Release date: 21 February 2013
Promoter – Financial Intermediary
Sustainable Development Capital LLPLocation
Description
An infrastructure fund targeting non-residential energy efficiency projects in the UK.
Objectives
The Fund aims at achieving energy efficiency gains for assets/infrastructure in which it will invest, delivering a minimum level of energy savings and receiving a commercial return on its investments.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 25 million (GBP 20 million)
Total cost (Approximate amount)
EUR 124 million (GBP 100 million)
Environmental aspects
Most of the projects in the existing pipeline of the Fund are expected not to fall under the EIA Directive 85/337/EC, as amended, in which case the projects would not be subject to an EIA. If an underlying investment is subject to an EIA, the fund manager will be required to obtain the non-technical summary of it, and where relevant written confirmation from the competent authority that the investment will not have any significant negative impact on sites of nature conservation.
Procurement
The Fund’s investment guidelines will be required to ensure that procurement procedures applied by the underlying investments financed by the Fund are in line with the provisions of the relevant Directives.
Status
Signed - 31/07/2014