The Energy Efficiency Fund
The Irish Government has facilitated the creation of a €70m Energy Efficiency Fund (the “Fund”) by committing €35 million to finance energy efficiency projects across Irish public and private sector buildings and urban infrastructure on a commercial basis.
Sustainable Development Capital LLP (“SDCL”) was procured by the Government to act as the investment adviser to the Fund – Ireland Energy Efficiency Investments plc. The €35m Government commitment is matched by private sector investment raised by SDCL, including London & Regional Properties and Glen Dimplex Group.
The Fund through SDCL will work with energy services companies (ESCOs), contractors, equipment suppliers and/or the client organisations to provide a fully funded solution that delivers energy savings to the client organisation, typically through a services contract, resulting in optimal performance and best value for money for the client organisation.
The Fund will invest in projects that reduce energy consumption, recover useful energy from waste streams and distributed renewable energy generation. These type of projects typically include: public and private building retrofit; industrial energy efficiency; combined heat and power; biomass renewable heat projects; and, urban infrastructure, including street lighting and district heating networks.
For further information on the Fund, including the investment process, please contact SDCL Ireland on +353 (0)1 901 82 30 to speak with one of the investment team.
The SEAI Framework helps develop quality projects in a standard format. SEAI are working with the public sector and commercial bodies to deliver a pipeline of projects for application for funding through the Fund, and other sources of finance.