N+1 Singer: SDCL Energy Efficiency Income Trust (SEIT) – Acquisition

General/ 02 March 2021
  • Asset: “a series of portfolios of commercial and industrial (“C&I”) on-site solar and energy storage projects in the United States, together with a 50% interest in the platform that created them, Onyx Renewable Partners”
  • Consideration: “US$120 million with an incremental US$30 million expected to be deployed in the coming months as construction progresses on solar projects”. The investment is expected to scale up over time as they continue the build out of Onyx’s pipeline.