New appointments in London office (April 2010)

SI Capital is pleased to announce that Michael Covington has become a Managing Shareholder of SI Capital and will be responsible for our UK activities. Michael has a long-track record in corporate finance including positions at Dresdner Kleinwort, Piper Jaffray and ABN AMRO.  Michael specialises in renewable energy financing and advisory, his last role was as Head of CleanTech & Renewables for Piper Jaffray in Europe.

Michael has subsequently brought on-board a new investment management adviser to the UK team, Charles Sincock, who formerly worked in UK mid market advisory at Dresdner Kleinwort and subsequently on renewable energy financing projects.  Managing Shareholder and founder Sebastian Waldburg said “we’re delighted to welcome Michael and Charles to our firm and growing SI Capitals' UK business. They bring with them a host of experiences and we look forward to working with them going forward”.

SI Capital welcomes Sustainable Technology Investors

SI Capital is pleased to announce that STIM, a Malta based sister company of Sustainable Technology Investors Limited ("STIL"), a UK based fund management business, has made a substantial commitment to invest in SI Capital R&S I. SI Capital’s first European renewable energy fund was first opened in March 2007. STIL has also taken a strategic stake in SI Capital, the manager Gordon Power, one of STIL’s two founders, has a track-record of over 26 years of successful private equity experience including as CEO of ProVen Private Equity will become Chairman of SI Capital’s Investment Committee. From 1984 to date, he recorded an overall annual return in excess of 29% achieved on 176 realised (i.e. sale, flotation or administration/liquidation) investments and unrealised investments. Gordon also has an IRR of 45% from six sustainable private equity investments made since 1985.

STIL was founded by Gordon Power and Stephen Lansdown in 2009 to provide capital for and mentoring to fund managers and businesses whose primary focus is renewable energy and sustainable technologies. Stephen Lansdown, was formerly co-founder of the private client business, Hargreaves Lansdown which he set up with Peter Hargreaves in 1981 and is the UK’s biggest independent private client brokerage which recently joined the FTSE 100. He resigned as an executive director in August 2010 (still retaining a substantial stake in the company) to pursue his many other interests including STIL.

Invall Green Energy (September 2009)

SICPE and Invall Green Energy ("IGE"), a 45% owned joint venture with Invall, S.A. a Spanish consulting engineering company with particular competence in wind power, are coordinating and participating in the development, financing and construction of one of only two commercial scale wind farms in FYR Macedonia.

Installation of wind turbines totalling 100MW of capacity will start in the first half of 2012. The project is expected to supply approximately 4% of the total power production in Macedonia. The project represents a significant step for FYR Macedonia as it seeks to align itself with the renewable generation targets of the EU (Strategy 20-20-20).