Sustainable Development Capital LLP (SDCL) has closed its energy efficiency infra fund at its EUR 650 million target (USD 711 million), with EUR 125 million (USD 136.6 million) coming in from the European Investment Fund as the largest investor.
The GESF focuses its investment efforts on projects that facilitate the transition to sustainable energy, particularly emphasizing energy efficiency, on-site power generation, and clean energy solutions. With a 15-year duration, the fund is dedicated to sustainable investments in Europe and the USA, with a primary goal of supporting the energy transition and addressing climate change. By investing in key environmental infrastructure, GESF aligns with market incentives, including those provided by mechanisms such as the EU Just Transition Fund, the EU Industrial Energy Transformation Fund, and the US Inflation Reduction Act. The fund has already committed investments to significant industrial projects, implementing on-site power and heat solutions utilizing established technologies like solar PV, heat recovery, carbon capture, storage, and energy conservation measures.
A EUR125 million (USD 136.6 million) investment from the European Investment Fund, supported by the InvestEU program, will further empower GESF to finance and bring to market projects that contribute to achieving the EU's net-zero goals and emissions reduction targets outlined in the Paris Agreement.
BP has completed repowering its 300 MW Fowler Ridge 1 wind farm in northwest Indiana, USA.
Read moreArevon has completed the financing for a 157 MWdc of solar coupled with 150 MW/600 MWh of battery energy storage project in California, US.
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DE Shaw Renewable Investments (DESRI) has started operations on its 100 MW solar energy farm (Drew Solar) in Imperial County, California, USA.
Read moreOpdenergy has closed a US$252 million project financing package for two solar projects in USA.
Read moreAvangrid and the Connecticut Electric Distribution Companies have agreed to terminate power purchase agreements (PPAs) for the 804 MW Park City Wind offshore project in Connecticut, USA.
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