In brief: EIF helps Sustainable Development Capital raise €650m

The Green Energy Solutions Fund invests in energy efficiency and also received commitments from M&G and The Ireland Strategic Investment Fund.

Infrastructure manager Sustainable Development Capital has closed its Green Energy Solutions Fund on €650 million, according to a press release.

Sustainable Development Capital was launched in 2007 to invest in clean energy infrastructure. The Green Energy Solutions Fund focuses on energy efficiency, on-site generation and clean energy solutions in the US and Europe, according to the release. It is classified as Article 9 under the EU’s Sustainable Finance regulation.

The European Investment Fund (EIF) is the largest LP, having provided €125 million. EIF has been ramping up its support of climate and environment-related projects of late. It aims for this sector to comprise 25 percent of its activities by 2024 – up from its 16 percent target for 2022.

Other investors include The Ireland Strategic Investment Fund, M&G Investments and family office HALTRA. Campbell Lutyens acted as placement agent.