The European Investment Fund (EIF) has invested EUR125m in the ‘Green Energy Solutions Fund,’ operated by Sustainable Development Capital (SDCL), as reported by Reuters on November 20. This private fund aims to construct power projects, focusing on locations like hospitals and data centers to reduce energy wastage. The EIF’s investment helped the fund reach its fundraising target of EUR650m. This marks EIF’s first investment in a fund specifically addressing energy efficiency, aligning with EU priorities in combating climate change. The fund plans to deploy 66% of its capital within the EU.
The initiative addresses the significant energy wastage issue, with the SDCL CEO emphasizing the importance of reducing energy loss in the entire energy production and distribution process. The fund will support projects such as solar power plants, waste-to-heat facilities, and building retrofits. Other investors in the fund include M&G Investments and the Ireland Strategic Investment Fund, with expectations of favorable returns due to market incentives. The EIF typically invests in funds with a focus on areas where it adds value without crowding out private investors.
资料来源
https://www.reuters.com/sustainability/eu-backs-fund-focused-cutting-energy-wastage-2023-11-20/
