SDCL Energy Efficiency Income Trust to acquire the non-appointed renewable energy business of United Utilities for £100m.

SDCL Energy Efficiency Income Trust, a large British investment company dedicated to investments in energy efficiency projects, agreed to acquire the non-appointed renewable energy business of United Utilities, a water supply company, for £100m. "We are committed to our ambitious carbon pledges and target of achieving net zero carbon emissions by 2030. A key part of setting the foundations for that goal has been our renewable energy portfolio that, in recent years, we have built across our UU sites. With the portfolio now fully built-out and operating well, we are excited about the opportunity to recycle our investment in these assets to support the next steps in our plans to achieve net zero," Steve Mogford, UU CEO.