Overview
SDCL’s investment business is focused on clean energy and energy efficiency project finance. SDCL has established specialist funds in the UK, Ireland and Singapore and is launching new funds in New York and China. SDCL’s funds in each country are in partnership with governments as an investor, promoter or guarantor. The funds invest in energy efficiency retrofit projects and seek a return based on savings achieved. This generates ongoing operational cost savings and carbon emission reductions as well as improvements to productivity and asset values, in compliance with current and prospective building regulations.
You can access the company’s website here
Fundamentals
Price
Research History
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24 Nov 2020 3 min read
QuotedData’s ESG Conference – week 1 Environmental day playback
On the 24th November QuotedData hosted the first of three ESG focused webinars. This Environmental webinar began with an overview from the AIC on the growth of ESG in the sector and was followed by presentations and Q&As from 3 investment companies’ managers focused on providing renewables solutions such as wind farms, solar power and energy […]
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07 Jul 2020 10 min read
QuotedData’s Investment Companies Roundup – July 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over June: CQS New City High Yield – […]
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24 Apr 2020 2 min read
QuotedData’s weekly roundup 24 April 2020
James Carthew’s weekly news roundup show for Friday, 24th April, covers a wide range of topics and includes an interview with Jonathan Maxwell, CEO of SDCL, which is the manager of SDCL Energy Efficiency Income. Listen back here If there is a guest speaker you’d particularly like to hear from, please email us – research@quoteddata.com. […]
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07 Apr 2020 7 min read
QuotedData’s Economic Roundup – April 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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10 Jan 2020 10 min read
QuotedData’s economic roundup – January 2020
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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05 Jul 2019 8 min read
QuotedData’s economic roundup – July 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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08 May 2019 4 min read
QuotedData’s investment companies roundup – May 2019
Investment Companies Roundup New research Over April, we published notes on Henderson Diversified Income, Ecofin Global Utilities and Infrastructure, Jupiter Emerging and Frontier Income, Seneca Global Income & Growth and Polar Capital Global Financials Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was […]
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18 Jan 2019 1 min read
QuotedData’s investment companies roundup – January 2019
QuotedData’s investment companies roundup – January 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2018. Kindly sponsored by Baillie Gifford. Extract from money raised and returned in December The only new issue […]
News
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01 Mar 2021 3 min read
QuotedData’s morning briefing 1 March 2021
In QuotedData’s morning briefing 1 March 2021 – SDCL Energy Efficiency Income (SEIT) noted that further to its announcement on 24 December 2020, it has completed the acquisition of a series of portfolios of commercial and industrial on-site solar and energy storage projects in the United States, together with a 50% interest in the platform that has […]
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04 Feb 2021 2 min read
QuotedData’s morning briefing 4 February 2021
In QuotedData’s morning briefing 4 February 2021: SDCL Energy Efficiency Income Trust have announced a £100m placing (94.3m shares at 106p). The price is a 3.9% premium to the end September NAV and a 1.4% discount to last night’s closing price. The money would go into commercial and industrial solar projects across the United States in […]
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08 Jan 2021 3 min read
QD view – Nothin’ but blue skies from now on…
The riot in the Capitol Building may be dominating headlines but hopefully the orange cloud over Washington may soon dissipate. Does that mean Nothin’ but blue skies from now on…? For investors, one of the key events if 2021 to date may be the Democrat’s wins in the Georgia senate races. Joe Biden will now have […]
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04 Jan 2021 2 min read
QuotedData’s morning briefing 4 January 2021
In QuotedData’s morning briefing 4 January 2021 – SDCL Energy Efficiency Income (SEIT) announced the acquisition of an additional 15% interest in Primary Energy, a portfolio of recycled energy and cogeneration projects located in Indiana, USA, from a consortium led by Fortistar LLC for a cash consideration of approximately $36m. SEIT acquired an initial 50% interest in Primary Energy in […]
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24 Dec 2020 2 min read
SDCL Energy achieves critical mass in US
