Greensphere Capital LLP

Greensphere Capital Relocates Office

London

May 1 2013

Greensphere Capital is pleased to announce that due to expansion and growing team numbers the company has relocated to a new office in Westminster.

You can now find Greensphere at the following address:

King’s Building
7th Floor
16 Smith Square
London
SW1P 3HQ.

This is also our registered address.

After an extensive search, Greensphere feels fortunate to have found quality accommodation in the central location of Westminster. Greensphere looks forward to welcoming all to the new office.

For more information please contact:

Sophie Morris
Executive Assistant
Greensphere Capital LLP
Phone: + 44 (0) 203 6978 956
Email: sophie@greenspherecapital.com

Greensphere Capital
Invests in Greenlight AD Power

London

November 28 2012

Greensphere Capital is delighted to announce an investment in Greenlight AD Power. Greensphere Capital is committing an initial investment of £16 million into the construction of a 5.1 MW capacity AD plant in Teesside, with a view to rolling out further plants at pre-identified sites in what is likely to be the leading Anaerobic Digestion (AD) platform in the UK.

Growing to 6 plants across the UK, the platform will entail an investment plan of about £100 million over the next 5 years. The platform will be established through a holding company, Greenlight AD Power, in partnership with Earthly Energy Limited.

Jon Moulton, Chairman of Greensphere Capital said, “I have made a good living from eliminating waste. This investment not only eliminates waste, it makes money from it and helps the environment."

Divya Seshamani, Managing Partner of Greensphere Capital added, “Greensphere’s strategy is to help build a platform of low-cost, flexible AD plants based on sound technology and secure feedstock contracts. The use of AD technology for the upgrading and treatment of waste, adds to the stock of sustainable infrastructure in the UK as well as providing a valued source of renewable power. We are excited to work with Earthly Energy to create such a platform”

Earthly Energy Ltd is at the forefront of AD development in the UK and has been developing the proposed platform for over 5 years. The company has secured sites that are strategically placed in order to service the waste to energy requirements of a blue-chip customer base.

In addition to Earthly Energy, Greenlight AD Power will be working with BioConstruct GmBH to provide the technology for the AD plants.

Robert Starling, CEO of Earthly Energy commented, “We recognised early on the need to establish a supply chain together with a credible technology partner with proven experience of delivering best-in-class AD facilities. BioConstruct is the ideal partner.”

When fully constructed and operational, the six AD plants will deliver a combined capacity of in excess of 30 MW of electricity to the national grid and in doing so will process over 550,000 tonnes of waste the majority of which would otherwise be destined for landfill disposal. Furthermore, approximately 15,000 tonnes of CO2e emissions will be avoided per plant per annum. This programme, which has been 5 years in the making, takes AD to an industrial scale in the UK.

Part of taking AD to an industrial scale in the UK has entailed creating a credible training and development programme to complement the platform’s need for trained AD operators. Earthly Energy’s focus on producing trained, accredited individuals was particularly compelling to Greensphere Capital.

Vince Julier, Partner at Greensphere Capital said, “Greenlight AD Power, in partnership with Earthly Energy, is committed to delivering a first class, accredited training programme for all employees, setting a new benchmark in the AD industry and bringing into the UK leading technology for the new and growing UK AD market. The first plant alone will create around 21 new full time employees, with over 40 jobs involved during construction."
Another key challenge identified in building an industrial scale AD platform is the successful deployment of the logistics required to deal with the large tonnage of waste being moved to each plant. Greensphere Capital is proud to announce that it secured the Stobart Group as a key co-investor in the platform.

Vince Julier added, “Greensphere sees Stobart’s involvement as a key value-added co-investor in the Greenlight AD Power platform as an important element in the stable and successful growth of the platform. Stobart Group’s deep logistics knowledge and biomass experience will complement Earthly and BioConstruct’s specific domain expertise perfectly.”

