Low carbon energy

In the private equity sector the company is focused on the low carbon sector , & holds positions at both the Corporate and Project level in Ireland, the UK , France & North America

Investments include:

Terrestrial Energy

Investment date : 2015

Terrestrial Energy , based in Ontario Canada, is a fast growing company seeking to exploit the inherent safety profile and significant cost advantages of next generation nuclear energy.. This game-changing technology has the potential to compete with un-abated fossil fuels - including coal  - while offering a zero meltdown risk and very low CO2 emissions.   http://terrestrialenergy.com/

 

Amarenco Solar Ireland

Investment date : 2014

Joint venture with Amarenco Solar ( www.amarencosolar.com ) to develop ground mounted solar photovoltaic plants in Ireland.

Established in 2014, the company is initially developing 50 MW of consented and grid connected solar PV plants in the south of the country. Ireland is one of the only European countries not to have a solar PV industry – the UK by comparison has over 4GW of installations. In Q2 2015 Macquarie Capital took a 50% stake in the company in return for providing development and working capital.

www.amarencosolar.com

 

Tidal Lagoon Swansea Bay

320 MW tidal range hydro-energy project

Status : DCO recommendation 

Investment date : 2013

This is the first of a number of innovative hydro-energy projects based on Tidal Range technology. The first, planned for Swansea bay in Wales, will have a nominal capacity of 320 MW. It will use low-head turbines to generate an annual output of c 400 GWhr. The UK has the second highest tidal range in the world after Canada and the technology potentially offers significant predictable renewable energy generation of up to 10% of the UK's requirements. The project is backed by an experienced development company with a strong track record in renewable energy  & offers significant community gain and local employment opportunities.

Government have indicated support for the project , provided a clear pathway to cost reduction can be demonstrated for further projects to be built at scale. It is an attractive option as these could be built out rapidly, allowing the country to further diversify it's renewables mix. Other marine-based renewables such as tidal stream & wave are at least a decade behind.

As of Q1 2015 a recommendation has been submitted by the UK's National Infrastructure Planning authority and the project is expected to receive a development consent order ( DCO )  in Q2. Seperately the company is engaged in detailed negotiations with the DECC on a strike price. 

www.tidallagoonpower.com

 

Mainstream Renewable Power

Offshore & Onshore Wind Farm developer with a c 16.5 GW development pipeline

Status : Development consenting/construction & operation

Investment date: 2012

Mainstream is a global offshore and onshore Wind development company operating in Europe, South America, Canada, and South Africa. In Europe, the Company is primarily focused on developing a major North Sea concesssion in partnership with Siemens for the supply of offshore wind power to the UK . As of 2015  , the first phase ( some 2 GW ) of this project has been consented pre-sold to Dong Energy. The next phase , for a further 2GW, is in the planning process with a DCO anticipated early in 2016. 

Mainstream has also received final development consent as well as a crucial contract for difference (CFD) for it's Scottish offshore project , with a capacity of 450 MW. It is now in the process of securing development funding for this with completion expected by 2020. 

www.mainstreamrp.com

 

 

Realised investments:

 

Ferrassieres Energy

2010-2012

In 2010 Southgate co-invested alongside Oyster Investments directly in two utility scale photovoltaic (PV) power plants in Southern France. The plants have a total capacity of 3 MWp and were developed and are operated by International Energy Investments Group. We exited this investment in 2012 by way of a sale of the assets to a co-investor.

Ferrassieres Energy >>

 

SWS Energy

2008-2010

SWS was established in 2001 to focus on renewable energy concentrating on Wind Energy, Biomass WTE and Forestry. In 2009 SWS National Resources was acquired by Bord Gais for over €500million. We co-invested in SWS along with Ion Equity as part of a private equity placing equity placing in 2008 and exited on sale of the company to Bord Gais Eireann.

SWS National Resources >>

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SOUTHGATE GROUP

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