PE Tech Report

Ethical and Sustainable Investing

solar panels

UK renewables losing investor appeal

The attractiveness of the UK renewables market has decreased dramatically in the eyes of investors and developers, falling back to levels last seen in November 2012, according to EY's latest Renewable Energy Country Attractiveness Index (RECAI). The quarterly report, which ranks the investment potential of 40 countries' renewables markets, has ranked

solar panels

Ingenious finances GBP27m solar parks project

Ingenious Clean Energy, a division of UK investment and advisory group Ingenious, has completed the financing of a GBP27m portfolio of three solar parks, including a GBP15m loan from Barclays. The solar parks are in Somerset, Dorset and Hampshire and are owned by three companies in the Ingenious Renewable Energy

solar panels

Sunrun closes USD150m equity investment

Sunrun has raised USD150 million in equity financing, the largest private equity raise for a private residential solar company in the US. A public institutional investor led the round with a USD100 million investment.   Existing and new investors provided the remaining USD50 million.   Sunrun will use the funds

Euros

Leosphere finalises second tranche of EUR20m equity investment

Laser radar remote sensors (LIDAR) specialist Leosphere has finalised the second tranche of a EUR20 million equity transaction. The second tranche was closed with Electranova Capital, the venture capital fund managed by Idinvest Partners and sponsored by EDF, the world’s second largest utility company.   The first tranche of EUR10.5

solar panels

Ingenious Clean Energy and Anesco launch GBP2m school energy efficiency project

Ingenious Clean Energy and energy efficiency solutions company Anesco are to collaborate on a major energy efficiency upgrade for a secondary school in Dorset. AESSL, an energy efficiency services company backed by the Ingenious Energy Efficiency EIS Fund, has invested GBP2m in the project, which will transform the energy efficiency

Wind farm

GE Energy Financial Services buys two wind farms from Element Power

GE Energy Financial Services has made its first equity investment in Ireland’s wind power market by acquiring two wind farm construction projects that will be powered by the GE’s flagship 2.85MW wind turbines. With a combined capacity of 51 megawatts, the wind farms, acquired from Element Power and now under

Kerogen Capital launches ESG Policy Statement

Private equity fund manager Kerogen Capital has published its Environmental, Social and Governance (ESG) Policy Statement. The statement details the company’s commitment to good governance, to high environmental standards and to positive engagement on social issues.   Kerogen believes that adherence to ESG principles is a central commercial priority in

Wildlife Works to launch Taita Hills conservation project in Kenya

Wildlife Works Carbon has signed a USD10m financing deal with the Althelia Climate Fund to launch the Taita Hills Conservation and Sustainable Land Use Project in south-eastern Kenya.   The project aims to protect approximately 200,000 hectares of threatened natural forest and savannah grassland ecosystems and bring vital economic development benefits

CDC appoints Ritu Kumar as director, environmental and social responsibility

CDC Group, the UK’s development finance institution (DFI), has appointed Ritu Kumar as director, environmental and social responsibility. Kumar (pictured) will work across the environmental and social remit with a specific focus on CDC’s direct equity investments, as well as the environmental and social performance and value-add of CDC’s investments

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