Equitix and SDCL will make and manage investments in non-domestic energy efficiency projects. These investments could range from energy performance contracts to measures to reduce energy consumption in public and private sector buildings.
Subject to state aid approval from the European Commission, GIB is expected to go into operation late this year, and has initially decided to focus on offshore wind, waste processing and recycling, energy from waste generation, non-domestic energy efficiency and support for the Green Deal.
GIB is planned to accelerate private sector investment. UK GI, based at the Department for Businesses, Innovation and Skills (BIS), aims to kick this off by making investments, on commercial terms, in green infrastructure.
Equitix is a UK based specialist infrastructure investor, manager and developer, focused on investments in core infrastructure. The team typically invest in projects in sectors including healthcare, education, social housing, highways, street lighting, offshore transmission and waste.
Sustainable Development Capital (SDCL) is a specialist financial and investment advisory firm. Its investment business is focussed on reducing demand for resources through energy efficiency.
In April 2012 BIS appointed two fund managers – Foresight and Greensphere – to initially manage £80 million in small scale waste projects.