LCA seeds feed-in-tariff company

Low Carbon Accelerator (LCA) has made its first new investment in 18 months.

The company has provided £500,000 of seed capital to Vigor Renewables in the form of non-voting preference shares with rights over 90% of the distributable profits. Vigor has been set up to take advantage of the recently announced UK feed-in-tariffs. It aims to partner with land and commercial property owners to build, own and operate wind and solar power generating assets on sites across the UK. Beginning in April 2010, the tariffs guarantee an inflation linked income for sub-5MW renewable energy projects, payable to the developer for 20 years in the case of wind developments and 25 ...