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
We bring you this Environmental Finance News Mailer from a very different world than the one we found ourselves in even a month ago. We hope you and your loved ones are staying safe and well in these troubling and challenging times. At 350 PPM we are doing our best to conduct business as usual and we are working hard to enhance our portfolio of companies. We have focused this Environmental News Mailer on articles from the solar industry and the opportunities it offers as 350 PPM will shortly be launching its next solar development project. “This year there will be more than 115 gigawatts (GW) of solar installed across the world, which is more than all other generation technologies put together” (World Economic Forum Annual Meeting).
Whilst market volatility is inevitable, we have seen recently just how susceptible the markets are to global events. And whilst no industry is immune, The Forbes article below makes a very good case for investment in renewable energy. “I think we’re entering a whole new phase of volatility”. “These are the unfortunate repercussions of a global market that’s exposed to the volatility of the oil markets and suffers when unforeseeable events like Coronavirus arise at the worst time”. Whilst the UK market may be delayed due to “lock down” it is worth noting that the energy, waste and recycling sectors are all classed as “critical infrastructure” so remain active and new market openings and opportunities arise so continued investment is important.
One small positive worth noting in a truly catastrophic situation is that when it really comes to it, countries and peoples are capable of working together for the common good as highlighted in the item from CNN below in the industry insight section:
Inevitably PAPA ONE & Solar 350 have suffered some negative impact from Covid-19 including delays from regulatory bodies. However, with Mexico’s continued demand for electricity they remain focused on their core strategy to co-invest with strong local partners into pre-construction stage solar projects and remain optimistic that the delays will work to their advantage – Nick Dimmock 350 PPM Director
Business plan completed and finishing touches being put on new website to be launched imminently. All will support next growth & development stage ready to raise additional seed capital to progress third party due diligence on up to 5 short-listed target sites with a total value of around £100M. Preparations nearly complete to commence the fund raising process for the project sites, to run parallel to seed capital fund raising aiming for financial close on “Round 1” by end 2020.
WES has been active during lockdown, working hard on current pipeline waste to energy projects. Work to secure each site includes looking at planning & environmental aspects, review of waste availability locally for each project & secure grid connections & power offtake agreements. EPC technology partners & O&M aspects must be finalised. All before Infrastructure Capital funders will look to invest capital to construct the plant. Huge steps made on several sites and are now very close with some to reach a financial close.
National Grid, heavily supported by Ofgem, are consulting extensively on 3 topics in particular: Early Competition Plan, Distributed ReStart and Stability Pathfinder. Storelectric has been involved heavily in these consultations. Depending on location, they can deliver all of these, par excellence and their contributions are directed towards ensuring new technologies and small developers are not excluded by rules and processes. National Grid has welcomed these contributions.
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: