zouk Solar Opportunities Limited Raises EUR 52M to Invest in Solar Infrastructure...

Wed Jun 25, 2008 1:30pm EDT

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zouk Solar Opportunities Limited Raises EUR 52M to Invest in Solar Infrastructure Projects

LONDON--(Business Wire)--
zouk today announces the launch of zouk Solar Opportunities
Limited ("zSOL"), a closed-ended investment company. zSOL will be
managed by zouk and will develop and own a portfolio of solar power
projects in Europe, the Middle East and Asia.

zSOL will provide investment equity in a diversified portfolio of
solar projects in areas where optimal conditions, regulatory support
and tariff structures create a suitable investment profile. zSOL will
target projects in their development phase that utilize proven solar
technologies with an initial focus on solar photovoltaic plants. zSOL
has already identified a pipeline of suitable projects and is looking
to build approximately 40MW within the next 12 months.

Colin Campbell, the zouk Partner dedicated to infrastructure,
said, "zSOL's focus on solar infrastructure projects represents a
significant investment opportunity. This is an exciting time for solar
with strong regulatory and financial support, rapid capacity growth
and on-going technological advances."

Samer Salty, CEO of zouk, commented, "zouk has developed solid
expertise in the industry with investments in solar technology and
distribution companies. zSOL will allow us to leverage our knowledge
in the solar space and take advantage of solar infrastructure
opportunities."

John Mapplebeck, Non-Executive Chairman of zSOL, said, "I am
pleased to say that zSOL was oversubscribed in raising an initial EUR
52m. This will allow us to take advantage of a strong project pipeline
and is particularly encouraging given that we intend raising follow-on
funding with a full listing next year. I look forward to working with
Colin and the rest of the zouk team to make zSOL a success."

Notes to Editors:

About zouk

Founded in 1999, zouk is a London based investment manager
focusing on Cleantech as well as renewable and environmental
infrastructure. zouk currently manages two technology funds and
invests in solar infrastructure projects through zouk Solar
Opportunities Limited.

About zouk Solar Opportunities Limited

zouk Solar Opportunities Limited ("zSOL") is a EUR 52m
closed-ended investment company managed by zouk. The main role of zSOL
is origination, development and ownership of solar infrastructure
projects. zSOL will build approximately 40MW within the next 12 months
and will target projects in their development phase in Europe, the
Middle East and Asia.

For further information please visit www.zouk.com

zouk
Philip Tomlin, Investor Relations
+44 (0) 207 947 3421