published by: Clean Energy Pipeline A division of VB/Research Ltd. Wells Point 79 Wells Street London, W1T 3QN UK Copyright © 2005-2014 VB/Research Ltd. +44 (0) 207 251 8000 (EMEA) +1 202 386 6715 (Americas) www.cleanenergypipeline.com Subscription enquiries: [email protected] All rights reserved. No parts of this publication may be reproduced, in English or other languages, stored in a retrieval system or transmitted, in any form or by any means, without prior permission of the publishers. This includes hosting all or part of this publication online.

Foreword....................................................................................................3 Douglas Lloyd Clean Energy Pipeline UK legislative framework for renewable energy....................................4 Dominic FitzPatrick Taylor Wessing Renewables outlook 2014: Intermittent certainty............................. 13 Dane Wilkins Jones Lang LaSalle – Renewable Energy Capital Risk & reward in Europe’s biggest solar market.................................16 Robert Goss Conergy UK The end of an era… and the start of a new investment..................... 22 landscape under Contract for Difference Lars Weber Neas Energy Expert asset management maximises onshore .................................24 wind production RES (Renewable Energy Systems) Institutionalising renewable energy investments............................... 26 Ian Berry Aviva Investors Investment appetite to survive CfD transition.................................... 28 Adiant Capital Partners

Guernsey: Home of the listed clean energy fund................................ 30 Fiona Le Poidevin Guernsey Finance Offshore wind project cost outlook...................................................... 32 Clean Energy Pipeline & PD Ports A Clean Energy Pipeline guide to: The Renewable Heat Incentive...... 34 Sponsored by Aratus Capital League Tables........................................................................................ 39 Market Analysis..................................................................................... 43 Directory..................................................................................................57

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Sharing Global Infrastructure & Energy Knowledge InternationalProjectFinance Association The International Project Finance Association (IPFA) is an independent, not-for-profit, professional association dedicated to providing up-to-date information on best practice, industry trends and new developments in infrastructure and energy. Collaborating with over 480 public and private sector members, IPFA provides a continuous programme of over 80 industry events which focus on investment and development matters that are of critical interest to infrastructure and energy practitioners, enabling excellent networking opportunities with senior professionals, across the industry. 2nd Floor, 150 Fleet Street, London EC4A 2DQ. t: 0207 427 0900 f: 0207 583 8020 e: [email protected]

Clean Energy Pipeline

Foreword

Foreword Clean Energy Pipeline

Douglas Lloyd Founder & CEO Clean Energy Pipeline

I have just returned from a sobering trip to Germany where the mood wasn’t exactly bleak but it certainly didn’t seem upbeat either. Imminent changes to the Renewable Energy Act are threatening Germany’s status as Europe’s leading destination for renewables. The undoubted beneficiary should be the United Kingdom. In a recent survey we conducted earlier this year we asked the industry where they wanted to invest globally and in which countries they were most likely to acquire assets. As usual the USA was ranked in first place but more importantly, given the focus of this guide, the UK leapt into 2nd place. This is the highest rating the UK has achieved since we started running this survey in 2011. In parallel Germany fell from 2nd to 6th place, adding statistical weight to the downbeat vibe I experienced at our German Clean Energy event in late June. So there you have it, the World Cup may not have been a success but at least the United Kingdom is the leading country for Clean Energy in Europe. There are challenges, not least the government’s somewhat lukewarm commitment to the Clean Energy sector. However, the overall mood is certainly brighter this year. According to Clean Energy Pipeline data new investment in the first quarter of 2014 exceeded $61 billion globally, representing a 14% year-on-year growth rate. The UK has also established itself as a global pioneer in the YieldCo structure, a new source of capital and creating liquidity that is very new. Funding issues will always be a concern throughout the sector (not just in offshore) but the UK market looks more capable of finding a way to bridge the funding gap than it has done for several years. This is the third edition of the Clean Energy UK Finance Guide and by far the largest with contributions from almost twenty different institutions active in the sector in the UK. More than ever, we have achieved our goal of producing a definitive guide to investment in the UK Clean Energy sector.... and it’s free to download to anyone! Lastly and as always I would like to thank our sponsors for all their support as well as my research team. I hope to meet you at the guide’s launch event at Taylor Wessing’s offices in London on July 7th.

Douglas Lloyd Founder & CEO Clean Energy Pipeline www.cleanenergypipeline.com

3

Thought leadership

Taylor Wessing

UK legislative framework for renewable energy

Dominic Lars Weber FitzPatrick Head of Sales Partner, Head of Energy (UK) Neas Energy Taylor Wessing Ltd.

Thethe In regulatory 12 months framework since the for release renewable of last year’s energyUK in Green the UKInvestment is driven byGuide, the 2009 theEU UK investment Energy Renewable landscape Directive has undergone and the 2008 significant Climatechange. ChangeSolar Act. PV has emerged as the dominant renewable energy technology and is being deployed at a scale not seen before The EU Renewable Energy Directive 2009 (EU RED) requires the UK to source 15% of energy in the UK. It is estimated a record 1.45 GW of new ground mounted solar capacity was from renewable sources by 2020. In order to achieve this target it is expected that 30% of built in 2013, with large-scale installations growing by a staggering 600%. The growth has electricity generation would need to come from renewable energy. continued in 1Q14, when an estimated 1.1 GW of new capacity was brought online. The Climate Change Act 2008 established the world’s first legally binding climate change target, with a commitment to reduce the UK’s greenhouse gas emissions by at least 80% (from the 1990 baseline) by 2050. The fourth carbon budget committed the UK to reducing its CO2 emissions 50% by 2027. However, while the UK has a carbon reduction target it does not have a renewable energy target other than that set out in the EU RED. In order to achieve the 2020 target, a 17% per year increase in deployment of renewable energy will be required and it is estimated that the size of investment required is c.£110 billion. Policy objectives

Decarbonisation

The UK government’s policy objectives are:

Renewables Obligation

• • •

Since 2002 the Renewables Obligation (RO) has been the main support mechanism for renewable energy in the UK. The RO imposes an obligation on electricity suppliers to source an increasing proportion of electricity generation from renewable sources.

to ensure security of supply; to meet decarbonisation targets; and to provide energy affordability for consumers.

The government seeks to achieve this through a number of support mechanisms and obligations focused primarily on the decarbonisation of generation but also energy efficiency.

4

Suppliers may satisfy this obligation by sourcing Renewables Obligation Certificates (ROCs) and surrendering

Thought leadership

Taylor Wessing

these or paying a “buy-out price”, or a combination of both. ROCs are tradable instruments that are sold separately from the electricity. ROCs are issued for 20 years from the later of accreditation of the generating station under the RO and commissioning. Under the scheme, eligible renewable generators are issued a pre-determined number of ROCs in respect of each megawatt-hour (MWh) of eligible renewable electricity they generate during an obligation period (running from 1 April to 31 March). Different numbers of ROCs are issued depending on the type of renewable energy source. A table summarising the banding levels for the banding review period (2013-17) in England and Wales is set out below. ROCs are sold by the generator to an electricity supplier, and are used by the electricity supplier as evidence that they have been supplied with the requisite percentage of renewable energy to meet their obligations under the RO for that obligation period. ROCs can only be redeemed by an electricity supplier against the obligation period in which they are issued or against the preceding obligation period. If electricity suppliers do not surrender enough certificates to cover the required percentage of their renewable energy

output, they are obliged to pay a buy-out price for any shortfall. The buy-out price is set each year by Ofgem and increases in line with changes in the Retail Price Index. The obligation level for 2014/15 is 0.244 ROCs/MWh in Great Britain and 0.107 ROC/MWh in Northern Ireland. The obligation level is set by taking the higher of (A) a predetermined fixed target and (B) the estimated number of ROCs that will be available in an obligation period plus 10%. The current buy out price is £43.30 per ROC. As part of the ongoing Electricity Market Reform the RO will close to new applications from 31 March 2017. However, generation stations that have been accredited under the RO will continue to be eligible to receive ROCs until 2037. From October 2014, a new Contracts for Difference (CfD) regime will come into force and most renewable energy technologies that are eligible to participate in the RO will have a choice whether to participate in the RO or the CfD regime until the RO closes to new applicants in March 2017. However, the government proposes to exclude new large-scale solar PV projects (or extensions of existing projects) from the RO from 1 April 2015, subject to a grace period for solar PV projects that have either (i) preliminary accreditation

