Sustainable investment shop launches renewable energy division

Sustainable Development Capital LLP (SDCL) has created a new renewable energy division with the addition of Santander alums Alejandro Ciruelos and Javier Jimenez. The new division is set up to complement the firm’s existing energy footprint and will focus on developing innovative financing and investment solutions for utility scale power generation and renewable energy projects, developers and investors. Ciruelos was a managing director and member of the executive leadership team of Santander Corporate & Investment Banking in London. He has led a number of investment mandates for Santander including the most recent £2.5 billion (US$3.2 billion) debt financing for the Moray East Offshore Wind farm. He is now heading the renewable energy and power practice at SDCL. Jimenez has 14 years of experience in the infrastructure sector. At Santander he headed up renewable energy, senior origination and execution. “We are very excited to have created our renewables division lead by leading industry practitioners as experienced and highly regarded as Alejandro and Javier,” said Jonathan Maxwell, CEO of SDCL. “Their deep expertise in the renewables sector adds to SDCL’s established platform as we look to capitalize on the increasing number of high-quality opportunities in energy efficiency, renewables and offshore wind.” The firm has also partnered with private equity firm Volery Capital Partners, which will become a minority shareholder in SDCL. The Greenwich, Connecticut-based firm had less than $150 million in AUM, according to its most recent regulatory filings with the SEC. Volery’s focus is growth-oriented investments in best-in-class asset management businesses and growth-stage companies that generate measurable positive impact alongside market-rate financial returns. According to SDCL, it has continued in turn to expand its areas of investment activity. The firm’s investments are housed in the SDCL Energy Efficiency Income Trust. The firm advised on an agreement with Electric Vehicle Network Limited to acquire an initial 112 rapid and ultra-fast EV charging stations across the UK for up to £50 million. The firm also bought a UK portfolio of efficient on-sire generation projects in the hotel sector for initial cash consideration of £5 million with a £12 million follow-on investment.

Sustainable investment shop launches renewable energy division

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