SDCL closed USD711 million Energy Efficiency Infra Fund 

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.