Creation of a €40m carbon fund

Aim
  • To develop and implement a carbon strategy for a leading European utility

Scope
  • Cairneagle carried out a strategic review for a European power utility focusing on opportunities within the carbon market
  • We developed a business plan for a Carbon Solutions Business, to leverage the client’s technical knowhow and global relationships in order to invest and participate in carbon abatement projects relating to renewable energy and energy efficiency
  • We helped the client to raise a fund to invest in projects

Outcome
  • €40m of committed capital was raised from the parent company
  • A core team of 15 people was created to run the Carbon Solutions Business
  • Cairneagle was retained in a business development role, to originate carbon projects in Africa and Asia, and to help manage the negotiations over the ownerships of future carbon credits