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EUROPE - Platina launches new asset management company

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London-based Platina Partners, a private equity fund manager specialising in renewable energy and buyouts in turnaround situations, has launched a new asset management company, Engineering Renewables Ltd (ERL).

The new company will oversee the development, construction, financial management and operational pipeline of Platina's renewable energy funds.

ERL has been formed from the merger of Your Energy Services, Platina's renewable energy company, and the project delivery arm of BVG Associates.

Patrick Geraets, who has been appointed technical director of ERL, will lead a team of 12 engineers. The new company will focus on delivering Platina's global project portfolio of over 1000 MW of renewable energy projects.

Platina invests in all forms of renewable energy technologies including wind, biomass, small-scale hydro and solar.

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