Round 2 deadline for UK energy efficiency portfolio

The binding offers deadline for a UK-based energy efficiency portfolio is looming.

Equitix Energy Efficiency Fund (EEEF) is in the process of offloading its entire portfolio, with binding bids due on 19 October (2022).

The portfolio comprises biomass projects, combined heat and power (CHP) plants, and district heating/cooling systems.

Known bidders are:

  • Foresight Group
  • SDCL

Another bidder is also thought to be in the fray, with Evercore and Ashurst acting as financial and legal advisers respectively on the sell side. 

IJGlobal exclusively reported last month (August) that non-binding offers had been submitted on 28 July, with the sale announced in June (2022).

The fund’s assets include:

EEEF reached final close in April 2015, having secured £151.5 million ($163m) in commitments. Limited partners include the European Investment Bank, which committed £30 million to EEEF.

Equitix was approached for comment but had not replied by the time of publication.

Asset SnapshotWelland Waste Wood Power Station (9MW)

Value:
GBP 50.89m (USD 62.52m)
Full Details

Asset SnapshotGuardbridge Biomass Plant (6.5MW )

Value:
USD 37.18m
Full Details

Asset SnapshotHolbrook CHP Plant (6.5MW)

Value:
GBP 30.10m (USD 36.98m)
Full Details

Asset SnapshotNottingham Combined Heat and Power (CHP) Plant (6.8MW)

Value:
GBP 45.80m (USD 56.27m)
Full Details

Asset SnapshotWrexham Biomass Plant (5.4MW)

Value:
GBP 22.28m (USD 27.37m)
Full Details

Asset SnapshotIgnis CHP Plant (3.5MW)

Value:
N/A
Full Details

Asset SnapshotGaia Waste Wood Biomass to Heat Plant (11.6MW)

Value:
N/A
Full Details

Transaction SnapshotAcquisition of Equitix Energy Efficiency Fund's Portfolio