RO and ROS banding (excluding regular biomass bands) Band Advanced gasification/pyrolysis

pre-13 capacity

13/14 capacity

14/15 capacity

15/16 capacity

16/17 capacity

2

2

2

1.9

1.8 1.8

AD

2

2

2

1.9

Energy from waste with CHP

1

1

1

1

1

Geothermal

2

2

2

1.9

1.8

Geopressure

1

1

1

1

1

Hydro

1

0.7 (1 ROS)

0.7 (1 ROS)

0.7 (1 ROS)

0.7 (1 ROS)

0.25

0

0

0

0

Landfill gas – closed landfill gas

New band

0.2

0.2

0.2

0.2

Landfill gas heat recovery

New band

0.1

0.1

0.1

0.1

2

2

2

1.9

1.8

Onshore wind

1

0.9

0.9

0.9

0.9

Offshore wind

2

2

2

1.9

1.8

Offshore wind – demonstration turbines (ROS)

New band

New band

2.5

2.5

2.5

Offshore wind – floating turbines (ROS)

New band

New band

3.5

3.5

3.5

1

1

1

1

1

0.5

0.5

0.5

0.5

0.5

Landfill gas

Microgeneration (5 MW and 50 projects • Established strong industry network and reputation of execution Contact:

Nick Koidl Managing Director [email protected] +44 (0)20 8123 8699

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Directory

Clean Energy Pipeline

Abundance NRG Ltd. London, UK www.abundancegeneration.com

Ameresco Inc. Framingham, MA, USA www.ameresco.com

ASM Pacific Technology Ltd. Hong Kong, China www.asmpacific.com

Investment focus:

Investment focus:

Investment focus:

Project sponsor

M&A Acquirer

M&A Acquirer

AmeyCespa Ltd. Cambridge, UK www.ameycespa.com

Atlantis Resources Ltd. Singapore, Singapore atlantisresourcescorporation.com

Investment focus:

Investment focus:

Project sponsor

M&A Acquirer

AMP Capital Partners LLC Draper, UT, USA www.ampcp.com

Augean plc Wetherby, UK www.augeanplc.com

Investment focus:

Investment focus:

Project sponsor

M&A Acquirer

Ampair Energy Ltd. Poole, UK www.ampair.com

Augusta & Co plc London, UK www.augustaco.com

Investment focus:

Advisory focus:

M&A Acquirer

Financial advisory - M&A

Adiant Capital Partners Luxembourg, G.D. Luxembourg www.adiantcapital.com INVESTMENT focus:

Project sponsor, M&A Acquirer ABout:

Adiant Capital Partners specializes in renewable energy infrastructure investments. We invest globally in ready-to-build projects, operating assets, repowering and distressed situations primarily in the photovoltaic and wind sectors. We take a highly risk-averse approach to investing and focus on delivering stable cash flows to our investors. Adiant’ investment team has a long and successful track record in the renewable energy industry, in private equity, and in distressed debt, and having invested capital of over €50 billion. Contact:

Nils Hammon Managing Partner [email protected] +41 78 677 2195

Advanced Power Components plc Rochester, UK www.apc-plc.co.uk

Anderson Strathern LLP Edinburgh, UK www.andersonstrathern.co.uk Advisory focus:

London, UK www.avivainvestors.com

Legal advisory - Project finance

INVESTMENT focus:

Angel CoFund Sheffield, UK www.angelcofund.co.uk Investment focus:

VC - Early Growth (Series A to C) Aon plc London, UK www.aon.com Advisory focus:

Financial advisory - M&A

Investment focus:

M&A Acquirer Albion Ventures LLP London, UK www.albion-ventures.co.uk Investment focus:

Archangel Informal Investment Ltd. Edinburgh, UK www.archangelsonline.com Investment focus:

VC - Early Growth (Series A to C)

VC - Early Growth (Series A to C) Allen & Overy LLP London, UK www.allenovery.com Advisory focus:

Aviva Investors

Armstrong Energy London, UK www.armstrongenergy.co.uk Investment focus:

Project sponsor

M&A Acquirer ABout:

Aviva Investors is a global fund manager with total assets under management of £241 billion (as at 31 December 2013) Our infrastructure team, part of the Secure Income Alternatives unit of Aviva Investors, provides finance for debt and equity projects with particular expertise in renewables and energy efficiency. The team manage a range of infrastructure strategies and look to provide institutional investors with long term, secure cashflows ideal for matching future liabilities. Contact:

Ian Berry Fund Manager - Infrastructure & Renewable Energy [email protected] +44 (0) 20 7809 8583

Legal advisory - Project finance Alstom Power SA Levallois-Perret, France www.alstom.com Investment focus:

M&A Acquirer

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Ashurst LLP London, UK www.ashurst.com Advisory focus:

Axiom Solar Ltd. Kettering, UK www.axiomenergygroup.com

Legal advisory - M&A

Investment focus:

Project sponsor

Directory

Clean Energy Pipeline

Ayrenergy Ltd. Deerness, UK www.ayrenergy.com

BBVA Bilbao, Spain www.bbva.es

BNRG Renewables Ltd. Dublin, Ireland www.bnrg.ie

Investment focus:

Investment focus:

Investment focus:

Project sponsor

Debt provider

Project sponsor

BDO LLP London, UK www.bdo.uk.com

Bond Dickinson LLP Newcastle-upon-Tyne, UK www.bondpearce.com

Advisory focus:

Advisory focus:

Financial advisory - Project finance, Financial advisory - M&A

Legal advisory - Project finance, M&A, Venture capital & private equity

Belltown Alpha Renewables London, UK www.belltownpower.com

Braemar Energy Ventures New York, NY, USA www.braemarenergy.com

Investment focus:

Investment focus:

Project sponsor, M&A Acquirer

VC - Early Growth (Series A to C)

Biffa Ltd. High Wycombe, UK www.biffa.co.uk

British Gas Worthing, UK www.britishgas.co.uk

Investment focus:

Investment focus:

M&A Acquirer

VC - Early Growth (Series A to C)

Bill & Melinda Gates Foundation Seattle, WA, USA www.gatesfoundation.org

British Solar Renewables Ltd. Somerset, UK www.britishrenewables.com

Investment focus:

Investment focus:

Grant & Government Funding

Project sponsor

Bindu Trust Jersey, UK Investment focus:

Budget Pack Ltd. Bristol, UK www.budget-pack.com

PIPE

Investment focus:

B Balfour Beatty Infrastructure Partners LLP London, UK www.bbip.com Investment focus:

Project sponsor, M&A Acquirer Balfour Beatty Investments London, UK www.balfourbeatty.com Investment focus:

Project sponsor Banco Santander SA Madrid, Spain www.santander.com Investment focus:

Debt provider, Project sponsor, M&A Acquirer Advisory focus:

Financial advisory - Project finance Barclays Infrastructure Funds Management Ltd. London, UK barclaysinfrastructurefunds.com Investment focus:

M&A Acquirer BlackRock Inc. New York, NY, USA www.blackrock.com

Barclays plc London, UK www.barcap.com

Investment focus:

