Triangulation

At Ampersand Energy Partners, our investment analysis uses a triangulation approach based on project size, location and technology. We focus on technologies and regions where we are building our core competencies. We target smaller-sized transactions, in the range of $5 to 30 million to minimize competition. Our expertise within this niche allows us to optimize return on investment for our stakeholders.

Investment Criteria

Ampersand seeks small negotiated transactions in the $1 million to $20 million range, with returns commensurate with the associated risk. Ampersand does not exclusively seek assets with long term contracts, and Ampersand need not take a 100% interest. However, the asset must provide for positive cash flow, have the potential for expansion or optimization, and if uncontracted have access to either organized power markets or robust bilateral contracts markets.

Provision Of Late Stage Development Financing

In addition to purchasing existing small power production facilities, Ampersand provides late stage development equity to new projects and for the expansion of existing facilities. When providing late stage development equity, Ampersand generally seeks a minimum 50% equity interest, return of initial investment at closing of permanent financing, and control or input into all negotiations regarding permanent financing and sale of the output from the facility. Ampersand will consider taking on some permitting risk, and will consider merchant facilities. In addition to providing equity, Ampersand is also able to contribute significant intellectual capital to the project, given the extensive global experience of Ampersand principals.

Copyright 2008. Ampersand Energy Partners LLC