The Power Purchase Agreement (PPA) follows similar transactions already in place with Marks & Spencer to supply the retailer with renewable power from Infinis’ onshore wind farms. Eric Machiels, chief executive of Infinis Energy, said: “We are delighted that Lloyds Banking Group has chosen to source its renewable power from Infinis. Not only is this an important win for Infinis but Lloyds is among the leaders in responsible business practices and we are delighted to help them play a role in the acceleration to a sustainable low carbon economy”. “Corporations are becoming increasingly sophisticated in their understanding of the energy market and how they can interact with it. There is tremendous scope to expand and deepen the use of this particular PPA model which provides Infinis with guaranteed and stable revenues despite the volatile power markets. This is an excellent example of our strategy to seek secure, long-term supply agreements with our partners.” The terms
24 Feb '15
Infinis Energy Plc, a U.K.-based clean-energy developer backed by Guy Hands’s private-equity firm, signed a deal to supply Lloyds Banking Group Plc with renewable power from landfill gas sites. Lloyds will buy about 113,800 megawatt-hours of clean energy from Infinis every year for 10 years. That’s enough to power about 1,700 of its branches, Infinis said in an e-mailed statement. No terms were disclosed. “Corporations are becoming increasingly sophisticated in their understanding of the energy market and how they can interact with it,” Eric Machiels, chief executive of Infinis, said in the statement. “There is tremendous scope to expand and deepen the use of this particular power-purchase agreement model, which provides Infinis with guaranteed and stable revenues despite the volatile power markets.” Infinis on Feb. 16 said it’s set to deliver as much as 150 megawatts of onshore wind power by 2017. Hands’s Terra Firma Capital Partners Ltd. in December said it’s considering selling its 68.6 percent stake in Infinis.
19 Jan '15
RE: Infinis SP
They are falling because the power price is weak but mainly because Terra Firma has said it is examining options for selling and so the mkt is driving down the price in anticipation of this. Not great but div is still probably okay (for now) and so big yield at this price although probably not great intrinsic value as EV/EBITDA ratio is still quite high.
15 Jan '15
Can anyone advise why the Infinis SP fell so much in the last few days? What changed in the last few days, other than the SP. Thanks.
15 Jan '15
Does any one have any insight on Infinis? How long is the bid period? what if scenarios would be great if one of you educated share people have the time and inclination to share;0)
17 Dec '14
Infinis Bid situation
Infinis in Bid situation talks terra Firma-Backed Infinis Profit Rises 18% on Windy Weather Guy Hands’s Terra Firma Capital wants to sell shares..
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