SDLC Energy Efficiency Income Trust
Date: 2020-09-11
In the UK, London-based SDLC Energy Efficiency Income Trust (SEEIT) is reporting acquisition of £5 million of combined heat and power (CHP) assets from GET Solutions, with an additional £12 million pipeline to follow.

The projects in the initial portfolio have been designed to provide the base-load energy generation to meet the operational needs of the hotels, irrespective of their levels of occupancy.

The initial 15 CHP units, some of which are already operational, are sited at Holiday Inn and Crowne Plaza hotels, both brands of Intercontinental Hotel Group. There is a follow on pipeline of up to 51 units in the UK hotel sector.

SEEIT will own the assets that provide essential services to the buildings throughout the 15-year life of the project contracts. GET Solutions is providing performance and revenue guarantees. SEEIT also has rights to invest in a pipeline of over 100 projects with GET, involving up to £30 million of investment in CHP, solar and storage projects. (Source: SDLC Energy Efficiency Income Trust, Sept., 2020) Contact: SDLC Energy Efficiency Income Trust, +44 (0) 20 7287 7700, +44 (0) 20 7287 7700--fax, info@sdcl-ib.com, www.seeitplc.com

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Primary Energy,Fortistar,ArcelorMittal
Date: 2020-01-13
White Plains, New York-based Fortistar and its partners are reporting an agreement to sell 50 pct of the shares of Primary Energy to SDCL Energy Efficiency Income Trust (SEEIT).

Primary Energy Recycling has a 298 MW portfolio of waste heat-to-power (WHP) and combined heat and power (CHP) plants located at two of the most efficient steel mills in North America belonging to ArcelorMittal S.A. and United States Steel Corporation, selling discounted electrical and thermal energy to the mills under long-term stable contractual arrangements.

The transaction is expected to close in Q1 2020 with Fortistar continuing to manage the company.

Fortistar's portfolio of associated companies includes Generational Power, TruStar Energy, Primary Energy Recycling, Fortistar Methane Group, Fortistar Biomass Group, Carbonfree Chemicals, Golden Renewable Energy and ClockIN.

SDCL Energy Efficiency Income Trust plc is the first London Stock Exchange-listed company of its kind to invest exclusively in the energy efficiency sector. (Source: Fortistar, PR, Jan., 2020) Contact: SDCL Energy Efficiency Income Trust plc, www.sdcleeit.com; Primary Energy, Mo Klefeker, CEO, 630-371-0505, www.primaryenergy.com Forttistar, Mark Comora, CEO, (914) 421-4937, MComora@fortistar.com, www.fortistar.com

More Low-Carbon Energy News Primary Energy,  ArcelorMittal,  Fortistar,  Energy Efficiency,  

Tesco
Date: 2019-06-21
In the UK, SDCL Energy Efficiency Income Trust (SEEIT) reports it will install 5 MW of rooftop solar at retail grocery chain Tesco stores across the country.

Under the deal, SEEIT will install, own, and operate up to 5MW of new rooftop solar capacity at Tesco buildings across the UK, with the retailer drawing down the power via a PPA for each site. Renewables developer Kingspan will collaborate on financing, building and operating the sites. Financial terms for the deal were not disclosed.

Tesco is targeting a switch to 100 pct renewable electricity by 2030, as part of its Science-Based Target to reach net zero emissions by 2050. (Source: TESCO, BusinessGreen, 20 June, 2019) Contact: SDCL Energy Efficiency Income Trust, Jonathan Maxwell, CEO, www.sdcleeit.com

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SDCL Energy Efficiency Income Trust
Date: 2019-03-08
Further to our 12 December, 2018 report, London-headquartered SDCL Energy Efficiency Income Trust plc, which is managed by Sustainable Development Capital (SDCL), reports it has acquired a 71 pct interest in a high-quality Combined Heat and Power (CHP) portfolio of eight US operating CHP projects totaling 2.5MW of CHP and 1,250 tonnes of cooling capacity for $5.0 million cash.

Six of these CHP projects are being acquired from a well-known US manufacturer and installer of CHP units and solutions. The remaining two projects are being contributed by a fund managed by a US subsidiary of SDCL, which will result in that fund owning the remaining 29 pct interest in the combined portfolio.

This acquisition represents SEEIT's first new investment since listing on the London Stock Exchange and acquiring the seed portfolio in December 2018. (Source: SDCL, Private Equity Wire, 7 Mar., 2019) Contact: SDCL Energy Efficiency Investments, SDCL Energy Efficiency Income Trust, Jonathan Maxwell, CEO, www.sdcl-ib.com

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SDCL Energy Efficiency Income Trust
Date: 2018-12-12
Further to our 26th November coverage, in a London launched IPO, shares in London's first listed energy efficiency fund -- SDCL Energy Efficiency Income Trust (SEEIT) -- began trading yesterday as the firm raised £100 million. Proceeds from the IPO will go towards acquiring a seed portfolio, which will invest in energy efficiency related projects.

The SEEIT fund is hoping to capture the move towards carbon footprint reduction and decentralized energy generation. SEEIT is targeting £150 million and a total return of 7 pct to 8 pct per year, with a targeted initial dividend yield of 5 pct , rising to 5.5 pct in the year ending March 2021. (Source: SEEIT, Energy Voice, Dec. 11, 2018) Contact: SEEIT, Jonathan Maxwell, CEO, +44 (0) 207 287 7700, Fax - +44 (0) 207 806 8100, info@sdcl-ib.com, www.sdcl-ib.com

More Low-Carbon Energy News Energy Efficiency,  SEEIT,  

Sustainable Development Capital
Date: 2018-11-26
In the UK, London-based Sustainable Development Capital (SDC) managed SEEIT, the only such firm listed on the London Stock Exchange investing exclusively in the energy efficiency sector, reports it plans to float a &150 million IPO within a few weeks. SEEIT will target a total return of 7 pct - 8 pct per annum, with a targeted initial dividend yield of 5 pct rising to 5.5 pct in the year ending 31 March 2021 and a growing yield thereafter.

The SDC managed trust will initially invest in a portfolio of nine projects valued at £57 million and £30 million worth of contracts across the UK. The tech-heavy projects include combined cooling/heating and power plants at a Citi data centre and St Bartholomew's Hospital in London, as well as LED lighting projects for hundreds of Santander properties. The company expects the final applications and commitments under the offer and initial placing to close on 5 December, with the publications of the result of the IPO set for 6 December. (Source: Sustainable Development Capital, Investment Week, 23 Nov., 2018) Contact: Sustainable Development Capital, +44 (0) 207 287 7700, Fax - +44 (0) 207 806 8100, info@sdcl-ib.com, www.sdcl-ib.com

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