Construction News

02/12/2013

Preferred Applicant For Creation Of Irish Energy Efficiency Fund Named

Energy Minister Pat Rabbitte TD, has announced Sustainable Development Capital LLP (SDCL) as the Preferred Applicant for the creation of a €70m Irish Energy Efficiency Fund.

Commenting on the investment, Minister Rabbitte said: "I am delighted to announce the next milestone on the path towards improving the investment market for energy efficiency projects in Ireland. I encourage those seeking finance for energy efficiency projects to approach SDCL directly to explore potential for investment."

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SDCL is a specialist financial and investment advisory firm, headquartered in London, with offices in Dublin, New York and Hong Kong. SDCL, in conjunction with London & Regional Properties, will provide matched funding alongside Minister Rabbitte's commitment to grow the fund to at least €70m.

SDCL will, subject to finalisation of terms, act as fund manager for the Energy Efficiency Fund. The company also manages a similar energy efficiency fund in the UK, launched with a cornerstone commitment from the UK Green Investment Bank.

(CD/JP)

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