Green and Renewable Energy Sector Sees Continued Investment

London, August 20, 2007 ... Investor interest in the green and renewable energy market continues to grow, fuelled by the increasing desire among investors to invest in a socially responsible manner, along with the sustainable growth opportunities the sector offers in light of ongoing political pressure to find alternative sources of energy.

"Increasing numbers of green and renewable energy companies are seeking London listings, on both the Alternative Investment Market and the Main Market, capitalising on the growing appetite among investors for green and renewable energy assets. This demand is attracting both domestic and international renewal energy companies to London and we expect to see a number of listings from these companies in the near future," commented White & Case partner Allan Taylor.

White & Case recently advised IdaTech plc, a global leader in the development of environmentally friendly fuel processing technology and fuel cell systems, on its Initial Public Offering on the Alternative Investment Market, which valued IdaTech at approximately £50 million. Proceeds from the flotation will principally be used for the continual development of its fuel cell products and processing technology, which produces pure hydrogen for fuel cells and other applications. Dresdner Kleinwort acted as global coordinator, underwriter, bookrunner, nominated adviser and broker. 

The White & Case team advising on the deal was led by partner Allan Taylor, working closely with partners Andrew Weiler and Oliver Brettle, associates Nicholas Greenacre, Irwin Hung and Anthony Oates and trainee solicitors James Rimmer and Elizabeth Lindsay in London, as well as partners Laura Sizemore and Colin Diamond, counsel Mark Hamilton and associate Marten Olsson in New York.

Last year, the Firm, led by partner Andrew Weiler and associate Andrew Macklin, advised Investec Bank, the international specialist banking group, on its acquisition of the IdaTech business from IDACORP, Inc., a US energy company listed on the New York Stock Exchange. Investec continues to be the largest shareholder in IdaTech after the flotation.

About White & Case
White & Case LLP is a leading global law firm with more than 2,000 lawyers in 35 offices in 23 countries. Our clients value the breadth and depth of our US, English and local law capabilities and rely on us for their complex cross-border commercial and financial transactions and for international arbitration and litigation. Whether in established or emerging markets, the hallmark of White & Case is our complete dedication to the business priorities and legal needs of our clients.

Contact:
James Martin
Media Relations Mgr EMEA, White & Case
44 0 20 7532 2853/ 44 0 7939 012 011


Alexandra Henderson
Media Relations Executive, White & Case
44 0 20 7532 2848