SDCL Gears up for Growth with New Renewables Division and Welcomes Volery Capital Partners as New InvestorGeneral/Investments/ 16 September 2020
SDCL Gears up for Growth with New Renewables Division and Welcomes Volery Capital Partners as New Investor
- Alejandro Ciruelos and Javier Jimenez hired from Santander for new renewables division
- Volery Capital Partners have completed a growth equity investment in SDCL and will become a minority shareholder of SDCL
SDCL is pleased to announce that it has created a new renewable energy division led by Alejandro Ciruelos and Javier Jimenez who have joined SDCL from Santander Corporate & Investment Banking. They will focus on developing innovative financing and investment solutions for utility scale power generation and renewable energy projects, developers and investors.
This new division complements SDCL’s existing energy efficiency footprint and reaffirms SDCL’s commitment to becoming a global investor and advisor in energy efficiency and renewables. Alejandro and Javier have more than 30 years of combined experience and have previously advised on more than £10 billion of renewable energy transactions globally.
Alejandro is a Managing Director and heads the renewable energy and power practice of the firm. He has 15 years of experience in structuring, financing, investing and raising capital for power and infrastructure projects and corporations. Alejandro was a Managing Director and member of the executive leadership team of Santander Corporate & Investment Banking in London. He has led numerous high profile advisory and investment mandates for Santander including most recently, the £2.5 billion debt financing for the Moray East Offshore Wind farm owned by EDPR, Mitsubishi Corporation and Engie; the acquisition of CapeOmega by Partners Group in Norway.
Javier Jimenez has 14 years of experience in the infrastructure sector. He was previously a Managing Director at Santander heading up renewable energy, senior origination and execution. He has led numerous high profile investment and advisory mandates.
SDCL is also pleased to confirm that Volery, a private equity firm that provides growth capital to asset management and other businesses that generate positive environmental or social impact, has completed a growth equity investment in SDCL. Volery became a minority shareholder of SDCL, investing growth capital to support the next phase of the company’s expansion. Volery’s investment in SDCL was made through its previously announced strategic partnership with Ares Management Corporation (“Ares”) under which Ares became a minority shareholder of Volery and agreed to provide capital to support Volery’s operating and investment activities.
SDCL has continued to expand its areas of investment activity. Recently, in its capacity as investment manager to SDCL Energy Efficiency Income Trust (SEIT.LN), SDCL 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 a total consideration of up to £50 million, and the acquisition of 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.
Jonathan Maxwell, CEO of SDCL: “We are very excited to have created our renewables division lead by leading industry practitioners as experienced and highly regarded as Alejandro and Javier. Their deep expertise in the renewables sector adds to SDCL’s established platform as we looks to capitalise on the increasing number of high quality opportunities in energy efficiency, renewables, and offshore wind. Similarly, our partnership with Volery will help us accelerate our growth plans and increase the development of clean and efficient energy solutions, which are critical to the reduction of greenhouse gas emissions.”