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STAR Capital Partners funds Twinwoods CHP Project

31 July 2014

STAR Capital Partners (“STAR”), a leading European fund manager, announces the establishment of European Generation Ltd, a vehicle focused on investing in small scale renewables projects in the UK. European Generation has committed funding to Twinwoods Heat & Power Ltd (“THPL”), a company that was established to develop and construct a 3.4MW combined heat and power facility on the Twinwoods Industrial Park in Bedfordshire.

THPL has already commenced a 14 month construction programme and, once complete, the plant will utilise c. 40,000 tpa of locally sourced waste wood that would otherwise have been exported or landfilled. Power from the project will be sold to the grid and on-site users. Heat can be provided to on-site users and the project will qualify for revenue support under the UK government’s 20-year ROC regime. STAR worked with B&W Waste Management (the original project developer) and EIDC to bring together a group of equipment suppliers as an integrated team, under the overall management of Saxlund International.

The investment is attractive to STAR as it has an existing grid connection, full planning permission and environmental consents with significant infrastructure already built and funded by the previous investors and lenders. STAR acquired THPL in a transaction agreed with the controlling lender.

The transaction was funded by a group of investors connected with STAR and the STAR Funds. It demonstrates STAR’s ability to continue to originate and execute exclusive deals in its core sectors.




STAR Capital Partnership LLP

15th Floor, 33 Cavendish Square
London W1G 0PW
United Kingdom

Tel: +44 (0)20 7016 8500
e-mail: mail@star-capital.com

Important Notice: we have become aware that an organisation with a similar name has been targeting individuals in the UK through unsolicited calls to make cryptocurrency investments. Our firm, STAR Capital Partnership LLP, does not engage in this type of activity.  Please see here for information on how to protect yourself from financial fraud and, if you have fallen victim to it, please report it to the UK Financial Conduct Authority by telephone or email: https://www.fca.org.uk/consumers/protect-yourself-scams.