Amberside Advisors' projects

Our client has acquired a majority stake in a UK-based solar portfolio with two sub-portfolios and was in the planning stage for further asset acquisitions in the sector. As part of the onboarding exercise, they were looking to commission a planning model for asset management and KPI purposes. Having worked previously with Amberside Advisors on other renewable assets, the client knew we were best placed to build them a dedicated model that would help them quickly understand the value of the portfolio.

Amberside Advisors provided financial due diligence to a client who acted as an advisor during the onshore wind farm acquisition deal, and who will manage the investment going forward. The transaction is due to complete in the second half of 2024.

Amberside Advisors and Steer are pleased to announce the successful outcome of their bids for the Heat Network Zoning Framework from Department for Energy Security and Net Zero (DESNZ). We are proud to have been selected across three key areas of the framework, making significant step forward for our Energy Transition team.

Amberside have been working with Sunderland City Council on their development of an International Advanced Manufacturing Park (IAMP) which is set to play a huge role in the area’s high-profile decarbonisation efforts.

The North East Local Enterprise Partnership (LEP) covers the sixth largest geographic region in England, at just over 3,000 square miles. Within this area, a significant pipeline of regional energy projects has been identified, the largest subset of which is the £500m Heat Networks pipeline.

Deutsche GigaNetz GmbH is a telecommunications provider focusing on the roll out and operation on fibre-to-the-home broadband in suburban and semi-rural regions of Germany. It aims to reach 2.1 million homes by 2030. During an intense phase of growth, Deutsche GigaNetz appointed Amberside Advisors to provide an operational model to monitor the rollout process, however our role has significantly extended beyond the original scope.

We are delighted to announce that we have advised Semperian PPP Investment Partners on the acquisition of a stake in Merseyside Energy Recovery Holding Limited from I-Environment Investments Ltd.

Amberside has supported Kao Data, the specialist developer and operator of data centres engineered for AI and advanced computing, on financial model development and funding proposals to refinance its existing debt facilities, reaching financial close in January 2024.

Bristol City Leap is an innovative partnership between Bristol City Council and Ameresco Ltd which will accelerate green energy investment in Bristol and help towards decarbonising the whole city. Over the next five years, Bristol City Leap will invest nearly £500 million into low carbon energy infrastructure, such as solar, wind, heat networks, heat pumps and energy efficiency measures.

Lewisham Gateway is one of the largest regeneration schemes in the Southeast England. Once complete, the scheme will be operated by Get Living and provide over 1,000 new homes, 25,000 sq ft of retail space, 15,000 sq ft of restaurant and socialising space, further 10,000 sq ft of offices and the borough’s first major multiplex cinema. Completion of the final phase of Lewisham Gateway is anticipated at the end of 2023.

Since 2021, Amberside Advisors have been acting as corporate finance advisor to the North London Waste Authority (NLWA) to help raise financing for its £1.2 billion heat and power project, which addresses the future waste disposal needs of seven London boroughs.

Neil Rutledge, Director at Amberside Advisors Ltd and lead Financial Advisor to North London Waste Authority, commented: “We are delighted to have secured the maximum amount available from HM Treasury for this highly eligible Local Infrastructure project. It was in our mind, when the bidding window opened on 1st Jan 2019, that widespread use of prudential borrowing by other local authorities might crowd out more essential infrastructure and elicit a reaction from HM Treasury which, if not addressed, could harm the project’s prospects. Our client, North London Waste Authority, agreed. When a month ago, HM Treasury duly sought to put the brakes on more general borrowing, by adding 1% to the margin over gilts paid by Local Authorities, our foresight in pursuing this funding source became clear. That we have secured £100m at a cost of Gilts plus 60bp for our client represents a strong start to a more comprehensive funding programme we are now putting in place.”

We are proud to announce that Amberside Advisors have been supporting Greenvolt Energias Renovaveis SA and their funders with their latest acquisition and refinancing of Kent Renewable Energy Limited (KREL), a CHP biomass EfW facility, in a deal worth ca. £200m. The plant is fully operational and has a production capacity of 28.1 MW of electricity and 25 MWth of heat.

Amberside Advisors were appointed to build a planning and budgeting model for telecoms towers portfolio by an infrastructure investment fund. After acquiring a stake in the mobile towers joint venture, our client needed a dedicated model that would help them understand the evolving value of the newly acquired asset.

Cranfield University has devised an Environmental Strategy that includes a goal of achieving Net Zero Carbon emissions by 2030. Additionally, the university has been closely monitoring developments in the UK’s “Energy Transition” and the growing emphasis on Smart Local Energy Systems (SLES) in government policy.

Over the recent years, we have been supporting African Development Bank with mobilising their financial modelling team, streamlining their processes, and providing comprehensive training programme.

Since 2021, Amberside Advisors, has been a part of a consortium – Triple Point Heat Networks Investment Management, a delivery partner to the Department for Energy Security and Net Zero (DESNZ), set up to promote and provide government funding for heat network projects from its £300m+ Green Heat Network Fund (GHNF).

Amberside Advisors are pleased to share the progress of North London Waste Authority (NLWA) Energy Recovery Facility, which received the green light from Councillors on the 25th of June allowing bids for the project to construct the facility. Amberside are Financial Advisors to NLWA and previously secured £100m of funding for the project in November 2019 at a reduced rate of Gilts plus 60bp from HM Treasury. Amberside look forward to our continuing work with NLWA and assisting them in securing additional value-for-money finance for the project.