Tikehau Capital, the alternative asset management group, and Carb0n, a Paris-based energy efficiency specialist, have entered into a partnership to finance an energy renovation programme for commercial buildings.
The new partnership will seek deploy up to €25 mln into the green renovation of commercial real estate assets, such as offices, shops, shopping centres, logistic centres, and hotels.
The investment will facilitate the upgrade of energy intensive buildings and includes the financing of last-generation chillers, heating, ventilation, lighting, building management systems and photovoltaic panels. Up to 60% energy savings are anticipated through the renovation projects.
Clara Mouysset, head of green assets strategy at Tikehau Capital, said: 'The climate crisis and reducing our carbon footprint remains a priority for Tikehau Capital. We are therefore delighted to be working with Carb0n in this new partnership which aims to reduce the energy consumption of around 40 buildings.
'The team’s technical expertise, coupled with its excellent knowledge of the real estate sector, makes Carb0n a partner of choice to deploy these energy efficiency solutions in the extensive commercial building market effectively.'
Carb0n’s mission is to accelerate and simplify the energy transition of commercial buildings in Europe, in order to respond to the climate emergency and energy crisis. With the support of a team of energy and real estate experts, the firm assists institutional owners with the energy renovation of their assets.
The financing for this partnership is being delivered through Tikehau Capital's green assets climate infrastructure strategy, which finances, builds and operates small, decentralised assets that reduce the carbon footprint of their end users.
The strategy aims to promote energy efficiency in buildings and industrial sites, low-carbon mobility, sustainable agriculture, the circular economy and clean energy production.
'We offer a turnkey solution that allows institutional owners and tenants to reduce their consumption and carbon footprint drastically, while reducing their energy costs immediately,' said Stanislas de Gabrielli and Hadrien Flon, co-founders of Carb0n.
'Our objective is to decarbonise the real estate industry as quickly as possible, and this partnership with Tikehau Capital, a leading alternative asset manager that is strongly committed to supporting the environmental transition, will enable us to accelerate our deployment in France and Europe.'
