The Silverfern Group, with Co-Managing Partner Clive Holmes has made a recent investment, which is their fifth portfolio follow-up investment in the last 18 months.
They have completed a follow-up into the Silverfern portfolio company Broad River Power Holdings. Broad River Power Holdings is a 5×0 Simple Cycle Generating Facility that produces electricity as part of its long-term tolling agreement with Gaffney, South Carolina. The units are able to be on the grid and they can help to supply power within 15 minutes during peak times or during emergencies.
As Silverfern’s Clive Holmes explained, “The opportunity to expand our investment in Broad River in partnership with Arroyo further demonstrates that by partnering with lead investors with deep industry and local knowledge, we can identify and access value where other investors may not be able to do so. Capturing this value on investment allows Silverfern to potentially deliver a higher return to our investors than might otherwise be commensurate with the risk underwritten in an infrastructure investment such as Broad River.”
When describing Broad River, Silverfern Managing Director Brooks Klimley said, “Broad River is a modern, efficient facility that is playing an increasingly important role in the provision of clean, reliable electricity to consumers in North and South Carolina.”