important moment in the evolution of renewable energy generation, the “consolidation phase”. Currently a large number of utility companies are disposing their “non-core” assets to raise capital and repair balance sheets, and this typically includes large portions of their renewable assets. Going forward, increasing the scale of renewable generation capacity will require other types of medium to long- term investors, in particular infrastructure funds and their constituents. By creating high-quality investment opportunities for pension funds, sovereign wealth funds, endowments, family office as well as funds of funds, investment firms like Terra Firma are adding a lot of momentum to this process.
At Terra Firma, we find the opportunity to play a pivotal role in the next chapter of renewable power generation highly motivating. Terra Firma has owned
renewable energy assets since 2003 and has established a strong track record of building renewable energy businesses which operate low-risk, commercially-proven generation technologies characterised by scale, operational excellence and strong cash flow generation capacity.
Over the past decade we have built three best-in-class renewable power generating companies. Our first was Infinis, the UK’s leading independent renewable power generator, which we built from the ground up and in November 2013 took public on the London Stock Exchange. We also own EverPower, a top 20 wind generator in the United States, and RTR, Italy’s largest solar photovoltaic power generator. In 2013, we were ranked by Bloomberg as the largest financial investor in renewable energy in the world.
We are hands-on in our approach to owning and managing our companies and target market-leading levels of operational excellence, maximising efficiencies and driving down costs. For example, in each of our businesses we bring core competencies in-house, so we can closely monitor our operations and ensure they are performing optimally. At Infinis we did this by installing a state-of-the-art control centre from which we monitor every plant and remotely operate them in order to achieve the highest levels of plant availability and energy yield.
With the capital that we have deployed in this sector we have built a portfolio of significant scale; through 20
20/20 - Our Environment
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