SDCL Energy achieves critical mass in US – SDCL Energy Efficiency Income Trust has agreed to acquire a series of portfolios of commercial and industrial on-site solar and energy storage projects in the United States, together with a 50% interest in the platform that has created them, Onyx Renewable Partners from funds managed by Blackstone for […]
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19 Oct 2020 2 min read
SDCL Energy Efficiency buys Värtan Gas Stockholm
SDCL Energy Efficiency’s placing raised £105m at 100p per share against its target of £80m. Even with the expanded target, the issue was significantly oversubscribed. The announcement on Friday said that there had been “further positive progress with the negotiations to acquire an established, operational and regulated energy network in a major Western European city“. […]
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13 Oct 2020 2 min read
QuotedData’s morning briefing 13 October 2020
In QuotedData’s morning briefing 13 October 2020 Seneca’s manager changing hands – Seneca Global Income & Growth says Momentum Global Investment Management plans to buy Seneca Investment Managers. The board is happy with this move as the two share a similar investment approach. SDCL Energy Efficiency has launched an £80m placing – it hopes to issue […]
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01 Oct 2020 2 min read
QuotedData’s morning briefing 1 October 2020
In QuotedData’s morning briefing 1 October 2020: Octopus Renewables Infrastructure Trust is buying four solar PV sites in Andalucia, which are expected to be ready to build by January 2023. The assets will have a total installed capacity of 175MWp and are expected to become operational in early 2024. The company is not taking any development risk […]
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10 Sep 2020 3 min read
SDCL Energy Efficiency buys CHP portfolio
SDCL Energy Efficiency buys CHP portfolio – SDCL Energy Efficiency Income Trust has bought a portfolio of energy efficiency projects in the UK from GET Solutions, a leading UK energy solutions provider for businesses. The initial cash consideration is approximately £5m to be invested over the next four months to acquire an initial portfolio, with an […]
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25 Aug 2020 2 min read
New issue – Triple Point Energy Efficiency
New issue – Triple Point Energy Efficiency – Triple Point Energy Efficiency Infrastructure Company plc will, if it raises enough money, be a closed-ended investment company established to invest in a diverse portfolio of energy efficiency assets in the United Kingdom. It plans to seek admission to trading on the Specialist Fund Segment of the Main […]
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07 Aug 2020 2 min read
QuotedData’s weekly news show 7 August 2020
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on youtube. In this week’s show, James Carthew covered the week’s top stories: SDCL Energy Efficiency’s foray into EV charging Hipgnosis C shares and NAVs Hammerson’s expensive rights issue Syncona’s IPO of Freeline Watch it again here We’ll be back next week […]
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06 Aug 2020 2 min read
SDCL Energy Efficiency buys EV charging portfolio
SDCL Energy Efficiency buys EV charging portfolio – SDCL Energy Efficiency Income Trust has entered into an agreement with Electric Vehicle Network (EVN) to buy a portfolio of 112 rapid and ultra-fast electric vehicle (EV) charging stations across the UK for a total consideration of up to £50m. The EV charging sites will be developed and funded […]
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24 Jun 2020 1 min read
QuotedData’s morning briefing 24 June 2020
SDCL Energy Efficiency Income (SEIT) announced that after seeing the strong support given to the initial issue of new ordinary shares, announced on 18 June, the issue size has been increased from £60m to £110m. Augmentum Fintech (AUGM) announced that portfolio company, Zopa, has been awarded its full banking licence by the Prudential Regulatory Authority. […]
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19 Jun 2020 3 min read
Sunny outlook for SDCL
One of the funds looking to raise money this week is SDCL Energy Efficiency Income Trust (SEIT). The fund is designed to produce income from investments in projects designed to improve energy efficiency, save companies money and contribute towards reductions in carbon emissions. On Thursday, it announced results for the year ended 31 March 2020 […]
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18 Jun 2020 3 min read
SDCL Energy Efficiency to expand after successful year
SDCL Energy Efficiency to expand after successful year – SDCL Energy Efficiency Income has announced results for the year ended 31 March 2020 and is looking to expand. The NAV increased from 98.4p at 31 March 2019 to 101.0p at 31 March 2020 and earnings per share were 5.2p and the company paid dividends of 5p in […]
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18 May 2020 2 min read
QuotedData’s morning briefing 18 May 2020
In a trading update, ahead of its annual results (to be published on or around 15 June), Jonathan Maxwell, the CEO of SDCL Energy Efficiency Income (SEIT)’s manager, noted: “In spite of the unprecedented global situation around covid-19, the portfolio continues to perform in line with expectations and deliver cheaper, cleaner and more reliable energy […]
