SDCL Energy Efficiency makes series of investments

SDCL Energy Efficiency Income Trust (SEIT) has updated investors on its recent investment and financing activity.

SEIT has made an investment commitment of GBP3 million (US$4.1 million) to implement, finance and own the replacement of an energy-efficient chiller system at The LYCRA Company’s Singapore facility. Construction has commenced and commissioning of the system is expected to occur in early 2023.

SEIT has also made a US$5 million debt investment alongside other investment partners to fund the energy efficiency measures in the 303 Battery Street building in Seattle, US. The project entails a 15-story, 112 units net-zero energy apartment building designed and constructed by Sustainable Living Innovations. Project construction is expected to be completed within twelve months and a sale of the building has been pre-agreed with one of the largest multi-family real estate investment trusts in the United States, Equity Residential.