All posts by louise

Stefano Salerno

Stefano is a chartered engineer who has recently joined Armstrong Energy bringing with him more than 9 years experience in solar and renewable. He has held leading roles at a range of private equity and investment funds. He has also covered EPC construction and O&M leadership roles in the solar sector industry.

He was formerly the Head of Portfolio Management at NextEnergy Capital, a London Stock Exchange listed fund, leading the set-up of the business unit totalling £480 million under management. Before NextEnergy Capital, Stefano was the Senior Asset Manager at Low Carbon, a private equity fund, where he built, maintained and managed in excess of £200 million solar assets. He also worked as an Asset Manager for Novenergia II Sicar, a Portuguese investment fund, with more the £1 billion renewable assets under management and also held the position of Head of Operation & Maintenance at Belectric, one of the word’s largest construction and maintenance operators.

Stefano holds a Masters in Mechanical Engineering from the University of Ferrara.

Alberto Bernardini

Alberto has recently joined Armstrong Energy as an Investment Associate. He has a broad range of international experience working with renowned companies such as Enel, Leonardo S.p.a. and KPMG. In mid 2017, Alberto moved to the U.K from Abu Dhabi after working for over two years as an Associate Professional in the Finance team at the International Renewable Energy Agency (IRENA) where he collaborated with multiple parties in scaling up financing in developing countries across the world.

Alberto holds a Bachelor’s degree in Business Economics from the Bocconi University in Milan, as well as a Masters in Management, with a specialism in Finance, from the Louvain School of Management (High Honours) in 2013. Alberto is also a Certified Expert in Climate & Renewable Energy Finance from the Frankfurt School of Finance & Management.

Rodolfo Bigolin

Rodolfo has recently joined Armstrong Energy and brings with him a wealth of experience in the renewable energy sector: he began his career in the renewables field in 2008, developing and constructing PV projects across Italy, before going on to hold senior roles for both US and Chinese solar manufacturers. He subsequently joined Hideal Partners as Business Development Manager where he worked on several infrastructure M&A transactions across Europe. He then moved to NextEnegy Capital as Vice President where he lead the set-up of the private equity fund ‘NextPower II’ which raised €150 M.

Land acquired in Middlesborough for Tourian’s end-of-life plastics recycling plant

Iodic Holdings limited, a company advised and asset managed by Armstrong Energy, is pleased to announce it has secured 4 acres of land at the Wilton International Site in Middlesbrough. The land has been secured under option, subject to planning permission, for Tourian Renewables Limited, another Armstrong company, to build a plant that will process 20,000 tonnes per year of end of life plastics. A full planning application will be submitted this month.

Iconic Knoll House Hotel acquired by Kingfisher Resorts Studland Limited (“Kingfisher”), an Armstrong Energy portfolio company

Kingfisher is a UK focused tourism and leisure company, and is a joint venture between the Armstrong Energy Team and the founding members of Kingfisher, who have a long track record in both UK and European luxury hotels and resorts. The teams have previously worked together on the UNA St Ives project and hope that Kingfisher Studland will further cement the strong relationship between the two teams and pave the way for future leisure deals.

The Knoll House Hotel is not just an operational asset but offers a rare redevelopment opportunity in an outstanding location. Nestled within an area of Outstanding Natural Beauty and surrounded by National Trust owned land, this unique location on the Dorset coastline is across the bay from Poole Harbour and Sandbanks, which has some of the most valuable real estate in the UK.

Subject to planning permission, management is seeking to redevelop the entire site into a luxury 30 key 5* hotel and apartment complex comprising around 60, 2-4 bedroomed apartments. Planning permission is to be sought in conjunction with the National Trust and it is the hope that the redevelopment will not only provide necessary rejuvenation of the hotel, but also local jobs and an increase in accommodation which will benefit the local economy.

Zivile Miliunaite

Zivile joined the Armstrong Energy asset management team in February 2017. Prior to this she spent 3 years working as an assistant management accountant for Just Eat, a FTSE 250 business. As a part of the international Finance Team she was responsible for finance function and controls of international entities.

Zivile holds a BSc in Civil Engineering and MSc in Business Management and Administration from the VGT University of Lithuania. She is currently working towards an ACCA professional qualification.

