SDCL Energy Efficiency Income Trust buys more CHP projects

0
Jonathan Maxwell: Significant opportunity for onsite generation

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.

Related stories:

Onsite generation ‘will continue to boom’

Energy fund raises £100m via IPO

Click here to see if you qualify for a free subscription to the print magazine, or to renew.

Follow us at @EnergystMedia. For regular bulletins, sign up for the free newsletter.

LEAVE A REPLY

Please enter your comment!
Please enter your name here