UK government commits £100m to energy funds

Greg Gille
@unquotenews
07 August 2012

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UK Green Investments - part of the government’s Department of Business, Innovation and Skills - has committed £100m to funds managed by Equitix and Sustainable Development Capital (SDCL).

Equitix and SDCL have each been allocated up to £50m to make and manage investments in the non-domestic energy efficiency sector. The public investment will be match-funded with capital from private institutional investors, to eventually support a £100–200m investment programme.

The appointments come as a result of a competition launched in March 2012 by the government, which was seeking fund managers to manage its investments in non-domestic energy efficiency.

The projects considered will include the installation of measures to reduce energy consumption in existing public and private sector buildings, combined heat and power, district heating, street lighting, industrial energy efficiency and biomass-to-heat schemes.

Launched in 2007, SDCL is a specialist financial and investment advisory firm. It seeks to help governments, financial institutions and companies finance and invest in environmental and social infrastructure assets and services. The fund it will manage as part of the project is called UK Energy Efficiency Investments.

Equitix is a specialist infrastructure investor, manager and developer. It focuses on investments in core infrastructure and works in partnership with UK government entities. Equitix employs a team of 32 and is headquartered in London.