SDCL Energy Efficiency Income Trust is planning to raise 拢80m (鈧�87.2m) by issuing new shares at 105p each.
The London-listed energy efficiency investor said the new capital will be used to fund further investments and new acquisitions.
The proposed fundraise is in line with the firm鈥檚 existing share issuance programme, the company said.
Tony Roper, chairman of SDCL Energy Efficiency Income Trust, said: 鈥淭his proposed capital raise builds on the strong momentum SEEIT has achieved over the last two years. Energy efficiency is critically important in global efforts to address the climate emergency and has become an increasing focus for investors.
鈥淭he proceeds of this placing will allow SEEIT to continue to invest in this important and growing market whilst also delivering additional scale and diversification to shareholders.鈥�
Jonathan Maxwell, CEO of SDCL鈥檚 investment manager Sustainable Development Capital, said: 鈥淭he capital raised from this additional placing will be deployed to fund further investments and new acquisitions as we continue to grow SEEIT鈥檚 portfolio and deliver cheaper, cleaner and more reliable energy solutions.
鈥漌e currently have a wide pipeline of investment opportunities, several of which are either under exclusivity or at an advanced stage of negotiation and due diligence, that will diversify SEEIT鈥檚 portfolio in terms of technology, geography and counterparty and continue to deliver returns to shareholders in line with the company鈥檚 objectives.鈥�
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