Utilities

Ancala first invested in Portsmouth Water in 2018. Ancala was attracted to Portsmouth Water because of its leading operational performance and the opportunity to develop the Havant Thicket reservoir. We made an unsolicited approach to the shareholders of the company....

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...

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...

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...

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...

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...

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...

Under the terms of the agreement, the CIB has committed a CAD 100 million loan for upgrades to heating and cooling systems performed by Noventa through an Energy-as-a-Service (EaaS) delivery model. Additional funding will be provided by way of private...

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...

Noventa is a global renewable energy company which provides a full suite of services to decarbonise the heating and cooling of buildings. It has an existing pipeline of projects across Canada, the UK and the US. Ancala has made the...