UK Climate Investments LLP (UKCI) has been established to invest in renewable energy and energy efficiency projects in developing countries.
UKCI is a joint venture between the Green Investment Group (GIG) and the UK Government’s Department for Business, Energy and Industrial Strategy (BEIS) with a binding commitment of £200m from the UK Government's International Climate Fund which aims to help the world’s developing economies adapt to climate change and promote cleaner, greener growth.
UKCI’s investments will help to fund the build-out of vital new green energy infrastructure in countries with carbon intensive economies and/or limited access to electricity. The current geographical focus is India and Sub-Saharan Africa. These are regions with high demand for new generation capacity where renewables present a competitive alternative to fossil fuels.
UKCI will invest in green projects on commercial terms, mobilise additional private sector capital and have a transformational impact through the investments it makes. The joint venture will make minority equity investments of c. £10-30m into renewable energy generation and energy efficiency projects.
UKCI has a dedicated team of investment professionals supported by the wider Green Investment Group team and Macquarie Infrastructure and Real Assets' global platform and networks.
UKCI’s first investment was made in 2016 into a partnership platform with Lightsource Renewable Energy to fund the development of large-scale solar power generation assets in India.
Richard is Managing Director of UK Climate Investments (UKCI). The UKCI pilot is an exciting opportunity for MIRA, in partnership with UK Government, to invest £200m of UK taxpayers’ money in innovative green projects in sub-Saharan Africa and India.
Richard brings an extensive range of internal and external relationships to this role, gained during his seven years in MIRA which have encompassed global and pan-European roles, as well as asset management and transaction activity. From his previous career in the UK Government Richard is also well-attuned to the Department of Business, Energy and Industrial Strategy’s important aims for policy learning from the pilot.
Before joining Macquarie in 2010, Richard worked in the UK Civil Service for 16 years across a number of roles in defence, energy, the Cabinet Office and latterly as Principal Private Secretary to three Secretaries of State for Business. Richard also served in the Cabinet Office as Principal Private Secretary to the Cabinet Secretary, the most senior civil servant in Britain.
Richard has since 2014 served in a personal capacity on the board of the UK Government-backed Start Up Loan Company. He supports his community as Treasurer of a local heritage charity.
Richard has a Master of Arts from both Glasgow University and the University of British Columbia.
Senior Vice President
Senior Vice President
Amit Rama is Director of UK Climate Investments, a joint venture between the UK Green Investment Group Limited and the UK Government’s Department for Energy and Climate Change.
A qualified chartered accountant, Amit has 14 years of experience as a corporate finance advisor. He has eight years specialist experience in the renewable energy sector including three years with the UK Green Investment Group’s investment banking team focusing on the waste and bioenergy and offshore wind sectors.
Amit formerly held positions in the natural resources and utilities sector M&A advisory team at Nomura International, Argent Partners and in financial advisory with Deloitte.
Ana Plecas is Vice President of UK Climate Investments, a joint venture between the UK Green Investment Group Limited and the UK Government’s Department for Energy and Climate Change.
Ana’s background is in international development with a particular focus on infrastructure and climate finance. She started her career at the World Bank in Washington, DC and has 10 years of specialist investment experience in project finance transactions in emerging markets. She spent the last five years working for a leading UK-based developer and has successfully originated and executed several power generation projects across sub-Saharan Africa.
Ana holds a Master of Arts in International Affairs from the School of Advanced International Studies (SAIS), Johns Hopkins University.