Fundraising for the Carno 2 Project
HMT, led by partner Andrew Thomson, advised the shareholders of Amegni Limited in respect of the fundraising for the Carno 2 project.
Consisting of 12 wind turbines with a total capacity of 15.6MW, the wind farm is expected to become operational in December 2008. Renewable energy generation is currently well behind government targets and therefore the industry is generating significant interest from investors. Having been developed by Amegni over several years, the project is being funded by a group of equity investors managed by FIM Services Limited with bank debt provided by Alliance & Leicester Commercial Finance.
Andrew Thomson commented:
“We were delighted to be involved in what is our third wind farm project this year. The investment by FIM has enabled Amegni to realise their goal of building the wind farm creating an excellent investment opportunity for all.”