Huw Jarman

Huw graduated with a Master of Mathematics from Durham University in 2016. He then went on to gain experience in the energy industry at ista Energy Solutions where he analysed energy data and created energy reports for commercial clients.

Huw joined Armstrong in April 2017 as Data Analyst supporting the asset management of our Solar PV portfolios. He aims to broaden his knowledge of the renewables and finance industries whilst using his previous experience to contribute towards creating ever more effective PV monitoring systems.

Allen Vega

Prior to joining Armstrong, Allen spent six years as a management accountant/financial analyst within the recruitment sector where he developed his finance business partnering skills across a portfolio of small and medium enterprises. He worked closely with management and specific business units, providing strategic financial input through forecasting, budget setting, performance /operational analysis, and financial reporting.

Allen graduated from Bournemouth University with a degree in Accounting and Business. He is currently working towards completing his CIMA professional qualification.

ARMSTRONG’S SUSTAINABLE AGRICULTURE BOND EXCEEDS ITS SOCIAL IMPACT TARGETS

Armstrong have piloted a programme to invest its social bond to improve the agricultural yields and incomes for farmers in India. Our ambition has been to increase the yield of farmers by 50% through the installation of solar-powered drip irrigation systems and improved agronomy.

We are delighted to say that we have beaten that target significantly. In the first phase of the roll-out of over 100 systems we have improved farmers yields from an average of 27 tonnes per acre to 50 tonnes per acre. This represents an increase in the gross income of the farmers of 85%.

When considered on a net income basis the impact is even greater:
– By changing farming techniques and persuading the farmers to increase the gap between the rows of sugar cane, we are actually reducing the cost of their seed by circa 38%.
– by providing support in how to use fertilisers, we have reduced the fertiliser cost by 50%

Our analysis shows that, on a net basis, these farmers have earned circa Rs 71,375 (£830) per acre, compared with Rs 16,750 (£195) per acre that they were previously earning. This represents an increase in their net incomes of 326%. Given that these increases in yield are being driven by improved farming techniques rather than through increased use of fertilisers, we believe that these benefits can be delivered over the long-term, rather than just once.

In summary, our tests indicate that our social programme is delivering, and exceeding the objectives that we set out for it and we look forward to expanding this path-finding project to deliver social and economic change to some of the poorest farmers in the world.

Armstrong Energy announces joint venture to recycle waste plastics

Armstrong Energy is pleased to announce that its subsidiary, Armstrong Chemicals Limited, has formed a Joint Venture with Licella for the exclusive global rights to deploy their patented technology to convert waste plastics into higher value fuels and chemicals. The venture marks a year of extensive and successful of testing on Licella’s large scale pilot plant based in NSW, Australia.

Dr Steve Mahon, CEO of Armstrong Energy commented, “This marks another strategic venture for us to offer our investors access to proprietary dealflow in a highly attractive market.”

Plastics are produced from a highly refined product with 6% of global oil and gas production used annually in the production of plastics, but of the 311 million tonnes of plastics produced per year only 5% is recycled. 95% is lost after a short first use, equating to lost value of US$80-100 billion per year. In the UK, over 2.5 million tonnes of plastics goes to landfill every year. We know that sorting plastics to enable them to be recycled is both challenging and expensive. End of life Plastic includes all the remnants of various mixed plastics and paper and labelling that is left post-recovery of the recyclable components. This mixed material, which is a costly waste to dispose of, can be processed into high value fuels and chemicals using our unique technology that has been developed by Licella over 10 years and with over $50 million spent on development. Steve added “We are excited to now work with our licensees to divert this waste from landfill and deliver superior investor returns.”

Tourian Renewables secures the rights to build a commercial waste upgrading plant

Tourian Renewables Limited, a company advised by Armstrong Energy, is pleased to announce it has secured the rights to build its commercial waste upgrading plant having signed a sub-license from Armstrong Chemicals Limited. The Tourian plant is scheduled to be operational in 2018 and will be located on the Wilton International site in the North East of England. It will be capable of upgrading up to 20,000 tonnes of End of Life Plastic to a high value middle distillate fuel.

Gary Toomey, Managing Director of Tourian, commented, “The signing of the sub-license is a significant milestone for Tourian and now solidifies its investment into Teesside.” He added, “In developing this Cat-HTR facility we will be reducing plastic waste currently being sent to landfill while creating over 30 new jobs in the region.”

Tourian Renewables to work with world leading engineering company GHD

Tourian Renewables Limited, a Company advised by Armstrong Energy, is pleased to announce it has retained the professional engineering services of GHD to conduct Front End Engineering Design for the 20,000t Cat-HTR plant to be located at the Wilton International site in the North East of England.

Andrew Buchanan, Project Director of Tourian, commented, “We are delighted to retain the services of GHD who are a world leading engineering company, and, with the support of their engineering team, we hope to accelerate our current timeline for commercial operation.” Gary Toomey, Managing Director of Tourian added “The appointment of GHD Newcastle further demonstrates our commitment to the region as we utilise the very best regionally-available, world class professional services.”

Armstrong Energy opens North East office

Armstrong has expanded its operational base by opening an office in Newcastle-upon-Tyne. Steve Mahon, CEO of Armstrong Energy, said, “We see a strong growth opportunity in industrial and chemical process industries to continue to provide our investors with robust yielding infrastructure assets. We have grown a strong team of engineering and operational management in Newcastle to support the sourcing, construction and operations of our investments in the north of England.”

8.5MWP Wellingborough Solar Farm sold to NextEnergy Solar Fund

The shareholders of Wellingborough Solar Limited, as advised by Armstrong Energy, have signed a share purchase agreement to sell the 8.5MWp Wellingborough solar farm to NextEnergy Solar Fund Limited (“NESF”).

Located in Northamptonshire, the ground-mounted plant was connected to the grid in March 2014 where it gained accreditation under the 1.6 ROC regime.

The £10.9 million sale marks the second collaboration between Armstrong and NESF, following on from NESF’s acquisition of the Ellough solar plant last year.

Commenting on the sale, Steve Mahon, a co-founder of Armstrong Energy, said, “with such a strong secondary market and so many buyers vying for high quality solar assets, it is pleasing to once again work with NESF, a strong and familiar partner.”

LINCOLNSHIRE SOCIAL HOUSING

The rooftop portfolio uses PV modules from various suppliers for a total peak capacity of 690kW spread over 220 installations.

The bulk of the installations in the portfolio have been operational since March 2012. Lark Energy was the EPC contractor. The installations have 25-year leases and benefit from the UK Feed-in-Tariff scheme which gives inflation adjusted revenue for power generated for an equivalent period.

As well as the Feed-in-Tariff, revenues are also derived from exporting part of the power generated to the national grid.

Asset management is provided by Armstrong Energy and operations and maintenance management services are provided by Lark Energy

COLCHESTER SOCIAL HOUSING

The rooftop portfolio uses Schuco International PV modules for a total peak capacity of 1,810kW spread over 567 installations on the roofs of social housing.

The installations in the portfolio became operational in 2011. Breyer was the EPC contractor. The installations have 25-year leases and benefit from the UK Feed-in-Tariff scheme which gives inflation adjusted revenue for power generated for an equivalent period.

As well as the Feed-in-Tariff, revenues are also derived from exporting part of the power generated to the national grid.

Asset management is provided by Armstrong Energy and operations and maintenance management services are provided by Breyer.

Briddlesford Lodge Farm

The solar park uses Chint Astronergy PV modules for a total peak capacity of 0.63MW connected to the local 11kV distribution network.

The plant has been operational since March 2014. Ethical Power was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period.

Revenues are derived from a mixture of ROCs (at 1.6 ROCs per MWh), LECs and power sales, with a PPA currently in place with a major utility.

Asset management is provided by Armstrong Energy and operations and maintenance management services is provided by Ethical Power.

Fen Road

The solar park uses Tata Power Solar PV modules for a total peak capacity of 1.44 MW connected to the local 11kV distribution network.

The plant has been operational since July 2014. Lark Energy was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period.

Revenues are derived from a mixture of ROCs (at 1.4 ROCs per MWh), LECs and power sales, with a PPA currently in place with a major utility.

