Arlington Energy Ltd and Enso Energy Ltd are entering into a strategic joint venture to finance and develop upwards of a 600MW portfolio of shovel-ready energy projects. This level of investment into development stage projects is unique and the joint venture allows for Arlington Energy to scale the deployment of capital due to the size of Enso’s pipeline.
Arlington Energy, a major investor in energy assets, has raised a staged £10 million fund to finance the development of a large portfolio of assets. Enso Energy are one of the nation’s largest energy developers, having developed out in excess of 1GW of distributed generation within the last 5 years, and were previously the development arm of the Green Frog group.
Matt Clare, Director of Arlington Energy, said, “Forming a joint venture with Enso Energy is a fantastic opportunity for Arlington Energy to deploy the sizeable capital it has raised to develop energy assets in the UK. With our expertise in finance and asset transactions, complemented by Enso’s unrivalled experience in developing quality projects, it is an exciting opportunity to take forward.”
The joint venture brings together significant experience from the energy industry, with expertise in finance, development, construction, technology and engineering. With a shared focus between the parties on high quality, bankable projects, this significant investment demonstrates a confidence in the UK distributed generation industry. Across the team, circa £700million has been deployed into the development and construction of energy assets in the UK, mostly solar PV, stand-alone gas and energy storage. This experience, along with the support of key advisors, ensures project purchasers have confidence in the quality of the projects and team.
Andrew King, Director of Enso Energy, said, “Over the last few years we have successfully developed in excess of 1GW of distributed generation, establishing ourselves as leading energy developers. This is an incredible achievement with a small but very experienced and ethical team. Our strategic joint venture with recognised financial experts Arlington Energy gives us both the platform to establish a stronger offering to the UK energy market and enables us to grow a significant asset portfolio together.”
Maria Connolly, Partner and Head of Property at TLT, legal advisors on the joint venture, had the following to say,
“We are delighted to support the teams at Enso Energy and Arlington Energy in relation to their recent clean energy projects. The clean energy sector is entering an exciting time with the modelling for new and multi-technology projects being developed, and companies such as Enso Energy and Arlington Energy are well placed to take advantage of these opportunities. We look forward to working with them in the future.”
Notes to editors:
Energy Creative Limited
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Arlington Energy is an investment company with a team of experienced individuals who have a significant track record. With an understanding of the investment potential of low-carbon energy assets, as well as their role in providing clean power to the UK, our aim is to deploy capital into a 500MW pipeline which will be constructed over the next 5 years.
For more information, visit www.arlingtonenergy.co.uk
Enso Energy are at the forefront of the power revolution, developing back up generation and on-site solutions. Our energy installations help balance the power network, ensuring a secure and constant energy supply. Committed to developing a significant portfolio of energy supply and storage assets, Enso Energy work in partnership with clients to generate and store power, providing energy resilience.
For more information, visit www.ensoenergy.co.uk