NextEnergy Capital Launches Renewable Energy Partnership with ACP Capital

London, April 15th, 2008 NextEnergy Capital, the European merchant bank focused on the renewable energy sector, announces today that it has established a platform for the acquisition and development of renewable energy assets in Europe with ACP Capital Limited (“ACP Capital”; LSE AIM: APL.LN), the merchant bank and asset manager focused on European small and medium sized enterprises.NextEnergy Capital was launched with a commitment to develop and manage equity investments of at least €150m and with a target investment capacity of approximately €1.5 billion.

In this first initiative, the Company will act as the exclusive investment manager to the newly formed vehicle, ACP Capital NextEnergy Initiative Limited (“ACPNE”) which has received initial equity commitments of €50 million from ACP Capital and Next Energy Capital’s partners. ACP Capital is retaining the option to raise additional capital once the first €50m has been fully invested.NextEnergy Capital is targeting opportunities across the technology spectrum (principally solar, wind, biomass, hydro and geothermal) and has a growing pipeline of transactions under negotiation. The Company will procure and advise on early-stage development projects, plants under construction and operating assets across Europe for ACPNE to invest in.