The London Energy Efficiency and Decentralised Generation Fund (EDGE Fund)
In November 2023, the Mayor contributed £50 million to the London EDGE Fund in partnership with Sustainable Development Capital LLP, who would also contribute £50 million resulting in a total initial fund size of £100 million.
The London EDGE Fund represents a novel collaboration between the public and private sector, where the GLA has successfully attracted private sector capital in order to deliver its net zero goals for London.
This is the third fund that the GLA has launched with private sector partners to support the city’s decarbonisation efforts.
Who can apply for the fund
London EDGE is open to both private and public sector energy projects.
- typically large energy users such as hospitals, datacentres, education
- customers that face a combination of challenges around reliability, resilience, sustainability, and cost.
Type of technology the fund will deploy
- Energy efficiency
- Low carbon transportation (EV charging etc.)
- Decentralized on-site generation:
- LED lighting
- BMS systems
- HVAS
- Private wire generating infrastructure (include but not limited to CHP (with green gas), Heat Pumps, Solar PV, BESS, WTG or a combination to from a microgrid).
Stage of projects
- Late-Stage Development or Construction
Project delivery
- DBFOM model (Design Build Finance Operate Maintain)
The terms of the fund
The Fund will capitalise a Special Purpose Vehicle (SPV) to deliver the project. Consideration will be given to public ownership and public control when required.
Additional eligibility criteria
- the minimum investment size for projects is £10 million
- projects are located in London and selectively in other locations in the UK
- projects that have completed a viability or pre-feasibility study and can start construction in the next two years, or projects that are in the Late-Stage development and/or construction phase
- projects that have a proportion of their cashflows contracted with end customers on-site.
Watch a video about the EDGE fund:
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Contact us
London EDGE Fund is open for business and more information can be found on the Sustainable Development Capital LLC page.
If you have questions, please contact: [email protected]
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