Asset management is provided by Armstrong Energy and operations and maintenance management services is provided by Lark Energy.

Wellingborough

The solar farm at Wellingborough uses LDK PV modules for a total peak capacity of 8.5 MW connected to the local 33kV distribution network.

The plant has been operational since March 2014. Lark Energy was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period and is now owned by an institutional investor following a sale of the plant in May 2015. Operations and maintenance management services continue to be provided by Lark Energy.

 

 

Pond Farm

The solar park uses Solar Park PV modules for a total peak capacity of 3.6MW connected to the local 11kV distribution network.

The plant has been operational since July 2014. Lark Energy was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period.

Revenues are derived from a mixture of ROCs (at 1.4 ROCs per MWh), LECs and power sales, with a PPA currently in place with a major utility.

Asset management is provided by Armstrong Energy and operations and maintenance management services is provided by Lark Energy.

Ellough

Constructed on land at the disused Ellough Airfield, East Suffolk, the solar park uses Q-Cells PV modules for a total peak capacity of 14.9MW connected to the local 33kV distribution network.

The plant has been operational since March 2014. Lark Energy was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period and is now owned by an institutional investor following a sale of the plant in July 2014. Operations and maintenance management services continue to be provided by Lark Energy.

Hartwell

Commissioned in March 2015, the solar plant exports power to the local 33kV distribution network and is constructed using Q-Cells PV modules for a peak capacity of 18.6 MW.

Lark Energy is the EPC contractor. The project has a 25-year site lease and planning permission is in place for an equivalent period.

Revenues are derived from a mixture of ROCs (expected at 1.4 ROCs per MWh), LECs and power sales.

Asset management is provided by Armstrong Energy and operations and maintenance management services are provided by Lark Energy.

Langley Hall

The solar park uses Solar Park PV modules for a total peak capacity of 2.4MW connected to the local 11kV distribution network.

The plant has been operational since March 2014. Lark Energy was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period.

Revenues are derived from a mixture of ROCs (at 1.6 ROCs per MWh), LECs and power sales, with a PPA currently in place with a major utility.

Asset management is provided by Armstrong Energy and operations and maintenance management services is provided by Lark Energy.

Grange Farm, Wroxton

The solar park uses Solar Park PV modules for a total peak capacity of 1.8MW connected to the local 11kV distribution network.

The plant has been operational since March 2014. Lark Energy was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period.

Revenues are derived from a mixture of ROCs (at 1.6 ROCs per MWh), LECs and power sales, with a PPA currently in place with a major utility.

Asset management is provided by Armstrong Energy and operations and maintenance management services is provided by Lark Energy.

Limes Farm

The solar park uses Canadian Solar PV modules for a total peak capacity of 6MW connected to the local 11kV distribution network.

The plant has been operational since March 2013. Lark Energy was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period.

Revenues are derived from a mixture of ROCs (at 2 ROCs per MWh), LECs and power sales, with a PPA currently in place with a major utility.

Asset management is provided by Armstrong Energy and operations and maintenance management services is provided by Lark Energy.

Ketton Cement Works

The solar park uses LDK PV modules for a total peak capacity of 12 MW connected to the local 11kV distribution networks.

The plant has been operational since March 2014. Lark Energy was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period.

Revenues are derived from a mixture of ROCs (at 1.6 ROCs per MWh), LECs and power sales. The plant has an innovative PPA structure that includes supplying power to the host.

Asset management is provided by Armstrong Energy and operations and maintenance management services is provided by Lark Energy.

Burton Pedwardine

The solar park uses LDK PV modules for a total peak capacity of 13 MW connected to the local 33kV distribution network.

The plant has been operational since March 2014. Lark Energy was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period.

Revenues are derived from a mixture of ROCs (at 1.6 ROCs per MWh), LECs and power sales, with a PPA currently in place with a major utility.

Asset management is provided by Armstrong Energy and operations and maintenance management services is provided by Lark Energy.

Ketton solar farm named best solar farm of 2014

The 9 MWp solar at Hanson’s Ketton cement works in Rutland was named best ground mounted solar farm of the year in the less than 10 MWp category at last night’s Solar Power Portal awards. The project was jointly developed by Armstrong Energy and Lark Energy.

