Solas Capital and Linklaters Partner to Accelerate Green Finance Innovations
Solas Capital AG and Linklaters have formed a strategic partnership to structure green debt investments across Europe. Their collaboration has successfully channeled over €100 million into energy efficiency and behind-the-meter PV projects through partnerships with German ESCOs like PAUL Tech and Encore Efficiency, delivering approximately 160,000 tonnes of CO2e savings annually.
Solas Sustainable Energy Fund Finances PAUL Tech’s Energy-Efficient Heating Solutions in Germany
Solas Sustainable Energy Fund ICAV has signed a €20 million framework agreement with PAUL Tech AG. This investment supports software-operated hydraulic balancing systems in German multi-family buildings, reducing energy consumption by 20-40% while helping property owners meet new energy regulations with zero upfront costs.
€33 Million Facility Targets Industrial Energy Efficiency in Germany and Netherlands
Solas Sustainable Energy Fund ICAV has committed €33 million to ENCORE Efficiency GmbH to finance industrial energy efficiency projects in the Netherlands and Germany. The investment will fund heat pumps and cooling systems, reducing CO2 emissions by 21,000 tonnes annually while helping clients achieve energy savings without upfront costs.
Solas Capital Strengthens Leadership with MEAG Infrastructure Expert Sven Degens
Solas Capital AG has appointed infrastructure expert Sven Degens as Partner and Business Development Director to strengthen its sustainable energy investment team. Following their successful €220 million fund close, Degens will focus on new product development and expanding the company’s European presence in energy efficiency and self-consumption PV infrastructure projects.
Solas Sustainable Energy Fund Invests €25 Million in Irish Renewable Expert Astatine
Solas Sustainable Energy Fund ICAV has provided €15 million in project funding to renewable experts Astatine Ltd, with potential for an additional €10 million. This investment will finance Solar PV and heat pump installations for industrial clients through Astatine’s ‘As A Service’ model, helping businesses reduce carbon emissions while avoiding upfront capital costs.
Solas Sustainable Energy Fund ICAV Commits €30 Million to UrbanVolt’s Clean Energy Solutions
The Solas Sustainable Energy Fund ICAV has committed €15 million to Dublin-based UrbanVolt, with an option for an additional €15 million, to finance self-consumption solar PV and LED lighting projects across the EU, supporting customers with zero up-front cost solutions amid Europe’s energy crisis.
Solas Capital Strengthens Team with Two Key Appointments
Energy investment firm Solas Capital expands leadership with Slawomir Huss and Louisa Troitzsch. The appointments follow the successful launch of the Solas Sustainable Energy Fund, which reached its first close in February 2022 with €140 million in investment commitments.
MEAG Partners with EIB to Invest in Solas Sustainable Energy Fund ICAV
MEAG, the asset manager of Munich Re and ERGO, has become a significant investor in the Solas Sustainable Energy Fund ICAV (SSEF), which targets energy efficiency projects in buildings across the EU. The investment, structured through bonds providing regular distributions, enables institutional investors to access smaller-scale energy efficiency projects that would otherwise be difficult to finance. SSEF is supported by the Irish Sovereign Wealth Fund, European Investment Bank, and EU LIFE programme, which provides project-level guarantees to attract risk-averse investors to support Europe’s climate goals. 02.03.2022
EIB and Solas Capital Launch €140 Million Energy Efficiency Fund
The European Investment Bank and Solas Capital have announced the first close of the Solas Sustainable Energy Fund ICAV (SSEF) with €140 million in commitments. The fund, which has a €200 million target, received a €30 million cornerstone investment from the EIB, supported by the European Fund for Strategic Investments. SSEF will provide debt financing to energy service companies for efficiency projects and small-scale renewables across the EU, particularly focusing on building renovations that utilize proven technologies such as modern heating systems, solar installations, and LED lighting. The fund has received the highest “Dark Green” Article 9 classification under EU sustainable finance regulations. 22.02.2022