Final close for Swiss sustainable energy fund
The European Investment Bank (EIB) has announced the final close for the Solas Sustainable Energy Fund ICAV (SSEF), an EU-focused fund advised by Solas Capital AG, with investment commitments of EUR220 million (US$227.88 million).
The fund focuses on energy efficiency and behind-the-meter renewable energy initiatives. Following the fund's initial EUR140 million debut in February 2022, investors most recently committed an additional EUR80 million. On behalf of the Munich Re Group and other institutional investors, MEAG, the asset manager of Munich Re and ERGO, has made a sizeable donation to SSEF.
SSEF anticipates concluding funding agreements of €50 million by the end of 2022 to fund energy efficiency initiatives all over the European Union. Pipeline projects are expected to result in annual energy savings of 150 GWh and a 42 000 tonnes CO2e reduction in greenhouse gas emissions. For people, owners of small businesses, and larger corporations throughout Europe, these energy savings translate into actual cost savings.
Country updates
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August 31, 2022
Swiss Life Asset Managers launched Fontavis ESG Renewable Infrastructure Fund II
Swiss Life Asset Managers has launched Fontavis ESG Renewable Infrastructure Fund II, its second international renewable energy fund. The Fund has a target size of EUR750 million (US$748.9...
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July 08, 2022
Developers commission 900 MW pumped storage power plant at the Vieux Emosson dam
Alpiq Group, the Swiss Federal Railways (SFR), Industrielle Werke Basel (IWB) and Forces Motrices Valaisannes (FMV), after fourteen years, have commissioned the 900 MW Nant de Drance pumped storage po...
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June 29, 2022
Axpo proposes 15 MW hydrogen project in Brugg
Axpo Holding AG has submitted the building permit application for a 15 MW facility in northern Switzerland that will produce green hydrogen and serve filling stations. About 2,000 tonnes of green hyd...
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June 27, 2022
Swiss municipalities grant approval for 63 MW wind projects in Vaud
The municipalities of Mauborget and Bullet have granted approval for the 63 MW Grandsonnaz onshore wind projects that will be located in the Jorat woods in the canton of Vaud in Switzerland....
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June 20, 2022
SUSI Partners launches new efficiency and transition credit fund
SUSI Partners, through its asset-based structured financing solution, has launched the EUR400 million (US$419.8 million) SUSI Energy Efficiency and Transition Credit Fund (SEETCF). The 15-year v...
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