Environmental Finance News Round Up: Foresight, EU Carbon Market, OS-Climate, SDCL, and more

General/ 04 February 2021

SDCL to issue £100m in shares

The board of SDCL Energy Efficiency Income Trust has announced a proposed placing to raise approximately £100 million ($136 million) through an issue of new shares, at a price of 106 pence per share.

The London-listed investment trust recently invested in commercial and industrial solar projects across the US in conjunction with Onyx, investments into energy efficiency projects across the US in conjunction with Sparkfund, and investments into electric vehicle charging infrastructure projects across the UK in conjunction with EV Networks.

The Investment Manager is currently progressing a number of new investment opportunities, with a combined value in excess of £100 million, which are at advanced stages of negotiation or due diligence, which, if acquired, would provide further geographic and technological diversification to the existing portfolio.

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