The Ludgate Environmental fund has invested £1.43m in Dutch wind turbine manufacturer Emergya Wind Technologies (EWT).
Ludgate says the investment will capitalise on strong global demand for wind turbines and turnkey wind parks. The investment will be in two year secured loan notes with warrants attached. The loan notes have an 8% coupon and the warrants are convertible into ordinary EWT shares. Part of Antwerp-based investment company AtlasInvest’s €20m fund raising, the EWT capital injection will be used to repay existing loans and for working purposes. Ludgate Investments director Nick Pople says wind energy is one of the fastest growing renewable energy areas. “24% of new power generating capaci...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
