SDCL Energy Efficiency has launched an £80m placing – it hopes to issue 76.2m shares at 105.0p (a 5.4% discount to last night’s 111p close and a 4% premiumto NAV. The company has £100m of investments under exclusivity including an established operational European regulated energy network in a major Western European city, and a pipeline of follow-on investments from the Company’s existing portfolio. Plus a further £150m at advanced stages of due diligence including a portfolio of commercial and industrial on-site solar projects in the USA and further investment in combined heat and power projects for commercial, industrial and public sector buildings in the UK.