SEP launches UK-based clean energy infrastructure fund
Scottish Equity Partners (SEP) has raised £135 million for a new infrastructure fund to invest in UK-based clean energy projects.
The Environmental Capital Fund (ECF) has been backed by SSE plc, the FTSE 100 energy company, as well as a syndicate of financial investors led by Lexington Partners, the world’s largest independent manager of secondary private equity and co-investment funds.
The fund has been anchored with the acquisition of an existing SSE infrastructure business (SSE Pipelines). SEP will use the balance of the fund to invest in a diversified portfolio of new, UK-based, clean energy infrastructure projects – such as hydro power, energy efficiency, heat pumps and district heating schemes.