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23 Mar 2020 2 min read
SDCL Energy Efficiency Income says no material counterparty concerns raised to-date
SDCL Energy Efficiency Income (SEIT), the renewable energy infrastructure company, released an update. The company’s manager and board believe that SEIT’s portfolio remains well placed to continue to generate an attractive total return for investors. SEIT noted: “The company’s portfolio currently consists of 26 energy efficiency investments located in the UK, continental Europe and North […]
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11 Feb 2020 1 min read
QuotedData’s other news 11 February 2020
In QuotedData’s other news 11 February 2020 – Investment Company (INV), which invests in the UK growth and income sector, reported interim results to 31 December 2019. Over the period. the company’s NAV increased by 7.61 %, compared with the FTSE all-share index’s 3.44% return. We also have a major update on the future of Hadrian’s Wall […]
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2 min read
SDCL Energy Efficiency Income to seek approval to remove 25% UK minimum exposure
Taking account of the quality of the acquisition pipeline in North America and continental Europe, SDCL Energy Efficiency Income (SEIT)’s board looks set to seek shareholder approval to remove the 25% minimum exposure limit to UK-based assets, which was adopted at the time of its IPO in December 2018. SEIT says the removal of the limit would […]
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05 Feb 2020 1 min read
SDCL Energy Efficiency Income completes $110m US deal
The renewable energy infrastructure company, SDCL Energy Efficiency Income (SEIT), has finalised the acquisition of a 50% interest in Primary Energy, a portfolio of recycled energy and cogeneration projects located in Indiana, USA, for an equity cash value of around $110m. The deal was initially announced on 30 December 2019 – you can read more on it […]
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30 Dec 2019 3 min read
SDCL Energy acquires 50% stake in US energy portfolio for $110m
SDCL Energy Efficiency Income Trust (SEIT), the first UK-listed investment company of its kind to invest exclusively in the energy efficiency sector, has agreed to acquire a 50% interest in Primary Energy, a portfolio of recycled energy and cogeneration projects located in Indiana, USA, from a consortium led by Fortistar for an equity cash consideration […]
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19 Dec 2019 1 min read
QuotedData’s other news 19 December 2019
In QuotedData’s other news 19 December 2019 GCP Student Living hopes to riase £75m from a placing of shares at 186p (a 10.4% premium to the EPRA NAV and a 6.3% discount to the current share price). The money would be used to help fund the purchase of Scape Canalside in Mile End, London. EJF Investments […]
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18 Dec 2019 2 min read
SDCL Energy Efficiency Income announces £40m placing
SDCL Energy Efficiency Income (SDCL) has announced a £40m placing at 104p per share. The placing price represents a discount of approximately 5.5% SDCL’s closing price on 17 December 2019 of 110p per share, and a premium of approximately 5.1% to the trust’s NAV per share of 99.0p as at 30 September 2019. The placing was announced after […]
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18 Oct 2019 1 min read
QuotedData’s other news 18 October 2019
In QuotedData’s other news 18 October 2019 Gore Street Energy Storage says its 9.0MW storage project at the Port of Tilbury is now operational. The behind-the-meter energy storage project benefits from a diversity of income sources including Triad revenues, a secured Fast Frequency Response (FFR) contract and a capacity market contract. It is using batteries from […]
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11 Oct 2019 2 min read
SDCL Energy Efficiency Income targets more capital to fund growth
SDCL Energy Efficiency Income targets more capital to fund growth – The board of SDCL Energy Efficiency Income (SEIT) has announced a proposed placing of new ordinary shares under its existing share issuance programme to institutional investors at a price of 103 pence per share. In addition, the company today announced that the unaudited estimated NAV as […]
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20 Sep 2019 1 min read
QuotedData’s other news 20 September 2019
In QuotedData’s other news 20 September 2019 – Tufton Oceanic Assets today announced that it has raised gross proceeds of $31m through a placing. The company invests in a portfolio of secondhand commercial sea-going vessels. Further to announcements made earlier this month with regard to a proposed placing, Merian Chrysalis says that indicative orders significantly in excess of […]
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2 min read
SDCL Energy Efficiency Income in EUR64m Spanish cogeneration deal
SDCL Energy Efficiency Income in EUR64m Spanish cogeneration deal – SDCL Energy Efficiency Income (SEIT) has struck a deal to acquire a portfolio of cogeneration assets in Spain for around EUR64m. SEIT says that the substantial majority of the portfolio’s revenues are investment grade, with nine operational projects providing in aggregate 125 MW of clean and efficient […]
