Liberum SDCL Energy Efficiency Income  Acquisition activity

General/ 02 October 2020

SDCL Energy Efficiency Income has acquired a portfolio of energy efficiency projects in Singapore for an equity cash consideration of £2m. The portfolio consists of six operating assets, including chillers and bespoke energy-efficient air compressors that are installed at the premises of five industrial counterparties in Singapore, including subsidiaries of large multinational institutions. The total remaining portfolio life is 6 years and 10 months. The acquisition is the company’s first investment in Singapore and it plans to use this as a platform from which it can explore future opportunities in the region.

SEIT: Mkt Cap £462m | Prem/(disc) 11.7% | Div yield 5.1%