Second wind farm investment

HG Capital Trust PLC
02 August 2005

The following is the text of a press release issued by HgCapital, which manages
the investment portfolio of HgCapital Trust plc alongside those of other
clients. The trust, which participates in all of HgCapital's investments, has
committed €0.8 million to Sorne Wind Limited. The funds are expected to be drawn
by April 2006.

        HgCapital announces second wind farm investment in eight months

London,  2 August 2005.  HgCapital the European sector-focused private equity
investor, has invested in Sorne Wind Limited, which has developed and is
constructing the 32MW Sorne Hill wind farm in County Donegal, Ireland. It is
HgCapital's second wind farm investment in less than a year, following its
acquisition of the Tir Mostyn wind farm in North Wales in December 2004. The Tir
Mostyn site is in the final stages of construction and will commence full
operation in October as scheduled. The transaction continues HgCapital's
strategy of building a portfolio of renewable energy assets across Western
Europe.

Tom Murley, a director at HgCapital and head of the Renewable Energy team, said:
'We are very pleased to become a partner in Sorne Wind.  Sorne will capitalise
on the dual advantages of the area's superior wind resources and state of the
art equipment from Enercon, the global leader in wind power technology. This
continues our strategy of investing in quality wind and renewable energy
projects in Europe.  We foresee further investments over the coming months.'

The Sorne Hill project will consist of 16 Enercon E77 turbines, with a total
capacity of 32MWs. When operational from May 2006, the wind farm will generate
enough power annually to light over 20,000 homes and will save approximately
60,000 tonnes a year in greenhouse gas emissions measured against equivalent
fossil fuel generation.  The project will sell electricity to Bord Gais under a
long-term contract.

HgCapital, together with Sorne Wind's founders and developers - Michael Rouse
and John Ward, and a new investor, Seamus MacRory, provided the equity capital
to purchase the shares from two other founding shareholders to complete the
construction of the wind farm.

In addition to HgCapital and sponsor equity, the Sorne Hill project is being
financed by a construction and term loan facility arranged and underwritten by
IIB Bank and KBC Bank.  HgCapital was advised by AL Goodbody and Deloitte.

                                    - ends -

Enquiries:

HgCapital
Tom Murley       [phone]          [e-mail]

Maitland
Suzanne Bartch   [phone]          [e-mail]
Peter Ogden                                   [e-mail]





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