Sustainable Development Capital Limited’s listed energy efficiency fund, SEEIT, has bought eight further CHP projects.
CEO Jonathan Maxwell recently told The Energyst that the company sees significant opportunity for onsite generation, in North America, Europe and the UK. Maxwell thinks onsite generation, particularly solar and CHP, is approaching an inflection point akin to that reached by LED lighting around five years ago. He said corporates are driving that shift with “carbon very high on the corporate agenda”.
SEEIT intends to buy existing assets or fund new projects. Its latest acquisition, a 71% interest in eight CHP units for $5m, have been operational and generating cash for a year. The remaining 29 per cent is owned by a US subsidiary of Sustainable Development Capital Limited.
According to SEEIT’s prospectus, its pipeline includes a rooftop solar PV project for a large UK retailer, and co-generation assets in Southern Europe.