NextEnergy Capital Launches Renewable Energy Partnership with ACP Capital

London, April 15^th, 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.