19th Oct 2009 10:23
Ludgate Environmental Invest Further EUR2.3M in agri.capital
Ludgate Environmental Fund (LEF.L and LEFW.L), an investment company focused on the environmental/cleantech sector, announces that it has invested a further EUR2.3 million into agri.capital in the form of 10% preferred stock with detachable warrants. LEF's total investment in the company is to EUR7.3 million.
The company will use the new funds for organic growth, acquisitions and to expand its presence in Europe.
agri.capital operates and manages 44 sites with an installed capacity of approximately 32 MW and expects to increase this total to 51 MW by the end of 2009. The company has a further pipeline of over 80 sites (74 MW) under construction or in development and possible acquisitions of approximately 114 MW.
About agri.capital:
agri.capital uses manure and various crop silages as feedstock to produce biogas as they decompose. This methane-rich gas mixture is either burned onsite to create electricity or cleaned to biomethane and fed into the existing German natural gas network. The fermentation residue is used as a high-quality fertilizer, returning nutrients to the soil.
agri.capital is Europe's largest biogas company and a leader in renewable energy generation. The company was established in 2004 and develops, owns and operates biogas to power and biomethane to pipeline operations in Germany and Austria.
Website: www.agri-capital.de
About Ludgate Environmental Fund:
Ludgate Environmental Fund Limited ("LEF" or "the Fund") is a Jersey domiciled closed-ended investment company listed on AIM in August 2007. LEF has total net assets of approximately £50 million.
As an active manager, LEF invests in growing environmental/cleantech companies. There is strong stimulus to growth in this sector from: increasing strains on natural resources; rising concerns over waste and pollution; increasing public support; and maturing environmental technologies. Focus sectors of the Fund include alternative energy; waste management and resource recovery; energy efficiency; water management; industrial process advances and emission reduction technologies.
Website: www.ludgateenvironmental.com
Media Enquiries:
David Hopkins, Carbon International PR
+44 (0)20 7483 7202
Ludgate Environmental Fund:
Chairman, John Shakeshaft
+44 (0)20 7591 4800
Ludgate Investments Limited:
Nigel Meir
+44 (0)20 7621 5770
NOMAD - PricewaterhouseCoopers LLP:
Melville Trimble
+44 (0)20 7213 8898
Broker - Matrix Corporate Capital LLP:
Paul Fincham
+44 (0)20 3206 7175
Related Shares:
LEF.L