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09 Sep 2019 2 min read
SDCL Energy Efficiency Income makes $22m loan investment
SDCL Energy Efficiency Income makes $22m loan investment – SDCL Energy Efficiency Income (SDCL) has announced a $22m investment, structured as a portfolio of secured senior and subordinated loans, into a diversified portfolio of contracts. The investment includes a portfolio of loans, leases and subscription agreements relating to energy systems outsourcing and energy efficiency projects located across […]
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27 Jun 2019 2 min read
SDCL Energy Efficiency Income reports inaugural results
SDCL Energy Efficiency Income reports inaugural results – SDCL Energy Efficiency Income (SEIT) is one of the newer investment trusts having listed in December 2018, raising £100m. It has this morning released its inaugural set of annual results, covering the period to 31 March 2019. The market for energy efficiency is rampant globally, which has […]
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17 Apr 2019 1 min read
QuotedData’s other news – 17 April 2019
QuotedData’s other news – 17 April 2019 AVI Japan Opportunity (AJOT) announced this morning that based on a conviction that there is still a significant amount of unlocked value in quality over-capitalised smaller companies in Japan, it is considering raising additional capital through a share issue. AJOT floated in October 2018 and by February this […]
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1 min read
SDCL Energy Efficiency Income raises £72m
SDCL Energy Efficiency Income raises £72m – SDCL Energy Efficiency Income Trust (SEIT) has announced that it has raised £72m in a new ordinary share placing. The company floated recently (December 2018), raising £100m, and the latest injection of equity will allow it to push forward with some of the acquisition opportunities it is currently […]
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07 Mar 2019 2 min read
SDCL Energy Efficiency Income makes first US acquisition
SDCL Energy Efficiency Income makes first US acquisition – SDCL Energy Efficiency Income Trust (SEIT), which listed on the London Stock Exchange on 11 December 2018 having raised £100m from its IPO, has announced that it has completed the acquisition of a 71% interest in a high-quality Combined Heat and Power (“CHP”) portfolio. The portfolio consists […]
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19 Dec 2018 2 min read
SDCL Energy Efficiency Income Trust acquires its seed portfolio
SDCL Energy Efficiency Income Trust (SEIT), which listed on the London Stock Exchange on 11 December 2018 having raised £100m from its IPO, has announced that it has completed the acquisition of its seed portfolio for £87m million. SEIT has that the terms of the acquisition are in accordance with its prospectus that was published […]
Upcoming Events
Videos
In The Press
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25 Jan 2021 2 min read
Can you cash in on a Biden bounce
Is America’s bubble about to burst – or can you cash in on a BIDEN BOUNCE as Democrat takes the reins By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY PUBLISHED: 21:50, 23 January 2021 | UPDATED: 10:38, 24 January 2021 In the last few days, the world’s eyes have been on the United States as the presidency has transferred from Donald […]
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08 Sep 2020 2 min read
Investment trust insider on new and newish funds
Investment trust insider on new and newish funds – James Carthew: Let’s hope new trusts are more open than recent launches After a long hiatus, the flotation window appears to be opening up. I thought this week I would have a look to see how the last crop of investment company launches – Nippon Active Value […]
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01 Sep 2020 2 min read
Investment trust launches could shake up their fledgling asset classes
First post-Covid-19 investment trust launches could shake up their fledgling asset classes David Brenchley, Investment Week 28 August 2020 Triple Point to IPO energy efficiency trust The post-Covid-19 investment trust IPO market is set to come alive, with competition for two current ‘sole players’ set to shake up their respective sectors. Triple Point Investment […]
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11 Dec 2019 2 min read
ICYA 2019: Shining the spotlight on the industry’s best-kept secret
ICYA 2019: Shining the spotlight on the industry’s best-kept secret Investment Week’s 21st annual Investment Company of the Year Awards were held at London’s Sheraton Park Lane at the end of last month. The awards aim to reward and recognise excellence in the closed-ended fund management space, using a combination of quantitative and qualitative analysis. […]
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24 Jan 2019 2 min read
Investment Trust Insider on SDCL Energy Efficiency Income
Investment Trust Insider on SDCL Energy Efficiency Income – James Carthew: cashing in on corporate energy saving Continuing my look at recent new issues, this week I turn to SDCL Energy Efficiency Income (SEIT) whose initial public offer (IPO) rather snuck up on me at the end of last year. The company published an intention to […]
