BELLTOWN POWER DEPLOYS £53m INTO 11 WIND, SOLAR AND HYDRO PROJECTS IN FIRST YEAR

Today, Belltown Power announces that it has completed 11 transactions in its first year, deploying £53m to buy and build 5 wind projects (2.5MW), 3 solar projects (26.8MW), and 3 hydro projects (1.5MW). The company aims to deploy £250m into 150MW of UK renewable energy assets by April 2017.

During Belltown Power’s first year the team has grown to 11 people, combining transaction expertise from its London office with engineering experience in its Bristol office.

Michael Kaplan, CEO at Belltown Power, said “We are very pleased with the company’s progress to date.  We continue to see a wealth of opportunity in the UK and have the flexibility to pursue the best opportunities across wind, solar, hydro and biomass projects of all sizes and development stages.  These 11 transactions mark a good first step towards our goal of developing into a significant generator of renewable electricity in the UK.”