Sustainable Development Capital, SDCL, that it has now raised over USD2 billion for investment in energy efficiency, announced at Built Environment Day for COP26 in Glasgow.
SDCL manages the SDCL Energy Efficiency income Trust plc (SEIT), which is listed on the main market of the London Stock Exchange, which has grown to over GPB1 billion equity market capitalisation. Through a combination of growth of its private equity infrastructure platform and the IPO of the SDCL EDGE Acquisition Corporation (SEDA) on the New York Stock Exchange in October, SDCL has now raised over USD2 billion for investment in energy efficient projects and companies.
SDCL’s investments involve a large portfolio of on-site generation projects such as roof-top solar, storage, combined heat and power, renewable heat, green gas and industrial energy recycling for a wide cross section of the built environment, from datacentres to schools and hospitals, from small commercial buildings to large district energy networks and major industrial facilities in high emission sectors such as steel and chemicals. These investments reduce the inefficiency of supply, where some two thirds of energy can traditionally be lost in the generation, transmission and distribution process. Other investments involve projects that reduce demand for energy at the point of use, where some 70 per cent of the world’s energy is used in buildings, industry and transport. Solutions include improvements in lighting, heating, ventilation, air conditioning, building energy management systems and controls.
SDCL’s investment portfolio is broadly evenly split between Europe and North America and also includes projects in Asia. SDCL can invest in high quality projects throughout their project development lifecycle, anywhere from concept to long term operations. It can also invest selectively in private companies in what it describes as the EDGE markets, ie efficient and decentralised generation of energy, at various stages of growth up to IPO.
Read more/Source: Private Equity Wire