Burges Salmon LLP Bristol, UK www.burges-salmon.com

M&A Acquirer

Advisory focus:

Advisory focus:

Blue Energy Ltd. Cheshire, UK www.blue-energyco.com

Project sponsor, M&A Acquirer

Financial advisory - M&A

Legal advisory - Project finance

BayernLB Munich, Germany www.bayernlb.de

Investment focus:

Investment focus:

Bluefield Solar Income Fund Ltd. London, UK www.bluefieldllp.com

Debt provider BayWa r.e. renewable energy GmbH Munich, Germany www.baywa-re.com Investment focus:

Project sponsor, M&A Acquirer

Project sponsor, M&A Acquirer

Burmeister & Wain Scandinavian Contractor AS Alleroed, Denmark www.bwsc.com Investment focus:

Project sponsor, M&A Acquirer

Investment focus:

Project sponsor, M&A Acquirer BNP Paribas SA Paris, France www.bnpparibas.com Advisory focus:

Financial advisory - Project finance

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Directory

Clean Energy Pipeline

Europe’s leading cleantech cluster

www.cambridgecleantech.org.uk 60

Directory

Clean Energy Pipeline

Carbon Trust Investments Ltd. London, UK www.carbontrust.co.uk

Citigroup Inc. New York, NY, USA www.citigroup.com

California Energy Commission Sacramento, CA, USA www.energy.ca.gov

Investment focus:

Advisory focus:

VC - Early Growth (Series A to C), PIPE

Financial advisory - M&A

Investment focus:

Carey Olsen Guernsey, UK www.careyolsen.com

Claridge Inc. Montreal, QC, Canada

Cambridge Angels Cambridge, UK www.cambridgeangels.net

Advisory focus:

Seed Financing

Investment focus:

Catalyst Corporate Finance London, UK www.catalystcf.co.uk

C

Grant & Government Funding

Angel Funding

Legal advisory - M&A

Cambridge Capital Group Cambridge, UK www.cambridgecapitalgroup.co.uk

Advisory focus:

Investment focus:

Catapult Venture Managers Ltd. Melton Mowbray, UK www.catapult-vm.co.uk

VC - Early Growth (Series A to C), Angel Funding

Investment focus:

VC - Early Growth (Series A to C)

Charles Russell LLP London, UK www.charlesrussell.co.uk

Cambridge Enterprise Seed Funds Cambridge, UK www.challengefund.cam.ac.uk

Legal advisory - Venture capital & private equity

Investment focus:

Chrysalix SET Amsterdam, Netherlands www.setvp.com

Camco Clean Energy plc London, UK www.camcocleanenergy.com Investment focus:

M&A Acquirer Canaccord Genuity Toronto, ON, Canada www.canaccordgenuitygroup.com

Investment focus:

M&A Acquirer Clifford Chance LLP London, UK www.cliffordchance.com Advisory focus:

Legal advisory - Project finance, M&A

VC - Early Growth (Series A to C)

Advisory focus:

Seed Financing

Clean Harbors Inc. Norwell, MA, USA www.cleanharbors.com

Financial advisory - M&A

Investment focus:

Cambridge Consultants Inc. Cambridge, MA, USA www.cambridgeconsultants.com

Investment focus:

Climate Change Capital Ltd. London, UK www.climatechangecapital.com Advisory focus:

Financial advisory - M&A Climate-KIC London, UK www.climate-kic.org Investment focus:

Grant & Government Funding

Investment focus:

VC - Early Growth (Series A to C)

Conergy UK Ltd. www.conergy.co.uk

Advisory focus:

Financial advisory - M&A Capital Dynamics AG Zug, Switzerland www.capdyn.com Investment focus:

Project sponsor, M&A Acquirer Capricorn Venture Partners NV Leuven, Belgium www.capricorn.be Investment focus:

VC - Early Growth (Series A to C)

Founded in 1998, Conergy pioneered the expansion of solar power internationally, and today combines innovative technology, industryleading engineering with access to capital. Headquartered in Hamburg, Germany, Conergy has a global sales network and subsidiaries in 11 countries. The company is privately-held and majority-owned by Miamibased asset management firm Kawa Capital Management, Inc. Conergy UK & Ireland, based in Milton Keynes, has worked on some of Britain’s most pioneering projects combining global experience with local expertise.

Contact: Cindy Pooler Marketing Manager [email protected] +44 (0)19 0893 3718

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Directory

Clean Energy Pipeline

CMS Cameron McKenna London, UK www.cms-cmck.com

CropEnergies AG Mannheim, Germany www.cropenergies.com

Downing LLP London, UK www.downing.co.uk

Advisory focus:

Investment focus:

Investment focus:

Legal advisory - Project finance

M&A Acquirer

Project sponsor

Cofely Paris, France www.cofely-gdfsuez.com

Crowdcube Ltd. Exeter, UK www.crowdcube.com

Drax Power Ltd. Selby, UK www.draxpower.com

Investment focus:

Investment focus:

Investment focus:

M&A Acquirer

VC - Early Growth (Series A to C), Angel Funding

Project sponsor

Colville Partners Ltd. London, UK www.colvillepartners.com Advisory focus:

Financial advisory - Project finance, M&A Community Windpower Ltd. Cheshire, UK www.communitywindpower.co.uk

CSG Ltd. Fareham, UK www.csg.co.uk Investment focus:

Connection Capital LLP London, UK www.connectioncapital.co.uk

D

ConocoPhillips Houston, TX, USA www.conocophillips.com

Project sponsor Dutch Infrastructure Fund Schiphol, Netherlands www.dif.eu Investment focus:

Project sponsor, M&A Acquirer Deloitte LLP London, UK www.deloitte.com Advisory focus:

E

Financial advisory - M&A

Investment focus:

PE - Development Capital

Investment focus:

M&A Acquirer

Investment focus:

Project sponsor

Dresser-Rand Group Inc. Houston, TX, USA www.dresser-rand.com

Deutsche Bank AG Frankfurt, Germany www.db.com Investment focus:

E.ON Climate & Renewables Dusseldorf, Germany www.eon.com/renewables Investment focus:

Project sponsor, M&A Acquirer

Debt provider Earthmill (The Green Company) Wetherby, UK www.earthmill.co.uk

Investment focus:

Advisory focus:

VC - Early Growth (Series A to C)

Financial advisory - Project finance

Co-operative Bank plc Manchester, UK www.co-operativebank.co.uk

Development Bank of Japan Inc. Tokyo, Japan www.dbj.jp

Investment focus:

Investment focus:

Investment focus:

Project sponsor, Debt provider

M&A Acquirer

EC HAMBRO RABBEN & Partners Ltd. London, UK www.echambrorabben.co.uk

Copenhagen Infrastructure Partners Copenhagen, Denmark www.infrastructurepartners.dk

Dickson Minto London, UK www.dicksonminto.com

Advisory focus:

Advisory focus:

Investment focus:

Legal advisory - M&A

Eckert & Ziegler AG Berlin, Germany www.ezag.com

M&A Acquirer Coriolis Energy LLP Maidenhead, UK www.coriolis-energy.com Investment focus:

Investment focus:

Debt provider

62

Financial advisory - M&A

DnB NOR Bank ASA Oslo, Norway www.dnbnor.com

Investment focus:

Investment focus:

EDF Energy Renewables Ltd. London, UK www.edf-er.com

Debt provider

Project sponsor Credit Agricole SA Paris, France www.credit-agricole.com

M&A Acquirer

DONG Energy A/S Fredericia, Denmark www.dongenergy.com Investment focus:

Project sponsor, M&A Acquirer

M&A Acquirer

Investment focus:

