SDCL Energy Efficiency Income Trust (SEEIT) is actively pursuing financing, co-investment and disposal opportunities for two of its largest investments to support growth and secure value for shareholders.
The investments in question include Onyx, one of the most established providers of distributed clean-energy solutions to commercial and industrial customers across the United States, and EVN, which is one of the most successful electric vehicle (EV)-charging platforms in the United Kingdom. In its interim update statement, SEEIT said both are growing fast and ahead of budget, but both platforms require further capital. Any surplus capital raised will be used to pay down the firm’s revolving credit facility (RCF).
“The operational assets in SEEIT’s portfolio are performing in line with expectations, on a consolidated basis,” said Jonathan Maxwell, CEO of the investment manager, SDCL. “The portfolio is also well positioned for growth.”
Onyx, now the l