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  • Amberside 2:47 pm on June 22, 2018  


    22 June 2018

    (“JLEN” or the “Company”)

    Further Investment in
    Vulcan Renewables anaerobic digestion plant

    JLEN, the listed environmental infrastructure fund, is pleased to announce a further investment in the Vulcan Renewables anaerobic digestion (AD) plant. The investment consists of provision of funding of c.£8.5m to significantly expand the AD plant’s biomethane generating capacity.

    Vulcan Renewables Ltd was acquired by the Company in August 2017. The AD plant is located in Hatfield Woodhouse, 9 miles north east of Doncaster, South Yorkshire and was commissioned in October 2013. It has a current capacity of 5MWth and predominantly produces biomethane. In addition, the plant also has a 0.5MWe CHP engine and is accredited under the Renewable Heat Incentive (RHI) and Feed-in-Tariff (FiT).

    The plant extension will be carried out by Future Biogas, JLEN’s business partner in the AD sector and current service provider at the Vulcan site. The works involve converting the existing storage tank to a primary digester, providing for separate digestate storage, installing an additional biomethane upgrading unit, together with associated engineering, electrical and civil works. The construction works are expected to complete in late 2019. Operations will continue throughout this period with no expectation of significant downtime.

    This further investment in the Vulcan Renewables AD plant will be funded by a draw-down under the Company’s revolving credit facility.

    Richard Morse, the JLEN Chairman, said “We are pleased with our initial investments in the anaerobic digestion sector, and this expansion project is a good opportunity to build out our capability at the Vulcan Renewables AD plant. It represents our first investment in a construction project, and we have taken care to understand and limit the risks involved, including through the choice of Future Biogas as our delivery partner. We are looking forward to a successful delivery and enhanced revenues once completed.”

    For further details contact:

    John Laing Capital Management Limited                             020 7901 3559

    Chris Tanner

    Chris Holmes


    Winterflood Investment Trusts                                               020 3100 0000

    Joe Winkleyr

    Neil Langford


    Redleaf Polhill                                                                               020 7382 4769

    Charlie Geller

    Harriet Lynch


    About JLEN

    JLEN’s investment policy is to invest in environmental infrastructure projects that have the benefit of long-term, predictable, wholly or partially inflation-linked cash flows supported by long-term contracts or stable regulatory frameworks.

    Environmental Infrastructure is defined by the Company as infrastructure projects that utilise natural or waste resources or support more environmentally-friendly approaches to economic activity. This could involve the generation of renewable energy (including solar, wind, hydropower and biomass technologies), the supply and treatment of water, the treatment and processing of waste, and projects that promote energy efficiency.

    Further details of the Company can be found on its website jlen.com

  • Amberside 5:40 pm on March 12, 2018  


    About Amberside Advisors Ltd:

    Amberside Advisors, previously known as Clubfinance Project Finance, is an independent consultancy providing financial advice to large scale energy, infrastructure and accommodation projects. Specialising in providing financial advisory services to investors and companies, Amberside Advisors supports major infrastructure projects ranging across wind, solar and biomass, road and rail, schools and hospitals, as well as advising on public service delivery contracts in sectors such as healthcare and justice. The company’s financial modelling helps make sense of projects with a variety of different structures, producing simple, transparent models that are easy to understand, which together with its commercial expertise helps get deals done.

    Amberside Advisors is part of the Amberside Group, made up of like-minded but complementary businesses which together are capable of delivering much wider mandates. As a group it can be much more agile than larger firms, providing a seamless service to clients in a thorough, precise and professional manner. Other members of the group include:

    • Amberside Energy, an energy sector renewables technical advisory practice providing development advisory, transaction diligence and asset management services.
    • Amberside Capital, an FCA-regulated fund management and corporate finance business with a reach across retail and institutional markets.
    • Amberside Accounting, an ICAEW-regulated accountancy practice providing high quality reporting on the performance of infrastructure and renewables assets.
  • Amberside 5:36 pm on March 12, 2018  


    London, UK, 12 March 2018 – Amberside Advisors Ltd, formerly Clubfinance Project Finance Ltd, has announced the appointment of Richard Turner as Head of Infrastructure. The company has also changed its name to align with other Amberside Group companies that serve the infrastructure and energy markets.

    Richard Turner was previously Commercial Director and Head of Project Finance at Carillion, and joins Amberside Advisors as part of the company’s fast growing advisory practice to the infrastructure and renewables sector. He has a strong industry track record, having financially closed more than 35 projects since 2002, raised £5bn of senior debt and secured in excess of £250m of equity. He led the financing and refinancing of a range of high profile projects and developed investment activities in overseas markets, working with domestic and international banks, export credit agencies and multilaterals (UKEF, OPIC, USExim, EDC, EBRD and EIB), and international investors.

    Paul Austin, Director, Amberside Advisors commented, “We are extremely pleased to have someone of Richard’s calibre join our management team as we continue to broaden our offer to a fully-fledged financial advisory consultancy firm for major projects. Over the last decade, we have built a solid reputation for high quality work with large infrastructure investors. Richard’s track record and international experience will help us to build upon this.”

