Earth Capital Partners raises renewable energy infrastructure fund

16 December 2009

London-based asset manager Earth Capital Partners (ECP) has held a first close on its renewable energy infrastructure fund, ECP Renewable Energy Fund One, which is targeting up to €750m of investment.

The fund will invest in solar, biogas and biomass projects in Europe, the Middle East and North Africa, and its final close is expected to take place by the end of November 2010.

Ben Cotton, partner of ECP said, ‘The fund provides a vehicle for institutional investors to engage in infrastructure energy projects which move us towards a low carbon economy. Reaching first close for this fund is proof of concept of the ECP model, and we expect to bring electricity online from renewable sources within the next 12 months.’

ECP, which specialises in advising on sustainable development investments, will act as the investment advisor to the fund’s investment manager. ECP intends to advise on the deployment of capital into sustainable assets, whilst responding to a wide range investor needs and priorities. ECP’s proprietary Earth Dividend will provide an annual measure of contribution to sustainable development from the fund’s operating assets, across five categories of environmental, social and governance issues. ECP’s renewable energy team is led by Christoph Waltenspul, who joined the firm in March 2009.

ECP recently appointed E.ON Climate & Renewables to play a key role as its primary industrial service provider, providing technical skills and industrial experience in project development, operation and maintenance of assets.

Copyright © 2009 NewNet

Tags: energy efficiency

This story was published on Wednesday, December 16th, 2009 at 1:03 pm and is filed under North America, energy efficiency, funds. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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