SEEIT completed the acquisition of an 80% stake in SIAF plant from Capwatt for $25m.

SEEIT, an investment company, completed the acquisition of an 80% stake in SIAF, a biomass cogeneration plant, from Capwatt, an integrated energy solutions provider, for $25m. "SIAF is SEEIT's first investment in Portugal and demonstrates our commitment to growing our presence in Iberia and supporting our ambition for increasing geographic diversification. Similar to our investment in Oliva Spanish Cogeneration, the SIAF investment provides critical onsite heat generated from waste sources. Both these investments are great examples of the circular economy at work, whilst contributing to meeting SEEIT's yield and returns targets," Jonathan Maxwell, Sustainable Development Capital CEO.