Zouk Capital takes majority stake in Green Hedge

The investment will be used to develop, build and operate Green Hedge's battery energy storage projects over the next 12 months. The developments will initially target the ancillary service market and will be focused in the UK.

Zouk took a majority share in the company through a holding company, with its stake in excess of 75%, according to publicly available documents. The capital for the deal was sourced from Zouk's second European Renewable Energy Infrastructure Fund, which raised €220m upon closing in 2014. The fund has now deployed 70% of its capital, the GP confirmed. 

Company
Green Hedge develops tailored electricity generation and storage that helps businesses improve energy security and their environmental footprint. Established in 2010, the group has developed more than 200 megawatts of renewable energy projects to date, with a focus on large-scale grid-connected and on-site generation solar photovoltaic systems.

In the year to June 2016, the company generated turnover of £1.2m, but made a loss of £3.4m.

People
Zouk Capital – Massimo Resta (partner).
Green Hedge – Niels Kroninger (managing director).

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