Sustainable Development Capital LLP’s (SDCL) green energy transition fund has made a €100m commitment to German energy services provider Empact.
SDCL’s Green Energy Transition Fund’s (GETF) investment will support Empact’s €250m investment plan over the next five years, joining existing investors like the Bauwens-Adenauer Group and the HOPP and Strungman family offices.
Sebastian Rühl, founder and CEO of Empact, said: “SDCL brings a wealth of expertise in financing and developing energy efficiency technologies, which is underpinned by a shared vision for a cleaner energy future. SDCL’s support will enable us to fast-track our strong pipeline and deliver more sustainable energy solutions to our growing list of clients.”
Jonathan Maxwell, founder and CEO of Sustainable Development Capital LLP, said: “We are excited to partner with empact, a company that has rapidly established a meaningful foothold in the European Union’s largest real estate market and has ambitious plans to take that growth to new heights.
“This commitment aligns well with our focus on improving energy efficiency through financing scalable, impactful, behind-the-metre solutions.”
GETF, which closed at €650m in October 2023, has so far committed over 75% of its capital to energy infrastructure projects and companies.
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