Sustainable Development Capital’s (SDCL’s) Green Energy Solutions fund has acquired a stake in two poultry waste-to-energy projects in the US.

SDCL said the Green Energy Solutions Fund (GESF) has invested $28m (€33.9m) to acquire the interest in the project in North Carolina developed by East Energy Renewables.

Jonathan Maxwell, CEO and founder of Sustainable Development Capital, said: “Bioenergy is one of the largest sources of renewable energy globally today. Investment in projects like these is crucial to progressing the global energy transition.

“The acquisition is testament to our ability to identify and support innovative projects in the bioenergy sector that exhibit attractive returns as well as positive environmental impact.”

David Maxwell, MD at Sustainable Development Capital and co-fund manager of GESF, said: “The investment promises to deliver a strong, risk-adjusted return to our investors, will result in significant carbon emissions reductions and will deliver essential energy services to local utilities and municipal wastewater treatment plants in North Carolina.

“The investment delivers on GESF’s key objectives and underlines the strong opportunities for commercial and industrial energy-efficiency solutions in the US.”

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