 

Announcing the award, Solar Power Portal noted that this year’s judges were impressed by the project’s pioneering approach to managing the grid connection. The power from the solar farm connects into Hanson’s private 11kv network which is itself connected to Western Power Distribution’s 33kv network. Lark Energy, the installer of the solar farm, has designed the solar farm to enable active and reactive power management and to protect the grid from reverse current. This has a number of advantages, including minimising the need for costly 33kv upgrade work, reducing the energy costs for Hanson and enabling the inverters to be used as capacitor batteries at night. The project will generate enough energy to cover around 10% of the Cement work’s annual consumption.

“It has been very rewarding for the Hanson Renewable Energy Team to see the first of their projects come to fruition with the switch on of the Hanson Cement Solar Farm at Ketton” said Mark Cox of Hanson Cement. “This is the first of what is hoped are many such projects the company will be involved in over the coming years as we strive to reduce our CO2 emissions and energy costs.”

Jonathan Selwyn, Managing Director of Lark Energy commented “We are delighted to have worked with Hanson Cement and Armstrong Energy to develop this innovative solar project. Large scale solar is perfectly suited to projects such as this on previously used industrial land and where all the energy can be utilised directly by nearby businesses. We look forward to working on some further projects like this in the coming months.”

Steve Mahon, Director of Armstrong Energy added: “Armstrong Energy prides itself on being creative in structuring a deal to ensure all sides benefit. This project with Hanson and Lark Energy is an exemplar of this approach and includes an innovative power sales agreement that builds a sustainable market advantage for the host. We believe this approach can be used with large energy users both in the UK and overseas and we look forward to a long and successful partnership with both Hanson and Lark Energy.”

13 MWp solar farm in Lincolnshire under construction

UK Solar (Fiskerton) LLP today agreed terms with Lark Energy Limited (“Lark”) for the construction of a 13 MWp solar farm at Fiskerton airfield in Lincolnshire. The solar farm is expected to be operational before 31 March 2015. The site will be built by Lark, and will use solar panels manufactured in Germany by Q-Cells.

UK Solar (Fiskerton) LLP was advised on the transaction by Armstrong Energy.

Andrew Newman, a Director of Armstrong Energy, commented “We are building this project in phases, and by the time it is completed it will be one of the largest solar farms in the UK. It is an excellent site for a solar farm, making good use of the infrastructure that already exists on the airfield.”

Louise Meddings

Louise joined Armstrong Energy as PA and Office Manager and is now also responsible for  marketing.  Prior to this Louise worked at Muse Developments Ltd, an urban regeneration and mixed use development company, as Office Manager and PA to the Joint Managing Director as well as the Legal & Commercial Director.

Louise has a BA degree in Classical Civilisation from Nottingham University. Louise is keen to learn more about the renewable energies sector and has a particular interest in how it can benefit the wider community.

Adam Swarbrick

Adam graduated with a degree in History from University College London in 2013 and shortly after joined the Armstrong team as an intern before taking on a full time roll in the finance department. He has since qualified as a Chartered Accountant, completing his training whilst fulfilling his duties at Armstrong.

Adam now works across the asset management and investment teams in a range of investor reporting and controller roles. He has a keen interest in renewables and is looking to broaden his understanding of sustainable investments.

Ian Marshall

He began his career with Philips the Dutch electronics group at a manufacturing facility in the UK, involved in the electrical appliances and lamp production divisions.

He moved from there to join the industrial plants division of Kloeckner & Co GmbH, at their headquarters in Germany, where he spent three years before being appointed controller of a newly formed group subsidiary in London which dealt in turnkey packages financing and constructing major infrastructure projects in the former communist bloc, Southeast Asia and South America.

Following this he spent several years as controller of BIL Trading, a group involved in trading and shipping chemicals and consumer goods between various former Soviet states and Asia.

In 2001, as one of the founder members and director of RWE Solutions UK Limited, a subsidiary of RWE AG, the German utility, he helped to set up an energy services company, encompassing consulting, outsourcing and smart metering. The company rapidly built up a portfolio of clients, including Diageo, Sainsbury’s and Corus Steel.