Project sponsor

Directory

Clean Energy Pipeline

EEA Fund Management Ltd. London, UK www.eeafm.com

Enterprise Ventures Ltd. Preston, UK www.enterprise-ventures.co.uk

Ervington Investments Cyprus

Investment focus:

Investment focus:

PIPE

Project sponsor

VC - Early Growth (Series A to C)

Eksport Kredit Fonden Copenhagen, Denmark www.ekf.dk

Entrepreneurs Fund LLP London, UK www.efbv.net

ESB Group (Electricity Supply Board of Ireland) Dublin, Ireland www.esb.ie

Investment focus:

Investment focus:

Investment focus:

Debt provider

VC - Early Growth (Series A to C)

Project sponsor

Elgar Byrne Capital London, UK www.elgarbyrnecapital.com

Envirogen Technologies Inc. Kingwood, TX, USA www.envirogen.com

ESB Novusmodus London, UK www.novusmodus.com

Investment Focus:

Investment focus:

Investment focus:

Project sponsor

M&A Acquirer

VC - Early Growth (Series A to C)

Elgar Middleton Infrastructure & Energy Finance London, UK www.elgarmiddleton.com

Environmental Technologies Fund LP London, UK www.etf.eu.com

Eternity Capital London, UK www.eternitycapital.co.uk

Advisory Focus:

Investment focus:

Project sponsor

Financial advisory - M&A, Project finance

VC - Early Growth (Series A to C)

EMERGE Manchester, UK www.emergemanchester.co.uk Investment focus:

Envirowales Ltd. Ebbw Vale, UK www.envirowales.com Investment focus:

Investment focus:

Equitix Energy Efficiency Fund London, UK www.equitix.co.uk/NDEE.html Investment focus:

Investment focus:

Equitix Ltd. London, UK www.equitix.co.uk Investment focus:

Investment focus:

Equity Gap Edinburgh, UK www.equitygap.co.uk Investment focus:

Investment focus:

Eriez Manufacturing Co. Erie, PA, USA www.eriez.com Investment focus:

Investment focus:

Project sponsor

European Investment Bank Luxembourg, G.D. Luxembourg www.eib.org Investment focus:

Debt provider Evercore Partners Inc. New York, NY, USA www.evercore.com Advisory focus:

Financial advisory - M&A Evermore Renewable Energy Belfast, UK www.evermoreenergy.com Investment focus:

Project sponsor Eversheds LLP London, UK www.eversheds.com Advisory focus:

Legal advisory - Project finance

M&A Acquirer

Minority / Partnership Energy Works plc London, UK www.energyworksplc.com

Grant & Government Funding

VC - Early Growth (Series A to C)

Project sponsor Energy Technologies Institute LLP Loughborough, UK www.energyworksplc.com

Investment focus:

Project sponsor

M&A Acquirer Energy Saving Investments Fund London, UK www.equitix.co.uk/NDEE.html

EU Regional Development Fund Brussels, Belgium www.ec.europa.eu

Project sponsor

M&A Acquirer Energiekontor AG Bremen, Germany www.energiekontor.de

Investment focus:

M&A Acquirer

M&A Acquirer Energia Group Dublin, Ireland www.energia.ie

Investment focus:

Ernst & Young LLP London, UK www.ey.com Advisory focus:

Export Development Canada Ottawa, ON, Canada www.edc.ca Investment focus:

Project sponsor

Financial advisory - Project finance, M&A

63

Directory

f

Clean Energy Pipeline

Finance Yorkshire Barnsley, UK www.finance-yorkshire.com

G

Falck Renewables SpA Milan, Italy www.falckrenewables.eu

Investment focus:

Investment focus:

First Capital Corporation Ltd. London, UK www.firstcapital.co.uk

Investment focus:

Advisory focus:

GCP Infrastructure Investments Ltd. London, UK www.gcpuk.com

Project sponsor FCC Environment Ltd. Northampton, UK www.wrg.co.uk

VC - Early Growth (Series A to C)

Financial advisory - Venture capital & private equity

Investment focus:

Project sponsor FF&P Private Equity Ltd. London, UK www.ffandppe.com Investment focus:

Oxon, UK www.fimltd.co.uk Advisory focus:

Financial advisory - Project finance, M&A ABout:

Leading independent UK Investment Manager with proven capability (>100MW) of acquiring consented projects, arrangement of construction finance and ongoing asset management. FIM has additionally negotiated 1,300MW+ of potential wind farm and solar sites under signed leases or ‘options for lease’ on our investor’s property. Current opportunities are structured for both Institutional Investors and Private Clients. For Developers, we continue to expand our construction portfolio and are pleased to discuss our tailored funding solutions with you.

Project sponsor

Investment focus:

Foresight Group Sevenoaks, UK www.foresightgroup.eu Investment focus:

Debt provider, Project sponsor, VC Early Growth (Series A to C)

M&A Acquirer

FIM Services Ltd.

Gaelectric Developments Ltd. Dublin, Ireland www.gaelectric.ie

Debt provider, Project sponsor GDF SUEZ Energy International London, UK www.ipplc.com Investment focus:

Project sponsor Foresight Solar Fund Ltd. Sevenoaks, UK Investment focus:

Project sponsor, M&A Acquirer

GlaxoSmithKline Plc Middlesex, UK www.gsk.com Investment focus:

Fred. Olsen Renewables AS Oslo, Norway www.fredolsen-renewables.com Investment focus:

Project sponsor, M&A Acquirer

Project sponsor Glazewing Ltd. Norfolk, UK www.glazewing.co.uk Investment focus:

Freewatt Ltd. Lincoln, UK www.freewatt.co.uk Investment focus:

Project sponsor

M&A Acquirer Good Energy Group plc Chippenham, UK www.goodenergygroup.co.uk Investment focus:

Freshfields Bruckhaus Deringer LLP London, UK www.freshfields.com Advisory focus:

Legal advisory - M&A

Project sponsor, M&A Acquirer GP Bullhound Ltd. London, UK www.gpbullhound.com Advisory focus:

Friends Life Group London, UK www.friendslife.com

Financial advisory - Venture capital & private equity

Investment focus:

Gravis Capital Partners LLP London, UK www.gcpuk.com

Contact:

Debt provider

Wayne Cranstone Chief Operating Officer [email protected] +44 1451 843 900

Future Biogas Ltd. Guildford, UK www.futurebiogas.com

Investment focus:

Investment focus:

Green Automotive Company Corp. Riverside, TX, USA www.usaelectricauto.com

Fernando Valda Investment Director [email protected] +44 1451 843 905

64

Project sponsor

M&A Acquirer

Investment focus:

M&A Acquirer

Directory

Clean Energy Pipeline

Investment focus:

Helaba Landesbank HessenThuringen Girozentrale Frankfurt, Germany www.helaba.de

M&A Acquirer

Investment focus:

Greencoat Capital LLP London, UK www.greencoat-capital.com

Debt provider Greencoat UK Wind London, UK www.greencoat-ukwind.com Investment focus:

Project sponsor, M&A Acquirer

Advisory focus:

Legal advisory - Project finance

Investment focus:

M&A Acquirer

Investment focus:

Investment focus:

Project sponsor

M&A Acquirer, VC - Early Growth (Series A to C) Hermes Private Equity London, UK www.hermes.co.uk Investment focus:

GT Energy Borehamwood, UK www.gtenergy.net Investment focus:

Project sponsor

M&A Acquirer

VC - Early Growth (Series A to C)

Hanergy Holding Group Ltd. Beijing, China www.hanergy.com Investment focus:

Hazel Capital LLP London, UK www.hazelcapital.com

Imperial Innovations Group plc London, UK www.imperialinnovations.co.uk Investment focus:

VC - Early Growth (Series A to C), Seed Financing Inaccess Networks SA London, UK www.inaccess.com M&A Acquirer Independent Debt Capital Markets LLP London, UK independentdebtcapitalmarkets.com Advisory focus:

