A new investment fund will look to raise more than £120million for energy efficiency projects after launching a joint UK-China project.
SDCL Asia, a new fund by the Sustainable Development Capital group, will look to build on its work in the UK managing an energy efficiency investment fund with the backing of the Green Investment Bank.
The launch comes in the wake of Prime Minister David Cameron’s visit to China, with the fund looking to invest in energy efficiency projects in the Far East.
“Energy efficiency is good for business, reduces costs, improves productivity and growth, while at the same time offering the largest and cheapest source of greenhouse gas emission reductions,” said SDCL chief executive Jonathan Maxwell.
“Energy efficiency represents the ultimate sustainable investment: it pays for itself in the UK & Ireland, China, Singapore and many other major global markets.”
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