In 2010 he moved to Open Energi Limited, a start-up company involved in the development of new technology providing National Grid with a balancing service to deal with energy supply and demand fluctuations.

Nick Stinton

Nick Stinton is an investment director at Armstrong Energy Limited. He has worked as an investor in privately held companies since early 2000, initially with Quester investing in early stage and growth technology companies and since 2010 with Downing where he had responsibility for investment into renewable assets. During that time, alongside partners like Armstrong, Downing invested over £100m into the sector. Prior to this Nick spent 5 years in corporate advisory roles with Beeson Gregory and Hoare Govett. He has a Natural Sciences degree from Oxford University and an MBA from INSEAD.

Alan Yazdabadi

Alan Yazdabadi was a co-founder of Armstrong Energy. He had previously worked for Low Carbon Investors (UK) Limited (“LCIUK”) as group financial controller.

Alan began his career at KPMG where he spent five years, initially focusing on smaller more entrepreneurial organisations where he qualified as a chartered accountant. Alan then worked in KPMG’s Global Infrastructure and Projects Group which focused on the structuring, financing and procurement of large infrastructure projects. Between leaving KPMG and founding a LED lighting business, Alan spent two years as a corporate finance analyst focused on venture capital and hedge fund related investments.

Alan joined LCIUK in 2010 where he played a key role in advising Downing on more than £45m in feed-in-tariff projects in solar and wind assets.

Alan has a first class degree in Economics and Politics and is a Chartered Accountant.

Robin Chamberlayne

Robin Chamberlayne is a chartered financial planner and has over 25 years’ experience in the financial services industry. He formed Progressive Strategic Solutions in 1997, which was one of the first chartered firms in the UK. Progressive provides holistic financial advice and tax planning strategies to high net worth individuals and businesses. Robin has been actively involved in renewable energy for a number of years; his family’s farm operates both commercial biomass and solar installations. Since 2009 Robin has held board positions with Downing and ProVen Venture Capital Trusts covering both the generalist and renewable energy sectors.

Andrew newman

Andrew Newman was a co-founder of Armstrong Energy. He had previously worked for Low Carbon Investors (UK) Limited (LCIUK) as group finance director. Whilst at LCIUK he managed the design and launch of the UK’s first dedicated feed-in-tariff fund, the Downing Low Carbon EIS, with Downing LLP.

Andrew joined Low Carbon Investors (UK) Limited from Deloitte Corporate Finance in 2006, where he had worked in the Project Finance Advisory team, focusing on energy and transport infrastructure projects in the UK and Europe.

Prior to joining Deloitte in 2003, Andrew worked for Triodos Bank in the Netherlands. While at Triodos, Andrew worked as Senior Investment Officer for Asia for the Solar Development Group, one of the funds co-managed by Triodos. The Solar Development Group was an initiative of the World Bank and was set up to accelerate rural electrification in developing countries.

Prior to joining Triodos Bank, Andrew worked for Deloitte & Touche, initially in its London audit department, where he qualified as an ACA, and subsequently in its Central European Corporate Finance team, based in Prague. While in Prague, Andrew focused on advisory and due diligence projects, and worked on several of the largest inward investment projects in the region.

Andrew has a first class degree from Oxford University.

Dr Steve Mahon

Dr Steve Mahon is CEO of Armstrong and also a co-founder. He has had a successful career in commercialising low carbon technologies with over 15 years in the sector and a track record in selecting and managing high growth low carbon companies, both in the private and public markets. He combines a detailed understanding across a wide range of clean technologies with the first hand experience of growing early stage businesses and delivering shareholder returns having been involved in the investment or management of over 25 businesses.

Prior to establishing Armstrong, Steve co-founded Low Carbon Investors Limited (LCI), a Guernsey based fund management company which advised Low Carbon Accelerator Limited, the AIM listed early-stage technology fund. Through its wholly owned subsidiary, Low Carbon Investors (UK) Limited (LCIUK) established with Downing LLP (Downing), the UK’s first dedicated feed-in-tariff fund, the Downing Low Carbon EIS and went on to advise Downing on the investment of more than £45m in feed-in-tariff projects in solar and wind assets.

