Berti Invests in Belltown Power to Help Drive UK Renewables Sector

 

Berti Investments today closed its seventh investment since launching in 2011, investing in Belltown Power, a company designated to building, owning an operating renewable energy sites around the UK. Belltown Power is supported by £50M of investment capital which it plans to utilise in building 30MW of operating power across a range of technologies including Wind, Solar PV, Hydro and Biomass heat. When constructed, Belltown Alpha Renewables assets will power up to 10,000 homes from renewable sources, offsetting over 23k tonnes of Co2 emissions.

Belltown has also partnered with Alpha Renewables to form Belltown Alpha Renewables, a company with which will be managed by Belltown Power and which bring in the resources for project finance. Belltown Alpha Renewables anticipates funding 100 percent of the construction costs of projects without the use of any external financing.

Belltown’s focus on small and medium scale projects (typically below £10m investment size) allows the company to use utility scale equipment manufacturers and construction partners while focusing on projects that are too small for traditional infrastructure investors. The projects will be spread around the country and diversified in size and technology.

Belltown Power was formed by Michael Kaplan formerly of Albion Ventures and Tom Hill-Norton, formerly of Guinness Asset Management and Andy Black, formerly of Garrad Hassan to bridge the gap between traditional fund investors and small scale renewable energy development companies. The company brings together renewable energy investment experience with unique operational capabilities in small and medium scale renewable energy.

“The UK is facing an energy shortage in the coming years and renewable energy will be an increasingly important a part of the energy mix. No one technology is the solution and, just like the UK as a whole, we plan on building a diversified portfolio of generating assets,” said Belltown Power CEO, Michael Kaplan.