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Portfolio

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Sector

Utilities

Location

UK

Entry date

March 2014

Exit date

N/A

Fund

Other

Status

Current


Overview

In April 2014, STAR established European Generation Ltd to invest in Twinwoods Heat & Power Ltd (“Twinwoods”), a company that was set up to develop and construct a 3.4MW combined heat and power (“CHP”) facility on an industrial park in Bedfordshire.

Twinwoods was a partially complete waste wood CHP plant, controlled by a senior lender following failure of the original project sponsor. This acquisition represented an opportunity to invest in a CHP plant grandfathered into an attractive subsidy for the long term. There was potential to expand into other assets but the UK’s renewables regime has become less attractive for new assets and Twinwoods remains a standalone investment.

The management team is in the final stages of commissioning the facility.

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Contact

Map

Map

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.