Advisory focus:

Infinis Ltd. Northampton, UK www.infinis.com

Legal advisory - Project finance, Legal advisory - M&A

Financial advisory - Project finance

Investment focus:

Horizons Ventures Ltd. Hong Kong, China

Project sponsor

Investment focus:

Infinite Renewables Ltd. Bridgend, UK www.infinite-energy.org.uk

VC - Early Growth (Series A to C)

Advisory focus:

Legal advisory - Project finance

Project sponsor

Hogan Lovells London, UK www.hoganlovells.com

M&A Acquirer Harper Macleod LLP Glasgow, UK www.harpermacleod.co.uk

iCON Infrastructure LLP London, UK www.iconinfrastructure.com

Investment focus:

Highland Venture Capital Ltd. Inverness, UK www.highvc.co.uk Investment focus:

H

Project sponsor

Investment focus:

Hermes GPE LLP London, UK www.hermesgpe.com

Grid Essence Holdings Ltd. Nicosia, Cyprus www.gridessence.com

ib vogt GmbH (Vogt Solar) Berlin, Germany www.vogt-solar.com Investment focus:

Herbert Smith Freehills LLP London, UK www.herbertsmith.com

Greenredeem Ipswich, UK www.greenredeem.co.uk

I

HSBC Holdings plc London, UK www.hsbc.com

Investment focus:

Investment focus:

Project sponsor, M&A Acquirer

Investment focus:

Advisory focus:

InfraRed Capital Partners Ltd. London, UK www.ircp.com

Project sponsor

Financial advisory - Project finance

Investment focus:

Heat Tricity Cornwall, UK Investment focus:

Hydrodec Group plc Young, Australia www.hydrodec.com

Project sponsor

Investment focus:

ING Group NV Amsterdam, Netherlands www.ing.com

M&A Acquirer

Investment focus:

Debt provider

M&A Acquirer

Debt provider

65

Directory

Clean Energy Pipeline

Innovator Capital Ltd. London, UK www.innovator-capital.com

IP Group plc London, UK www.ipgroupplc.com

Jones Day Washington, DC, USA www.jonesday.com

Advisory focus:

Investment focus:

Advisory focus:

Financial advisory - Venture capital & private equity

VC - Early Growth (Series A to C)

Legal advisory - M&A

INRG Solar Eastleigh, UK www.inrgsolar.com Investment focus:

Itochu Corp. Tokyo, Japan www.itochu.co.jp Investment focus:

Project sponsor

Project sponsor Intermediate Capital Group plc London, UK www.icgplc.co.uk Investment focus:

M&A Acquirer

J James Fisher and Sons plc Barrow-in-Furness, UK www.james-fisher.com Investment focus:

Investment focus:

JDS Uniphase Corp. (JDSU) Milpitas, CA, USA www.jdsu.com

M&A Acquirer

Invenergy LLC Chicago, IL, USA www.invenergyllc.com

Investment focus:

Investment focus:

Jefferies & Co New York, NY, USA www.jefferies.com

Project sponsor

M&A Acquirer

Invesco Perpetual Henley-on-Thames, UK www.invescoperpetual.co.uk

Advisory focus:

Investment focus:

Jetstream Capital LLC Brentwood, TN, USA www.jetstreamcapital.com

VC - Early Growth (Series A to C), Seed Financing

Financial advisory - M&A

Investment focus:

Investec plc London, UK www.investec.com

VC - Early Growth (Series A to C)

Debt provider

JFS & Associates Ltd. Stokesley, UK www.jfsassociates.co.uk

Advisory focus:

Investment focus:

Financial advisory - Project finance

Project sponsor

Invis Energy Lissarda, Ireland www.invisenergy.ie

John Laing plc London, UK www.laing.com

Investment focus:

Investment focus:

Project sponsor

Project sponsor, M&A Acquirer

Iona Capital Ltd. London, UK www.ionacapital.co.uk Investment focus:

John Swire & Sons (Green Investments) Ltd. London, UK www.swire.com

Project sponsor

Investment focus:

Investment focus:

Renewable Energy Capital Chicago, IL, USA www.joneslanglasalle.com advisory focus:

International Finance Corp. Washington, DC, USA www.ifc.org PIPE

Jones Lang LaSalle

Financial advisory - M&A ABout:

The JLL Renewable Energy Capital team provides in depth commercial and financial advice to developers and investors in the United Kingdom and across Europe. We advise on all aspects of transactions in green energy generation. JLL is unique in combining corporate finance expertise with dedicated renewables planning capabilities to offer clients bespoke advice from project inception to operation. As part of JLL, the team benefits from an operating presence in all key markets and unparalleled access to a global network of investors seeking opportunities in this emerging sector. Contact:

Dane Wilkins Head of Renewable Energy [email protected] +44 (0)20 7399 5171

Juwi AG Wörrstadt, Germany www.juwi.com Investment focus:

M&A Acquirer

66

Project sponsor

Directory

Clean Energy Pipeline

K

Lloyds Banking Group plc London, UK www.lloydsbankinggroup.com

L

Kempen & Co. NV Amsterdam, Netherlands www.kempen.nl

Lancashire County Pension Fund Lancaster, UK www.lancashire.gov.uk

Investment focus:

Advisory focus:

Investment focus:

Financial advisory - M&A

Debt provider

London Business Angels London, UK www.lbangels.co.uk

KfW Bankengruppe Frankfurt, Germany www.kfw.de

Landesbank Baden-Wuerttemberg Stuttgart, Germany www.lbbw.de

Investment focus:

Investment focus:

Debt provider

Debt provider

Khosla Impact Menlo Park, CA, USA www.khoslaimpact.com

Leviton Manufacturing Co. Inc. Melville, NY, USA www.leviton.com

Investment focus:

Investment focus:

VC - Early Growth (Series A to C)

M&A Acquirer

Kilmac Group Perth, UK www.kilmac.co.uk

Liberum Capital Ltd. London, UK www.liberumcapital.com

Investment focus:

Advisory focus:

M&A Acquirer

Financial advisory - M&A

King & Wood Mallesons SJ Berwin LLP Beijing, China www.kingandwood.com

Lightsource Renewable Energy Ltd. London, UK www.lightsource-re.co.uk

Advisory focus:

Project sponsor, M&A Acquirer

Investment focus:

Debt provider, Project sponsor

Investment focus:

Seed Financing, VC - Early Growth (Series A to C), Angel Funding Low Carbon Group Ltd. London, UK www.lowcarbon.com Investment focus:

Project sponsor The Low Carbon Innovation Fund Norwich, UK www.lowcarbonfund.co.uk Investment focus:

VC - Early Growth (Series A to C), Angel Funding LSE Ltd. Wimborne, UK www.lse-limited.co.uk Advisory focus:

Financial advisory - M&A

Legal advisory - M&A Koninklijke Ten Cate NV Almelo, Netherlands www.tencate.com Investment focus:

Linklaters LLP London, UK www.linklaters.com Advisory focus:

Legal advisory - Project finance, M&A

M&A Acquirer KPMG LLP London, UK www.kpmg.co.uk Advisory focus:

Financial advisory - Project finance

LOCAMATION www.locamation.com About: Locamation’s SASensor platform suite of hardware and software enables operators to collect smart data using a unique open platform architecture. The cost effective solution provided by SASensor allows operators to gain access to better data for grid analytics, monitoring, control and protection while maintaining maximum customer service levels. Locamation successfully supplies international customers including Alliander (Netherlands), Fortum (Sweden), Scottish & Southern Energy (UK). Contact us: Russell Clayman Business Development UK & Ireland [email protected] +44 (0)755 712 4873