Before establishing LCI, Steve had been a main Board member of Pursuit Dynamics plc, during which time it was the top performing small cap engineering stock on AIM; and of Sentec Ltd, the smart grid technology specialist, that became one of the fastest growing technology companies in Europe. Steve started his career in Qinetiq and managed a business unit commercialising advanced materials. He has a first class degree and PhD in Geophysics and Planetary Physics.

We have moved!

Armstrong Energy today moved from its Fitzrovia home of the last seven years to new offices in Shoreditch.

Steve Mahon, the co-founder of Armstrong said, “This is an exciting day for us. It takes the company to its next level, and will enable us to continue the rapid growth that we have enjoyed over the last 18 months. We look forward to being in Shoreditch for many years to come.”

All future correspondence for the company should be sent to:

3rd Floor
141-145 Curtain Road
London
EC2A 3BX

Armstrong Energy Global connects its first solar power plant in India

Armstrong Energy Global Limited today connected its first solar power plant at Rajahmundry, in Andhra Pradesh. The site has a capacity of 1MWp, and was built using Canadian Solar panels on a tracking system. The electricity generated is being sold to an industrial customer under a long-term power purchase agreement.

The Company will shortly start to expand the power plant to 5MWp, and has already purchased the land for this extension.

Ramnath Nandakumar, the Managing Director of Armstrong Energy Global said, “This is a milestone day for the company. It has taken two years to get here, but we have delivered on the project exactly as we said that we would. And this is just the first step for the Company, as we try and meet our target of installing 1GWp of solar pv in India by 2020.”

Further information on the project and Armstrong Energy Global Limited can be obtained by contacting Ramnath@armstrongenergyglobal.com

Construction starts of 18 MWp solar park in Northamptonshire

UK Solar (Hartwell) LLP today purchased the rights for an 18 MWp solar farm at Hartwell in Northamptonshire from Lark Energy.

The solar farm will be built by Lark Energy, one of the UK’s leading developers, and contractors in the UK solar market, and will use panels manufactured by Q-Cells. It is expected that the plant will be fully operational by the end of 2014.

UK Solar (Hartwell) LLP is advised by Armstrong Energy.

Planning permission received for 22 MWp solar farm in Oxfordshire

South Oxfordshire District Council today approved a 22 MWp solar farm at Chalgrove being co-developed by Armstrong Energy.

Steve Mahon, a co-founder of Armstrong Energy said, “This is an exciting project. This will be our largest solar farm yet. There is a lot of work to do over the next few weeks, but we are confident that the farm can be built before 31 March 2015.”

15 MWp solar farm in Suffolk sold to NextEnergy

Ellough Solar LLP has sold the solar farm at Ellough, near Beccles in Suffolk, to NextEnergy Solar Fund Limited (“NESF”).

Ellough Solar LLP was advised by Armstrong Energy.

Ellough Solar LLP purchased the rights to build the solar farm at Ellough in February 2014, and completed the construction of the solar farm before the change in the ROC banding on 31 March 2014.

Andrew Newman, a co-founder of Armstrong Energy, commenting on the sale said, “This sale is further evidence of the strength and maturity of the UK solar market, with a strong secondary market for high quality assets once they have been built. Investors can continue to make strong returns in the UK solar market.”

1.4 MWp solar farm connected in Lincolnshire

Solar Growth Investments Limited today announced that it had completed the connection of its 1.4 MWp solar farm in Lincolnshire. This means that the company has now fully invested its equity capital.

The solar farm was constructed by Lark Energy.

Armstrong Energy provides advisory services to Solar Growth Investments.

Armstrong Energy further strengthens its investment team

Armstrong Energy today announced that Paul Pountney had joined its investment team. Paul is an experienced investor in renewable energy projects, having previously worked with Sindicatum in Singapore.

Steve Mahon, a co-founder of Armstrong Energy said, “We are delighted that Paul has decided to join us. His experience of closing renewable energy projects in difficult emerging markets will be invaluable as we look to grow our business internationally in the years to come. We hope that Paul will be a critical part of that story.”

Paul said, “I am delighted to be joining Armstrong Energy. The business is growing rapidly, and it will be exciting to be part of the team.”