Environmental Finance News 350 PPM Ltd – 05.06.20

Environmental Finance News 350 PPM Ltd – 05.06.20

Environmental Finance News - 350 PPM Ltd

350 PPM hand picks cutting edge environmental projects to showcase their proposals to its highly regarded environmental investor base

Company News

As the country starts to unlock, we’re all wondering what a post COVID world might look like? One thing we know for certain is that it will be changed forever. As we have commented in previous newsletters, one of the very few positives of the Coronavirus pandemic is the effect it has had on the environment and the reduction of CO2 in the air. Governments around the world are recognising the opportunity for a “green recovery” and there is a focus now on Sustainable Development Goals (SDGs). According to a recent report from The International Renewable Energy Agency, renewable energy could power an economic recovery from Covid-19 by spurring global GDP of almost $100tn between now and 2050. This is aligned with the 350 PPM mission “to assist via capitalist means, in reducing the level of CO2 in the atmosphere to 350 parts of CO2 per million parts of air”. Solar is now the cheapest energy to produce as cited in a recent edition of the Economist. This is good news for 350 PPM investors and the world as a whole as we move away from our reliance on fossil fuels. See articles of interest below in the industry insight section.

Shine Australia One has executed the contracts with their development partner ITP for the first two solar development projects in Temora and Kootingal in the Australian state of New South Wales. ITP have already secured local authority support for these projects, completed the concept designs, and this week they began the work on the electrical connection application. Both projects will be around 5MW and we expect that they will take around 12 months to develop to ready to build stage.

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Waste to Energy solutions continue throughout the world pandemic to progress their projects. New sites are being discussed for additional projects, together with major progress on existing projects enabling them to be shovel ready for the capital investment from the infrastructure banks. Some great advances in agreements with a modular technology provider and a world leading EPC have continued over the last few weeks as each project moves towards financial close with at least one project expected to conclude this year.

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The business plan final draft needed for additional seed capital to take the “Round 1” sites through due diligence towards financial close, releasing success fees to PGP is completed. Finalising website, marketing media assets & supporting documentation. Formal first option on two 20 MW gas peaker sites consented with gas and power grid connections. Ready to proceed through due diligence with the advanced mechanical recycling site towards financial close. HMT, project finance fund raising advisors finalising the SPV models and investor teaser ready to circulate to a number of suitable institutional investor groups to deliver round 1.

Hello Tomorrow Certification: Following exceedingly exhaustive analysis of Storelectric’s technology and commercial/environmental potential, Storelectric’s TES CAES has earned certification as one of Hello Tomorrow’s labelled 1000 Efficient Solutions. This certifies the technology as being real, implemental, cost effective and of large benefit to the world’s environment. It also gives access to the organisation’s network of investors and potential partner companies. Storelectric is now rolling out this technology and as recognised by a growing body of analysts Grid Scale Storage of this type is essential to enable renewable deployment to continue without the concomitant variability and intermittency challenges.

Investment & Research

For an overview of 350 PPM’s current projects or sector-specific research from 350 PPM’s in-house research team, request so here:​

Industry Insight

The Guardian – 17th May 20

Coal industry will never recover after coronavirus pandemic, say experts

BBC - 7th May 20

Mark Carney: 'We can't self-isolate from climate change'

Forbes - 20th April 20

How A $110 Trillion Green Recovery Can Save The World: New Report

The Guardian - 19th May 20

How renewable energy could power Britain's economic recovery

Tech Crunch - 27th May 20

5G, AI, cybersecurity and renewable energy set for investment boost under EU coronavirus recovery plan

Renewable Energy Magazine - 24th April 20

Engaging with the SDGs can help us build a better future post-pandemic

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