Richard Butcher (CEO Stobart Estates) commented, “This is an excellent investment opportunity for us, alongside credible co-investors. There will potentially be significant Transport opportunities for Eddie Stobart Ltd together with Civils opportunities for Stobart Developments and the involvement with AD will complement our existing Stobart Biomass business.”
Shaun Kingsbury, Chief Executive Officer of the UK Green Investment Bank said; “This Greensphere-led project typifies the kind of investment the Green Investment Bank was set up to make. It injects capital alongside the private sector into one of our priority investment sectors, providing the additional funding required to enable these projects to proceed. The plant will also add to the UK’s electricity generation capacity whilst realising significant environmental benefits, including the diversion of waste from landfill.”

About Greensphere Capital

Greensphere Capital LLP ("Greensphere") is a specialist investment firm focused on sustainable energy and infrastructure. It was set up to bring discipline and rigour to sustainability and clean energy investing and focuses on supporting investments that enable current infrastructure to function more efficiently and on a more sustainable basis. Greensphere capital focuses 5 key investment sectors; Water, Waste, Distributed Generation, Energy Transmission and Distribution (including gas) and Infrastructure Efficiency.

UK Green Sustainable Waste and Energy Investments fund (UKGSWEI) is managed by Greensphere on behalf of the UK Green Investment Bank. UKGSWEI has invested £8 million in the project. Greensphere Capital invested an additional £8 million in matching private sector funding, raising the total equity investment to £16 million.

About Earthly Energy

Earthly Energy is a managed service provider within the Bio-fuels and Bio-gas sector operating in the UK and Europe. The group is at the forefront of this type of application within the Industry. Earthly Energy sources the raw materials & feedstock, in many cases directly from the supplier. The group also has an established customer base for finished products. Earthly Energy‘s approach is to win customers through offering a high quality end product whilst being able to manage the total life cycle of all materials used in the manufacturing process and thereby guaranteeing sustainability. Earthly Energy is based in Middlesbrough. See: www.earthlyenergy.eu

About Stobart Group

Stobart is listed on the London Stock Exchange in the FTSE 250 (LSE:STOB). With over 6,600 employees operating from more than 50 sites across the UK and Europe, Stobart is a UK front-runner in the multimodal logistics, warehousing, civil engineering, rail infrastructure and biomass fuel sectors. At the core of the Group is the Transport and Distribution division, incorporating Eddie Stobart – the iconic name behind a huge road haulage fleet totalling some 2,500 vehicles, over 4,000 trailers and over seven million square feet of warehousing. Stobart Estates, Stobart Infrastructure and Civils, Stobart Air and Stobart Biomass divisions complete the Group’s business structure. See: www.stobartgroup.com

About BioConstruct GmbH

Under the slogan “Intelligent biogas plants”, employees of BioConstruct GmbH have been constructing turnkey biogas systems since 2001.
The projects completed by the company to date, which range from agricultural biopower plants that solely process renewable raw materials and industrial pure waste fermentation systems to co-fermentation plants for liquid manure and organic residue, are testimony to its wide-ranging experience. Since it was founded in 2001, BioConstruct has successfully commissioned over 150 plants with a combined output of over 80 megawatts.
The technology used in BioConstruct biogas installations meets the most rigorous standards and is permanently monitored by a fault management system. The plants are meticulously planned, exceedingly low-maintenance and furnish demonstrably higher yields as a result. See: www.bioconstruct.com

About UK Green Investment Bank

The UK Green Investment Bank was established by the UK Government to invest in green infrastructure projects focusing on five priority sectors. It will accelerate private sector investment in the UK’s transition to a green economy. The Government has allocated £3bn for the bank to invest, on sound financing principles, by April 2015. Offshore wind power generation, commercial and industrial waste processing and recycling, energy from waste generation, non-domestic energy efficiency and support for the Green Deal will be the first priority sectors. Headquartered in Edinburgh, the Bank received state aid approval from the European Commission in October 2012.

Press Contacts:

Divya Seshamani
Managing Partner
Greensphere Capital LLP
Tel: 0207 355 6925
E-Mail: divya@greensphercapital.com

Vince Julier
Partner
Greensphere Captial LLP
Tel: 0207 355 6926
E-Mail: vince@greenspherecapital.com

Greensphere Capital
Win UK Government Mandate

London - Greensphere Capital LLP (Greensphere) is pleased to announce that it has been chosen as a fund manager by the UK Government, having been supported by EIDC. The move represents a landmark investment in green infrastructure whereby the UK Government is investing directly, on fully commercial terms, ahead of obtaining state aid approval for the UK Green investment Bank (GIB).