    Richard Turner added, “I am delighted to have joined this well-regarded practice to help grow their greenfield and brownfield infrastructure advisory offering. I am impressed by the quality of personnel, their strength in fund level advice as well as their unparalleled experience in supporting over 800 operational renewables and infrastructure assets. I am looking forward to help grow the range of transactional services.”

    “With more than 30 professionals, Amberside Advisors has real strength in depth, enabling it to deliver high-value, client-focused advice. Its long-term commitment to the market supported by strong personal relationships and continuous focus on quality, means it can compete with the best in the market,” Richard Turner adds.

    With the announcement, the company also changed its name to Amberside Advisors, to properly reflect its financial consultancy and advisory services. Paul Austin says, “Over recent years, the Amberside Group has broadened its reach into other markets by taking equity stakes in businesses such as Amberside Energy, a technical advisory practice focussed on renewables and the wider energy markets. Harnessing this technical experience and in conjunction with Amberside Accounting, this has enabled the group to provide full-service asset management.”

    He adds, “Having made these investments, rebranding our financial advisory practice in line with the rest of the group was a logical step, enabling the delivery of wider reaching mandates.”

  • Amberside 10:59 am on October 16, 2017  


    Neil said: “I am excited to be joining the Board of the Herts Local Enterprise Partnership and also taking up the role of chair of its Programme Management Committee. The LEP has an ambitious programme covering urban renewal, infrastructure and business support and I am looking forward to applying my experience to help the LEP successfully deliver.”

  • Amberside 4:08 pm on September 21, 2017  


    September saw Neeti Anand join Amberside on a four month secondment from Carillion Private Finance. Amberside has a well established and successful history working with the Carillion Private Finance team, particularly with their management of operational PPP assets. Neeti has a strong track record in bidding and closing PPP projects while at Carillion and will bring those skills to support a number of transactions Amberside are advising on.

    Neil Rutledge, head of Advisory & Business Development, said:-

    “Neeti complements our existing team well bringing a wealth of experience and commercial knowledge to the team. Her experience in bidding large scale PFI projects will be beneficial for the renewables mandates that our advisory and modelling teams are working on. Neeti will also be able to provide support to a mandate with the African Development Bank, with her Zimbabwean heritage providing a helpful dynamic!”

    Neeti Anand, Secondee, said:-
    “I am delighted to be joining Amberside on a four month secondment. Amberside is working in some very interesting areas and participating in some very exciting bids. I look forward to using my current skills to assist with these bids as well as broaden my horizon in a new dynamic environment.”

  • Amberside 12:00 pm on June 30, 2017  


    Amberside looks forward to hosting meetings at our new office, in the heart of the City at Warnford Court, close to both Bank and Moorgate stations.

    Having previously shared office accommodation in the building, we have now secured our own space which we will occupy from the start of July. We can accommodate larger client meetings by utilising one of the building’s multiple conference rooms.

    For more information about the location of the London office, click here.

  • Amberside 9:00 am on May 23, 2017  


    Capacity Logo

    Yes, we’ve got a new name! But why?

    It is clear from meeting people across Liverpool City Region and nationally that there is indeed capacity in our communities and systems. There’s capacity to do things differently and better. And, as of now, much of that capacity is untapped.  It might be community groups wanting to run local parks, or individuals dealing with some acute or chronic condition wanting to help others earlier in that journey. Or it might be parents whose children have left home wanting to help isolated adults in their communities.

    (More …)

  • Amberside 3:48 pm on May 15, 2017  


    Amberside Advisors Ltd – one of the most active providers of intelligence on infrastructure projects to investors – has expanded its capabilities with the appointment of Stephen Quinn, who is joining from waste management investor, FCC Environment.

    Stephen has 23 years’ of experience in project finance transactions and is an expert in raising finance for Public-Private Partnership (PPP) and Private Finance Initiative (PFI) schemes.

    In his career, Stephen has worked across Energy, Waste, Rail, and Tram sectors where PPP and PFI projects have been used to deliver economic and social infrastructure, most recently focused on the waste and renewable energy sector.

    Stephen’s role will include bringing Amberside Advisors’s services to a wider client base and extending the firm’s capabilities in the waste sector.

    Neil Rutledge, Amberside Advisors director, said: “Stephen brings additional experience to our advisory team who have worked across waste, biomass and energy generation. His experience in bidding and closing Project Finance transactions will augment their analytical and modelling skills.”

    Stephen Quinn said: “Amberside Advisors is an excellent company staffed by extremely bright and talented individuals. It has built a justifiable reputation for the development of cost-effective financial models that are accessible to non-modellers, whilst delivering the accuracy investors rightly demand. I plan to bring my years of experience in project finance to bear on the business, helping to explore new opportunities where Amberside Advisors could provide valuable services. These could include new jurisdictions or sectors, such as renewable energy and waste where forecasting is increasingly critical to investor outcomes.”

  • Amberside 9:12 am on March 6, 2017  


    Please click here for further information.

  • Amberside 12:02 pm on September 27, 2016  


    Please click here for further information.

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Amberside Advisors Ltd
Paul Austin FCA, Philip Rhoden FCA, Neil Rutledge FCA, David Scrivens FCA
Registered Office:
Clubfinance House, 64-66 Queensway, Hemel Hempstead, Hertfordshire, HP2 5HA
Registered in England. Registered Number: 06078852