We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Funding - Biomass Boiler & Grid Balancing Projects

20 Oct 2016 07:00

RNS Number : 9967M
Aggregated Micro Power Holdings PLC
20 October 2016
 

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.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCBRBDGSDBBGLC

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.