20 Oct 2016 07:00
Aggregated Micro Power Holdings plc
("AMPH", the "Company" or the "Group")
Funding for Biomass Boiler Portfolio and Grid Balancing Projects
Aggregated Micro Power Holdings plc, (AIM: AMPH), which specialises in the sale of wood fuels and the development of distributed energy projects, announces that it has secured further funding for the financing of its biomass boiler portfolio and future grid balancing projects from Aggregated Micro Power Infrastructure 2 plc ("AMPIL2"), a newly launched vehicle which has raised an initial £10.17 million in the form of 8% loan notes, listed on the Cayman Islands Stock Exchange.
Richard Burrell, CEO of AMPH, said:
"We are delighted to have secured further capital to support our growing pipeline of projects. Together with the capital raised by the first AMPIL vehicle (£12.4 million), AMPH now has a further £10m available to support its growing portfolio of distributed energy projects."
AMPIL2 is a special purpose vehicle which is wholly owned by Law Debenture Intermediary Corporation plc as trustee for general charitable purposes. AMPIL2 can issue listed loan notes on a regular basis to fund renewable energy projects acquired from AMPH and/or other developers.
Enquiries:
Aggregated Micro Power Holdings plc www.ampplc.co.uk
Richard Burrell, CEO Tel: 020 7382 7800
Neil Eckert, Executive Chairman
finnCap Ltd (NOMAD & Broker) Tel: 020 7220 0500
Ed Frisby/Simon Hicks (corporate finance)
Stephen Norcross (corporate broking)
Haggie Partners (Financial PR) Tel: 020 7562 4444
Peter Rigby/Brian Norris
Notes to Editors:
About Aggregated Micro Power Holdings plc
The AMP Group was established to develop, own and operate renewable energy generating facilities. It specialises in the sale of Wood Fuels and in the installation of distributed energy projects. AMP's wholly owned subsidiary Forest Fuels sells high quality wood chip and wood pellet to end customers throughout the UK, while its projects division installs biomass boiler and biomass CHP systems for a wide range of applications and customers. AMP is also active in developing projects for stand-by power generation facilities which aim to balance the transmission grid at times of peak demand.