Bloomberg NEF names Terra Firma top venture capital & private equity investor in clean energy for 2011

January 22nd, 2012 by Terra Firma

Terra Firma, the European private equity firm, has been confirmed by Bloomberg New Energy Finance as the leading Venture Capital and Private Equity investor in its 2011 clean energy league table awards.

The award is based upon the aggregate value of the three acquisitions that Terra Firma completed in 2011 which have created the RTR Group (“RTR”), the leading producer of solar electricity in Italy.

In March, Terra Firma acquired RTR, a portfolio of photovoltaic (PV) plants from Terna, the operator and principal owner of Italy’s high-voltage grid.

The plants had a total installed capacity of 144MW, making the acquisition the largest in solar generation in Europe.

In May, RTR announced the acquisition of plants from Sorgenia Solar, adding a further 19MW to its total installed capacity.

In July, RTR announced the acquisition of a further 10 PV plants from Terna. The acquisition raised RTR’s installed capacity to 241MW.

In addition to these three acquisitions, Terra Firma’s capital expenditure across its three renewables businesses, including Infinis in the UK and Everpower in the US, in 2011 was over €250 million.

Commenting on the award, Guy Hands, Chairman and Chief Investment Officer of Terra Firma said “we are delighted to have won this award. It confirms our commitment to the renewable energy sector.

“Terra Firma has been an active investor in renewable energy since 2003 when we acquired Waste Recycling Group.”

“We quickly started to develop its then small landfill gas business into what is now the UK’s leading independent pure renewable energy generator – Infinis.”

“Our belief in the potential of renewable energy and our experience with Infinis led us to invest in wind energy development in the US in 2009 and then, in 2011, in solar generation in Italy through RTR.”

“We see RTR as a platform upon which to build further.”


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