Shawton Energy enters new partnership with Lazard Asset Management

Shawton Energy welcomes the Sustainable Private Infrastructure fund managed by Lazard Asset Management (Lazard SPI Fund) as a new 50% shareholder in the business.

Lazard SPI will accelerate Shawton Energy’s expansion in funding solar photovoltaic (PV) projects and renewable technology solutions to industrial and commercial clients across the UK.

This investment by Lazard SPI represents a committed partnership between the Newton-Le-Willows based Shawton Energy and LAM, who will now work towards bolstering a portfolio of clients to achieve long-term reductions to electricity costs and carbon footprint through fully funded solutions.

Founder and Managing Director of Shawton Energy Jamie Shaw said: “This announcement is a significant milestone for the business and our team as we continue to deliver our UK growth strategy at pace.

“We’re pleased to welcome Lazard Asset Management as a partner, and we are excited to see what we can do by combining Shawton’s operational and project delivery experience with LAM’s unparalleled investment expertise.”

Shawton Energy will introduce Lazard Asset Management into the existing operational projects of the company, while continuing its work with Iona Capital to deliver more than £65million of invested capital in high-quality solar PV works over the next five years.

Shawton Energy has already helped several businesses across the country to reduce three million tons of carbon and save more than £2million on their electricity bills.

These include Dakota Hotels, Crowne Plaza, DoubleTree Hilton, BMW, Uniroyal and key educational facilities such as Burnley College and Wigan & Leigh College.

Head of Sustainable Private Infrastructure at Lazard Robert Wall said: “We see a very attractive opportunity in distributed, local and behind-the-meter renewable energy generation, such as anaerobic digestion, rooftop solar, and small-scale hydro. It helps businesses to optimise their energy costs and carbon footprint, while delivering stable, diversified, and uncorrelated cash flows to investors.”

The firm’s acquisition was completed by Lazard’s sustainable private infrastructure fund by way of its UK investment platform, New Regions Energy.

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