LCA Low Carbon Acc.

TIDMLCA

RNS Number : 0389R

Low Carbon Accelerator Limited

28 October 2011

28 October 2011

Investment Update: Vigor Renewables Limited

Low Carbon Accelerator Limited ("LCA" or "the Company") announces that it has invested a further GBP200,000 in Vigor Renewables Ltd ("Vigor") in the form of a secured loan to provide the company with essential working capital for the development of its existing asset pool.

Vigor is a project development company that aims to partner with land-owners, as well as commercial property owners and managers, to build, own and operate wind and solar power generating assets on sites across the UK.

About Vigor Renewables Ltd: WWW.VIGORRENEWABLES.CO.UK

About Low Carbon Accelerator: www.lowcarbon.gg

Low Carbon Accelerator Limited is a closed ended investment company created to invest in a portfolio of fast-growing low carbon businesses. The Company listed on the AIM Market of the London Stock Exchange on 11 October 2006, raising GBP44.5 million. On 26 June 2009, the Company announced that it had raised a further GBP10 million, net of expenses, following the successful placing of a further 41.6 million shares.

The Company's investment objective is to provide shareholders with an attractive return on their investment primarily through significant minority (predominately 25% and above) holdings in a diverse portfolio of unquoted private companies providing low carbon products and services.

The Company invests principally in companies which provide low carbon products and services across the following sectors:

-- Energy efficiency (reductions in energy inputs at source, improved conversion and reductions at point of use)

   --    Energy generation (sustainable and clean energy, micro and distributed generation) 

The Company's investment strategy is to target trading businesses with patentable technologies and products with a clear commercial application and the opportunity to gain a large market share of a new or expanding market. The Company focuses on businesses with experienced management teams who have developed commercially viable products providing easily adoptable solutions which deliver immediate reductions in carbon dioxide emissions.

Enquiries:

 
Low Carbon Investors Limited      Steve Mahon, CIO           Tel: +44 (0)20 7631 2630 
                                   Andrew Affleck, Chairman 
 
Grant Thornton Corporate Finance  Philip Secrett,            Tel: +44 (0) 20 7383 5100 
                                   Colin Aaronson 
Redleaf Polhill                   Alicia Jennings            Tel: +44 (0) 20 7566 6741 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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