67

Directory

M Macquarie Group Ltd. Sydney, Australia www.macquarie.com.au

Clean Energy Pipeline

Morningside Technology Ventures Ltd. Hong Kong, China www.morningside.com

Natixis SA Paris, France www.natixis.com

Investment focus:

Debt provider

VC - Early Growth (Series A to C)

Investment focus:

Project sponsor, M&A Acquirer Advisory focus:

Financial advisory - M&A

Moventas Oy Jyväskylä, Finland www.moventas.com Investment focus:

Martlet Cambridge, UK www.martlet.org.uk Investment focus:

Angel Funding

Investment focus:

Project sponsor

NESTA Ventures London, UK www.nesta.org.uk Investment focus:

Seed Financing

M&A Acquirer MTI Partners Ltd. London, UK www.mtifirms.com Investment focus:

Masdar Abu Dhabi, UAE www.masdar.ae

Investment focus:

NIBC Bank NV The Hague, Netherlands www.nibc.com Investment focus:

Debt provider

VC - Early Growth (Series A to C)

N

Nijhuis Water Technology Dinxperlo, Netherlands www.nijhuis-water.nl Investment focus:

M&A Acquirer Mercia Fund Management Ltd. Birmingham, UK www.merciafund.co.uk

N+1 Singer Advisory LLP London, UK www.n1singer.com

Investment focus:

Advisory focus:

Noerr LLP Munich, Germany www.noerr.de

Angel Funding

Financial advisory - M&A

Advisory focus:

Michelin Clermont-Ferrand, France www.michelin.com

National Australia Bank Ltd. Docklands, Australia www.nabgroup.com

Investment focus:

Investment focus:

Nord LB Hanover, Germany www.nordlb.de

Project sponsor

Debt provider

Investment focus:

Legal advisory - Project finance

Debt provider Midven Ltd. Birmingham, UK www.midven.com Investment focus:

VC - Early Growth (Series A to C) Mitsubishi Corp. Tokyo, Japan www.mitsubishicorp.com Investment focus:

Project sponsor, M&A Acquirer Mitsubishi UFJ Financial Group Tokyo, Japan www.mufg.jp Investment focus:

Debt provider Advisory focus:

Financial advisory - Project finance Mizuho Financial Group Tokyo, Japan www.mizuho-fg.co.jp Investment focus:

Debt provider

68

Neas Energy Ltd www.neasenergy.co.uk

Neas Energy are a well-established and respected PPA provider in Europe, operating since 1998 from our base in Aalborg, Denmark. Neas Energy Ltd has contracted renewable projects for 15 years Long term off take agreements, but also short term PPAs of 6 months duration. We are keen to provide the contracting structures, securities and PPA terms that are required to ensure project close. Currently Neas Energy Ltd has contracted capacity of over 300 MW in the UK which we expect to increase significantly by the end of 2014. Contact: Lars Weber Head of Sales [email protected] +44 (0) 1895 876 200

Clean Energy Pipeline

6-7 MaY

l SECC GlaSGow

Reach the largest gathering of renewables professionals anywhere in the UK

Directory

THE UK’s LARGEST RENEWABLE ENERGY EVENT

FREE TO ATTEND

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Register your interest in exhibiting or visiting 44 (0)20 8439 5560 ? [email protected]  www.all-energy.co.uk 2014 association Supporters

69

learned Society Patron

Directory

North West Equity Fund Lymm, UK www.nwef.co.uk

Clean Energy Pipeline

O

P

Oakapple Renewable Energy Ltd. Leeds, UK www.oakapple-energy.co.uk

Pacific Green Technologies Inc. San Jose, CA, USA www.pacificgreentechnologies.com

The North West Fund Warrington, UK www.thenorthwestfund.co.uk

Investment focus:

Investment focus:

Project sponsor

M&A Acquirer

Investment focus:

Octopus Investments Ltd. London, UK www.octopusinvestments.com

Parkwalk Advisors Ltd. London, UK www.parkwalkadvisors.com

NorthEdge Capital LLP Manchester, UK www.northedgecapital.com

Investment focus:

Investment focus:

Project sponsor

VC - Early Growth (Series A to C), Seed Financing

Investment focus:

Ofgem London, UK www.ofgem.gov.uk

Investment focus:

Seed Financing

VC - Early Growth (Series A to C)

PE - Development Capital Northland Capital Partners Inc. Toronto, ON, Canada www.northlandcp.com

Investment focus:

Partnerships for Renewables Ltd. London, UK www.pfr.co.uk

Grant & Government Funding

Investment focus:

Advisory focus:

Ogier Group LP Jersey City, UK www.ogier.com

Payar Investments Ltd. Kuala Lumpur, Malaysia

Norton Rose Fulbright LLP London, UK www.nortonrosefulbright.com

Advisory focus:

Investment focus:

Legal advisory - M&A

M&A Acquirer

Advisory focus:

Olleco Northampton, UK www.olleco.co.uk

Peel Hunt Ltd. London, UK www.peelhunt.com

Numis Securities Ltd. London, UK www.numiscorp.com

Investment focus:

Advisory focus:

M&A Acquirer

Financial advisory - Venture capital & private equity

Advisory focus:

Operis Group plc London, UK www.operis.com

Financial advisory - M&A

Legal advisory - Project finance, M&A

Financial advisory - M&A, Venture capital & private equity NVM Private Equity Ltd. Newcastle upon Tyne, UK www.nvm.co.uk Investment focus:

M&A Acquirer

Project sponsor

Advisory focus:

PensionDanmark A/S Copenhagen, Denmark www.pension.dk

Financial advisory - Project finance

Investment focus:

Project sponsor, M&A Acquirer Osborne Clarke Bristol, UK www.osborneclarke.com

Perwyn Ltd. London, UK

Advisory focus:

Investment focus:

Legal advisory - Project finance, M&A

PE - Development Capital

OTTO Group Hamburg, Germany www.ottogroup.com

Pinsent Masons LLP London, UK www.pinsentmasons.com

Investment focus:

Advisory focus:

VC - Early Growth (Series A to C)

Legal advisory - Project finance, M&A

Oxford Capital Partners Ltd. Oxford, UK www.oxcp.com Investment focus:

Project sponsor, M&A Acquirer, VC Early Growth (Series A to C)

70

Directory

Clean Energy Pipeline

PLATINA ENERGY PARTNERS LLP London, UK www.platinafinance.com

Q

Investment focus:

Qi3 Ltd. Cambridge, UK www.qi3.co.uk

M&A - Acquirer

Investment focus:

ABout:

Platina Energy Partners LLP is an independent European investment firm established in 2002. It focuses on renewable energy infrastructure project with a team of 20 professionals enjoying a track record of developing, financing, constructing, and operating over 700MW of on-shore wind and solar projects across Europe. The experienced team is based in London and Milan and has a track-record of delivering value to its investors comprising of leading institutional investors, pension funds and family offices. Contact:

Thomas Rottner Managing Partner [email protected] +44 207 042 9610

PriceWaterhouseCoopers London, UK www.pwc.com Advisory focus:

Financial advisory - Venture capital & private equity Primrose Solar Reading, UK www.primrose.co.uk

Angel Funding Quercus Assets Selection Sàrl Luxembourg, G.D. Luxembourg www.quercusassetselection.com Investment focus:

Project sponsor, M&A Acquirer

R Rabobank Utrecht, Netherlands www.rabobank.com Investment focus:

Debt provider RBC Capital Markets Inc. Toronto, ON, Canada www.rbccm.com Advisory focus:

Financial advisory - M&A Recresco Ltd. Nottingham, UK www.recresco.com Investment focus:

Project sponsor Reed Smith LLP London, UK www.reedsmith.com Advisory focus:

Legal advisory - Project finance

Investment focus:

