Ludgate backs Tamar Energy

Ludgate joins previous investors RIT Capital Partners, Fajr Capital, the Duchy of Cornwall and other private investors.

The investment will fund the construction and development of anaerobic digestion plants to product renewable energy.

Fresh capital was drawn from the Ludgate Environmental Fund vehicle, which launched in 2007 and currently has assets of approximately £39m under management.

Previous funding
In February 2012, RIT Capital Partners and Fajr Capital co-led a £65m funding round for Tamar, alongside other investors including the Duchy of Cornwall, Lord Rothschild's Family Interests, Sustainable Technology Investments, Low Carbon Ventures and the management team.

Company
Founded in 2012 and based in the UK, Tamar Energy produces energy from organic waste. The firm is developing a UK network of around 40 anaerobic digestion plants, which convert organic waste into gases in the absence of oxygen, and aims to generate 100MW of green electricity in the next five years.

People
Bill Weil is chief investment officer at Ludgate Environmental and led the transaction. John Shakeshaft is the manager of Ludgate Environmental Fund. Alan Lovell is executive chairman of Tamar Energy.

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• Ludgate Investments Ltd