After an extensive process to which 23 managers applied Greensphere, working with EIDC, were selected as one of two specialist fund managers. An initial £80 million has been committed to the managers for investments in the small scale waste infrastructure sector. All Government investments made by the fund managers will be match-funded, leveraging in at least £80 million more into the projects.

For this mandate, Greensphere will be responsible for generating and managing investments in areas such as waste recycling and reprocessing facilities, pre-treatment projects and energy-from-waste projects. Greensphere's primary investment strategy is investing in improving efficiency and upgrading infrastructure assets in sectors such as distributed power, waste, transportation and logistics, energy mid-stream (transportation, distribution and storage of energy) and water.

Jon Moulton, Chairman of Greensphere Capital, commented "The mandate from the UK Government represents a significant win for Greensphere. It represents a vote of confidence in Greensphere's team which is extremely pleasing to see."

Divya Seshamani, Managing Partner of Greensphere Capital sees the relationship with the UK Green Investments (UKGI) as significant for the sector. She said: "We are excited about the opportunity to work with the Government on leveraging capital into the UK green infrastructure sector. Large, high-quality institutional investors look to invest through institutional-grade fund teams. Greensphere Capital has built a blue-chip team with a keen focus on creating value for these investors."

Commenting on Greensphere's investment strategy, Vince Julier, Partner of Greensphere Capital said: "A key capability that Greensphere brings is the ability to partner with industry leading specialist developers in each of the sectors we focus on. " Julier believes this strength allows Greensphere to access proprietary deal pipeline in sectors where many propositions are not "investible".

The mandate with the UK Government exemplifies Greensphere's innovative strategy of working with a few large, high-quality investors on a bespoke basis rather than a traditional private equity fund structure which Greensphere sees as outmoded for the infrastructure sector.

For more information please contact:

Divya Seshamani
Managing Partner
Greensphere Capital LLP
Tel: 0207 355 6925
E-mail: divya@greenspherecapital.com

Vince Julier
Partner
Greensphere Capital LLP
Tel: 0207 355 6926
E-mail: vince@greenspherecapital.com

About Greensphere Capital:

Greensphere Capital LLP ("Greensphere") is a specialist investment firm focused on sustainable energy and infrastructure. It was set up to bring discipline and rigour to sustainability and clean energy investing and focuses on supporting investments that enable current infrastructure to function more efficiently and on a more sustainable basis.

For more information visit www.greenspherecapital.com

About EIDC:

For more information visit www.eidc.co.uk

About UK Green Investments:

The Government is investing as UK Green Investments (UKGI) in green infrastructure projects from April 2012 focusing on the GIB's five priority sectors, ahead of obtaining state aid approval for the GIB.

The GIB is designed to accelerate private sector investment in the UK's transition to a green economy. Offshore wind power generation, commercial and industrial waste processing and recycling, energy from waste generation, non-domestic energy efficiency and support for the Green Deal will be the first priority sectors for the GIB, subject to approval by the European Commission.

The Government is committed to setting the UK firmly on course towards a green and growing economy. The transition to a green economy presents significant growth opportunities for UK-based businesses, both at home and abroad. This progression requires unprecedented investment in key green sectors. An estimated investment of up to £200 billion in the energy system alone is needed over the period to 2020. The GIB will be uniquely placed to facilitate the transition to a green economy base by addressing the market failures affecting green infrastructure projects. These failures have led to significant under investment in the key areas required to deliver this transition. Capitalised with £3 billion, the GIB will complement other green policies to help accelerate additional capital in green infrastructure.

The UK Green Investment Bank (GIB) will be based in Edinburgh and London. The headquarters of the GIB will be located in Edinburgh, with the GIB's main transaction team based in London. This arrangement will enable a greater commercial reach nationally than could be achieved from one location