M&A Acquirer Prosolia SL Spain www.prosolia.eu

The Renewable Financing Company London, UK therenewablefinancingcompany.com Investment focus:

Debt provider ABout:

The Renewable Financing Company (“TRFC”) is a dedicated lending platform to the renewable sector and Novatio Capital Limited acts as its administrator. TRFC offers three types of debt facility: • Construction Finance where we work closely with renewable developers, EPC contractors and equity sponsors to support them; • Asset Refinancing where we provide long term financing solutions for existing operational assets; • Sustainable Property Lending where we can provide a landowner with senior debt secured against the lease payment received from renewable assets. Contact:

Jean-Christophe Oberto Director of Novatio Capital Limited, Administrator of The Renewable Financing Company [email protected] +44 (0)207 074 0503

The Renewables Infrastructure Group Ltd. Guernsey, UK www.trig-ltd.com Investment focus:

Regional Growth Fund London, UK www.bis.gov.uk

Project sponsor, M&A Acquirer

Investment focus:

Grant & Government Funding

Investment focus:

Project sponsor

Renewable Energy Generation Ltd. St Helier, UK www.renewableenergygeneration. co.uk Investment focus:

Project sponsor, M&A Acquirer

71

Clean Energy Pipeline

Resonance Asset Management LLP London, UK www.resonancellp.com

RES (Renewable Energy Systems Ltd.) Kings Langley, UK www.res-group.com

The Royal Bank of Scotland plc Edinburgh, UK www.rbs.com

Investment focus:

Project sponsor

Investment focus:

Project sponsor, M&A Acquirer ABout:

RES is one of the world’s leading renewable energy companies, with extensive experience in developing, engineering, financing, constructing and operating utility-scale infrastructure projects across a wide range of low carbon technologies including wind, solar, marine, thermal, storage, transmission and demand-side management. RES has developed and/or constructed more than 140 projects globally, with a combined capacity of over 8GW. Its onshore asset management portfolio exceeds 1.3GW of installed capacity (owned both by RES and institutional investors).

Restore plc London, UK www.restoreplc.com

Investment focus:

Investment focus:

RBS has been the leading bank in the provision of finance to the UK renewable energy sector 2011-2013. With over 20 years of experience, our teams of specialists combine expertise across all mainstream generation technologies with a range of professional backgrounds including banking, law, engineering, accountancy and advisory. In addition, we have a dedicated in-house financial analytics and transactions team, making RBS one of the largest dedicated power project finance teams in the UK.

Debt provider ABout:

M&A Acquirer Robert Bosch Venture Capital GmbH Frankfurt, Germany www.rbvc.com Investment focus:

VC - Early Growth (Series A to C) Rothschild Group London, UK www.rothschild.com Advisory focus:

Financial advisory - M&A, Venture capital & private equity

Contact:

Contact:

Andrew Buglass Managing Director, Head of Energy [email protected] +44 (0)20 7672 3573

Simon Reader Head of Marketing [email protected] +44 (0)19 2329 9471

23 – 24 SEPTEMBER 2014 | DUBLIN CASTLE, DUBLIN, IRELAND

EUROPE’S LARGEST RENEWABLE ENERGY FINANCING EVENT

$

POLICY & REGULATION

Y

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1147.47 534.86 1444.18 253.08



U C SE

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G

INSTITUTIONAL INVESTMENT

ER

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12.52 9.9 29.24 54.25

Directory

1.55 -1.54 -2.42 6.57

0.14% -0.29% -0.17% 2.6%

587.22 1439.91 2636.42 394.49

-8.54 0.64 -15.7 1.41



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1147.47 534.86 1444.18 253.08

1.55 -1.54 -2.42 6.57

0.14% -0.29% -0.17% 2.6%

587.22 1439.91 2636.42 394.49

-8.54 0.64 -15.7 1.41

£€ -1.45% 0.04% -0.6% 0.36%

2729.37 489.24 1422.6 1028.54

-8.95 3.52 -3.37 9.81

-0.33% 0.72% -0.24% 0.95%

£ $ £ € $ £ $ £ € $ £ $ UNLOCKING CAPITAL FOR RENEWABLES £ € $ £ € $ £

72

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Directory

Clean Energy Pipeline

RSM Tenon Group London, UK www.tenongroup.com

Scottish Power Ltd. Glasgow, UK www.scottishpower.com

Siemens AG Erlangen, Germany www.siemens.com

Advisory focus:

Investment focus:

Investment focus:

Financial advisory - Venture capital & private equity

Project sponsor

VC - Early Growth (Series A to C)

Rurelec plc London, UK www.rurelec.com

Scottish Widows Investment Partnership Edinburgh, UK www.swip.com

Investment focus:

Investment focus:

M&A Acquirer

Project sponsor

RW Blears LLP London, UK www.blears.com

ScottishPower Renewables Glasgow, UK www.scottishpowerrenewables.com

Advisory focus:

Investment focus:

Legal advisory - Project finance

Project sponsor

RWE Innogy GmbH Essen, Germany www.rweinnogy.com

Secured Energy Bonds plc Double Bay, Australia www.energybonds.co.uk

Investment focus:

Investment focus:

Project sponsor

Project sponsor

Siemens Financial Services Stoke Poges, UK www.energyefficiencyfinancing.co.uk Investment focus:

Debt provider

S

Sembcorp UK Ltd. Middlesbrough, UK www.sembcorp.co.uk Investment focus:

Saudi Aramco Energy Ventures LLC (SAEV) Dhahran, Saudi Arabia www.aramcoventures.com

Project sponsor

Investment focus:

Investment focus:

VC - Early Growth (Series A to C)

M&A Acquirer

Schneider Electric SA Rueil Malmaison, France www.schneider-electric.com

Seraphim Capital London, UK www.seraphimcapital.co.uk

Investment focus:

Investment focus:

M&A Acquirer

VC - Early Growth (Series A to C)

Schofield Sweeney LLP Bradford, UK www.schofieldsweeney.co.uk

Shepherd and Wedderburn LLP Edinburgh, UK www.shepwedd.co.uk

Advisory focus:

Advisory focus:

Legal advisory - Venture capital & private equity

Legal advisory - Project finance

Seneca Global Energy Ltd. Hartlepool, UK

ABout:

The Energy Efficiency Financing scheme, a joint initiative between the Carbon Trust and Siemens Financial Services Limited (SFS) is designed to provide finance for a variety of energy-efficient equipment (from LED lighting and refrigeration systems to biomass boilers and solar PV panels) to a wide range of businesses. Designed to offset monthly equipment finance costs with the expected savings in energy costs – the scheme has already successfully provided green financing to over 1,500 projects. Contact:

The Energy Efficiency Financing Team [email protected] +44 (0)17 5343 4476

Signia Wealth Ltd. London, UK www.signiawealth.com Investment focus:

Scottish Enterprise Glasgow, UK www.scottish-enterprise.com

M&A Acquirer Silicon Valley Bank Santa Clara, CA, USA www.svbank.com Investment focus:

Shropshire Energy (UK) Ltd. Ely, UK

VC - Early Growth (Series A to C)

Investment focus:

Simmons & Simmons LLP London, UK www.simmons-simmons.com

Project sponsor

Investment focus:

VC - Early Growth (Series A to C), Seed Financing

Sidley Austin LLP Chicago, IL, USA www.sidley.com/

Advisory Focus:

Scottish Equity Partners LLP Glasgow, UK www.sep.co.uk

Advisory focus:

Simpson Thacher & Bartlett LLP New York, NY, USA www.stblaw.com

Legal advisory - Project finance

Legal advisory - M&A, Project finance

Investment focus:

Advisory focus:

M&A Acquirer, VC - Early Growth (Series A to C)

