Lazard Sustainable Private Infrastructure Fund makes second Investment – Shawton Energy Limited
NEW YORK, September 20, 2023 – Lazard Asset Management (LAM) today announced that its Sustainable Private Infrastructure Fund (Lazard SPI Fund) has completed its second investment, taking a 50% stake in Shawton Energy Limited (Company), through its UK investment platform New Regions Energy.
This is a strategic investment in Shawton Energy, a leading renewable technology developer and owner of rooftop solar PV projects for commercial and industrial clients across the UK. Through this investment, the Lazard SPI Fund can secure interests in the company's existing operational solar PV projects while gaining access to a robust pipeline of future projects. This partnership reflects the growing appeal of rooftop solar as a viable business solution for commercial and industrial clients.
Robert Wall, Head of Sustainable Private Infrastructure at LAM, said, "We see tremendous potential in distributed, local and behind-the-meter renewable energy generation, such as anaerobic digestion, rooftop solar, and small-scale hydro. These technologies empower businesses to optimize their energy costs and carbon footprint while providing stable, diversified, and uncorrelated cash flows for investors."
Jamie Shaw, Founder and Managing Director of Shawton Energy welcomed the Lazard SPI Fund as an investor: “We look forward to partnering with Lazard Asset Management as an investor. By combining Shawton’s operational and project delivery with LAM’s unparalleled investment expertise, we will be able to help even more clients maximize energy efficiency as well as delivering growth to further scale our business.”
New Regions Energy Limited was established as a platform for the Lazard SPI Fund, following the acquisition of biogas producer DBE Energy in December 2022, with the aim to invest in distributed, renewable energy in the UK
Lazard, one of the world's preeminent financial advisory and asset management firms, operates in North and South America, Europe, Asia and Australia. Celebrating its 175th year, the firm provides advice on mergers and acquisitions, capital markets and other strategic matters, restructuring and liability management, and asset management services to corporations, partnerships, institutions, governments and individuals. For more information on Lazard, please visit www.lazard.com. Follow Lazard at @Lazard.
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