Asset-backed private credit strategy with climate impact
We focus on the demand side of the energy system and specialise in providing project funding for energy efficiency and self-consumption solar projects in buildings across Europe.
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These projects are structured as asset-backed private credit investments that offer institutional investors attractive risk-adjusted return with predictable long-term cash flows.
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In addition, they maximise investors' positive impact on the climate by significantly reducing CO2 emissions.
Why should you invest in energy efficiency?
Increase the diversification of your portfolio
Include a SFDR Art.9/Dark Green investment in your strategy that is EU taxonomy aligned
Provide climate impact with your investment
Achieve fixed income like returns
Benefit from an investment that is asset-backed
Receive high cash-yields through amortizing the underlying investment
Increased growth
and productivity
CO2 emissions
reduction
Improvement of energy security
What is the impact of energy efficiency investments?
Reduction in energy poverty
Significant
health benefits
Creation of new jobs
Why does energy efficiency matter?
40% of the EU’s energy is consumed in buildings
Energy efficiency is the “first fuel” in the clean energy transition according to the International Energy Agency
Energy efficiency provides quick and cost-effective Co2 mitigation options
Energy efficiency lowers energy bills and strengthens energy security
Energy efficiency has strong regulatory tailwinds: EU policy (European Green Deal, Fit for 55, REPowerEU) and new EU laws (EPBD (2024), EE Directive (2023), Renewable Energy Directive (2023), CSRD (2023))
How does
it work?
Case Study PAUL Tech AG
Case Study PAUL Tech AG in Germany
Warm water flow optimization
for multi family homes
Project Information
Technology
Software-operated hydraulic balancing system
Business-model
Heating-as-a-Service
Maturity
10 years
Financing Volume
EUR 44m
Signing Date
November 2023
The investment finances software-operated hydraulic balancing systems in multi-family residential buildings to optimise the warm waterflow in the heating system. The technology solution provides cost savings for the tenants and improves the properties’ energy ratings.
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The systems deliver an average energy consumption reduction of 20-40%.
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Heating-as-a-Service solutions, such as those offered by PAUL Tech, will be central to delivering on Germany’s energy efficient heating regulations.
Appartement building in Frankfurt:
Number of floors: 19
Number of units: 80
Total living space: 6400 m2
Energy efficiency class: F
Energy source: natural gas
Construction year of heating: 2023
In 2021, more than 45% of German properties were categorized as energy efficiency class F or below.
"We are honored to receive this substantial investment from our dedicated green investor Solas Capital. We also see it as a confirmation of trust in our position as a Heathing-as-a-Service provider, which we will revolutionize with our new PAUL Net Zero solution."
Sascha Müller, Founder and CEO of PAUL Tech
Case Study PAUL Tech AG: Energy cost savings for tenants and positive climate impact
​Benefits of Implementing PAUL Performance:
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More affordable housing through lower ancillary costs for tenants
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Net savings of 218 € annually and 18.2 € monthly in 2024 per unit
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Savings expected to increase with projected increase of CO2 tax
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Increased value of the property through higher energy efficiency rating
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Compliance with stricter future building regulations
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Climate action through decreased energy consumption and lower carbon emissions