Legal advisory - Project finance, Legal advisory - M&A

73

Directory

Clean Energy Pipeline

SITA UK Ltd. Maidenhead, UK www.sita.co.uk

SSE plc Perth, UK www.sse.com

Synergy Energy Ltd. London, UK www.synergy-energy.co

Investment focus:

Investment focus:

Investment focus:

Project sponsor

Project sponsor, M&A Acquirer

Angel Funding

Slaughter and May London, UK www.slaughterandmay.com

SSE Renewables Holdings Ltd. Dublin, Ireland www.sserenewables.com

Synergy Growth UK

Advisory focus:

Investment focus:

VC - Early Growth (Series A to C)

Legal advisory - M&A

Project sponsor

Sofinnova Partners Paris, France www.sofinnova.fr

Statoil Technology Invest Stavanger, Norway www.innovate.statoil.com/ statoiltechnologyinvest

Investment focus:

Seed Financing, VC - Early Growth (Series A to C)

Investment focus:

Solarcentury Holdings Ltd. London, UK www.solarcentury.com/uk/

Stobart Group Penrith, UK www.stobartgroup.co.uk

Investment focus:

Investment focus:

Project sponsor

M&A Acquirer

The South West Devon Waste Partnership Plymouth, UK www.swdwp.co.uk

Strand Hanson Ltd. London, UK www.strandpartners.co.uk

Investment focus:

Financial advisory - M&A Sumitomo Corp. Tokyo, Japan www.sumitomoCorp.co.jp

VC - Early Growth (Series A to C)

Investment focus:

T Tamar Energy Ltd. London, 0, UK www.tamar-energy.com Investment focus:

Project sponsor Taylor Vinters LLp Cambridge, UK www.taylorvinters.com Advisory focus:

Project sponsor Sovereign Renewables Ltd London, UK Investment focus:

Advisory focus:

Investment focus:

M&A Acquirer

Project sponsor, M&A Acquirer Speechly Bircham LLP London, UK www.speechlys.com Advisory focus:

Investment focus:

Taylor Wessing London, UK www.taylorwessing.com advisory focus:

Legal advisory - Project finance ABout:

Sumitomo Mitsui Banking Corp. Tokyo, Japan www.smbc.co.jp Investment focus:

Debt provider

Legal advisory - M&A The Spencer Group Hull, UK www.thespencergroup.co.uk

Legal advisory - Venture capital & private equity

Sustainable Development Capital LLP London, UK www.sdcl-ib.com Investment focus:

Project sponsor

Project sponsor

Taylor Wessing is a leading international law firm with more than 1,000 lawyers across Europe, the Middle East and Asia. We have a long-standing international Energy group comprising more than 60 lawyers. Our renewable energy practice advised on some of Europe’s earliest renewable projects and continues to be an active player in the renewables sector. Contact:

Square One Law LLP Newcastle upon Tyne, UK www.squareonelaw.com

Sustainable Venture Development Partners Ltd. London, UK www.sustainableventures.co.uk

Advisory focus:

Investment focus:

Legal advisory - M&A

Angel Funding

Squire Patton Boggs Cleveland, OH, USA www.squirepattonboggs.com

Swire Pacific Ltd. Hong Kong, China www.swirepacific.com

The Technology Strategy Board Swindon, UK www.innovateuk.org

Advisory focus:

Investment focus:

Investment focus:

Legal advisory - M&A

VC - Early Growth (Series A to C)

Grant & Government Funding

Dominic FitzPatrick Partner, Head of Energy (UK) [email protected] +44 (0)20 7300 4689

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HEAR FROM EXPERT SPEAKERS INCLUDING: DOMINIQUE RISTORI Director General Energy EUROPEAN COMMISSION

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TLT LLP London, UK www.tltsolicitors.com Advisory focus:

Clean Energy Pipeline

VC - Early Growth (Series A to C) Advisory focus:

Financial advisory - Venture capital & private equity

Legal advisory - M&A, Legal advisory Project finance Torotrak plc Leyland, UK www.torotrak.com

Utilitywise plc South Shields, UK www.utilitywise.com Investment focus:

M&A Acquirer

U

V

UK Department of Energy and Climate Change London, UK www.decc.gov.uk

Vattenfall AB Stockholm, Sweden www.vattenfall.com

Tradebe Environmental Services LLC East Chicago, IN, USA www.tradebe.com

Investment focus:

Investment focus:

Grant & Government Funding

Project sponsor

Investment focus:

UK Green and Sustainable Waste and Energy Investment LP London, UK

Investment focus:

M&A Acquirer

Travers Smith London, UK www.traverssmith.com

Investment focus:

Velocita Energy Developments Ltd. London, UK www.velocitaenergy.com

M&A Acquirer

Investment focus:

Advisory focus:

UK Green Investment Bank London, UK www.greeninvestmentbank.com

M&A Acquirer

Project sponsor

Travis Perkins plc Northampton, UK www.travisperkins.co.uk

Investment focus:

Vitol Holding BV Rotterdam, Netherlands www.vitol.com

Debt provider, M&A Acquirer

Investment focus:

Investment focus:

UK Waste Resources and Energy Investments Fund London, UK

Legal advisory - M&A

M&A Acquirer

Trina Solar Ltd. Changzhou, China www.trinasolar.com

Investment focus:

Vitruvian Partners LLP London, UK www.vitruvianpartners.com

Project sponsor

Investment focus:

Investment focus:

Unicredit Spa Milan, Italy www.unicredit.eu

M&A Acquirer

M&A Acquirer

Triodos Renewables plc Bristol, UK www.triodos.com

Investment focus:

Vivergo Fuels Ltd. Hull, UK www.vivergofuels.com

Debt provider

Investment focus:

Investment focus:

Union Investment Group Frankfurt, Germany www.union-investment.com

M&A Acquirer

Project sponsor, M&A Acquirer

Project sponsor

Trowers & Hamlins LLP London, UK www.trowers.com

Investment focus:

Advisory focus:

UrbanWind Glasgow, UK www.uban-wind.co.uk

Legal advisory - Project finance

Project sponsor, M&A Acquirer

Turner & Co (Glasgow) Ltd. Glasgow, UK www.turner.co.uk

Investment focus:

Investment focus:

Urbaser SA Madrid, Spain www.urbaser.es

M&A Acquirer Turquoise International Ltd. London, UK www.turquoiseassociates.com Investment focus:

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M&A Acquirer

Investment focus:

Project sponsor

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W Wacker Chemie AG Munich, Germany www.wacker.com

WH Ireland Group plc Manchester, UK www.wh-ireland.co.uk Advisory focus:

Financial advisory - Venture capital & private equity

Investment focus:

Minority / Partnership Walker Morris LLP Leeds, UK www.walkermorris.co.uk

X Xylem Inc. Rye Brook, NY, USA www.xyleminc.com Investment focus:

White & Case LLP New York, NY, USA www.whitecase.com

M&A Acquirer

Advisory focus:

Legal advisory - Project finance

Advisory focus:

Legal advisory - Project finance Watson, Farley & Williams LLP London, UK www.wfw.com

William Tracey Group Linwood, UK www.williamtraceygroup.com Investment focus:

M&A Acquirer

Advisory focus:

Legal advisory - Project finance, Legal advisory - M&A

Wirsol Solar AG Waghäusel, Germany www.wirsol.de

Westmill Solar Farm Co-operative Ltd. UK www.westmillsolar.coop

Investment focus:

Project sponsor

Investment focus:

Project sponsor

77

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Clean Energy UK Finance Guide 2014

www.cleanenergypipeline.com

Published by Clean Energy Pipeline A division of VB/Research Ltd. Wells Point 79 Wells Street London, W1T 3QN, UK Copyright © 2005-2014 VB/Research Ltd.

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