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Capital Dynamics Acquires Power Plant Portfolio from UK Coal

Private asset manager Capital Dynamics has acquired a 26-megawatt portfolio of gas-fired power plants from UK Coal. The portfolio consists of four sites located in North Yorkshire and the East Midlands that recover waste mine methane and convert it to electricity, which is sold under long-term sales contracts with both UK Coal and other major UK energy suppliers.

PRESS RELEASE

Capital Dynamics, as the private asset manager for a leading UK pension
fund, is pleased to announce the successful acquisition of a 26-megawatt (MW) portfolio of gas-fired power
plants from UK Coal PLC. The portfolio consists of four sites located in North Yorkshire and the East Midlands
that recover waste mine methane and convert it to electricity, which is sold under long-term sales contracts with
both UK Coal and other major UK energy suppliers.

Capturing waste mine methane to produce electricity is an important step toward more sustainable energy
production. Preventing methane – a 25-fold more potent greenhouse gas than CO2 – from escaping directly into
the atmosphere helps reduce the emission of greenhouse gases resulting from coal mining. The assets
acquired by Capital Dynamics are well-proven gas engine technology in widespread use throughout the
industry.

The Capital Dynamics Clean Energy and Infrastructure (CEI) team previously established an innovative soleinvestor
ownership structure in conjunction with a specialist operations and maintenance entity to oversee the
day-to-day management of a 64-MW UK landfill gas portfolio acquired in January 2012. The 26-MW coal mine
methane portfolio acquisition increases the scale and diversification of the original investment and is a natural
addition to this cash yield focused structure, allowing the achievement of operational synergies, reduced
investment risk and increased cash flows. Capital Dynamics will manage these assets under a long-term
agreement.

“The successful acquisition of this portfolio of methane-to-power assets is a testament to the CEI team’s
accomplished sourcing and execution abilities,” said Rory Quinlan, Managing Director in Capital Dynamics’ CEI
team. “It is another tangible example of our broad industry and operational experience, and ability to structure
bespoke investments for our institutional clients.”

“We are pleased to have completed what has the potential to be another strong and long-term cash-yielding
investment for our investment partner,” said Stefan Ammann, CEO of Capital Dynamics. “The transaction
highlights the firm’s ability to provide our investment partners with opportunities that feature the capacity for
regular and long-term cash generation.”

Capital Dynamics’ CEI team

Capital Dynamics’ CEI team collectively holds over 100 years of experience in investing, financing, owning and
operating conventional and clean energy businesses globally. Established to capture attractive investment
opportunities in this new class of real assets, Capital Dynamics’ CEI business mandate is to invest directly in
proven clean energy technologies – such as solar, wind, biomass, geothermal, small hydro and landfill gas –
across the globe. Since establishment of Capital Dynamics’ CEI business, the CEI team has successfully
acquired, built and now manages more than 100 megawatts of clean energy capacity in North America and
Europe.
Capital