Our 2023 AGM in Iceland

The Ancala team – supported by a number of our portfolio company CEOs - provided detailed updates on our investment strategy, fund performance and deep-dive insights into the performance of our portfolio. The CEO roundtable discussion and Q&A with Ancala’s...

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Supporting a more sustainable future

2022 was an important year in which we demonstrated the resilience of our approach in changing market conditions. In the face of unprecedented uncertainty, we remained agile and flexible to work closely with our portfolio companies and create value for...

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HS Orka acquires hydroelectric power plants in Northeast Iceland

HS Orka is Iceland’s largest privately owned producer of renewable energy and has been producing 100% renewable energy for over 45 years. It owns and operates two geothermal power plants, Svartsengi and Reykjanes Power Plant on the Reykjanes Peninsula, a...

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Ancala-backed renewable energy specialist Biogen acquires five new plants

Biogen produces renewable energy and nutrient-rich fertiliser from recycling organic waste, most of which would otherwise be sent to landfill. It works with supermarkets, the hospitality industry, food manufacturers, farmers and local authorities to source and recycle organic waste. Biogen’s...

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Ancala-backed Portsmouth Water set to “re-wild” 80 hectares as part of Havant Thicket Reservoir project

The water company has entered into an agreement with the Pig Shed Trust, a charitable trust with an excellent track record of environmental improvements, to turn agricultural areas of South Holt Farm into a sanctuary for wildlife. The land is...

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Ancala announces £551m Growth Fund to increase support for portfolio companies focused on the energy transition

The new fund (Ancala Essential Growth Infrastructure Fund) was oversubscribed and will support Portsmouth Water, Biogen and Leep Utilities only. It contains commitments from a diverse range of institutional investors from Europe, North America and Asia. Portsmouth Water is an...

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Ancala announces new Partners alongside promotions across its investment team

Tim Power and Ankur Ajmera have been promoted to Partner. Tim joined Ancala in 2015, while Ankur joined shortly afterwards in 2016. Both Tim and Ankur have played a pivotal role in identifying and completing successful investments, developing and enhancing...

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Ancala acquires a 75% interest in Fjord Base

Semi AS (‘the Sellers’) are retaining a strategic interest and therefore partnering with Ancala in the future operation and development of the base. Fjord Base is Norway’s largest supply base by area and is located at Florø on Norway’s western...

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Ancala portfolio company, Portsmouth Water, achieves key milestones towards development of first major reservoir in the UK since 1980s

The reservoir will be the first major new water storage reservoir in the UK since the 1980s, and has been enabled by an innovative financial, regulatory, and commercial partnership between Portsmouth Water and key project stakeholders. This includes agreeing a...

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2021 Year-end Review

Over the last eleven years at Ancala we’ve built a business we’re proud of, with an experienced, collaborative and focused team, and a strong track record.  Following the challenges 2020 brought, this year we continued to adapt to the changing...

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