The over-arching objective of Government energy policy is to make our energy system clean and sustainable as part of the national action on climate change. Energy efficiency is central to achieving this objective cost effectively. The cleanest, and cheapest, energy is that which we do not use. Ireland has a target of improving energy efficiency by 20% by 2020, with an even more challenging target for the public sector of 33%.
The high priority attached to energy efficiency within energy policy as a whole and the need to facilitate commercial investment in energy efficiency informed the decision by the Government in 2014 to commit €35 million to the Irish Energy Efficiency Fund. The creation of the Fund will act as a catalyst to develop energy efficiency projects in the Irish market and crowd in institutional investment in energy efficiency, as a new and emerging asset class. IEEF enables public and private sector companies to reduce their energy consumption, benefit from immediate operational savings and equipment upgrade at no upfront cost whilst benefiting from the substantial risk transfer to IEEF.
L&R is one of the largest private property investment companies in Europe with a £9 billion portfolio. Headquartered in the UK, it has a diversified portfolio of property and financial investments. L&R has established a significant presence in Ireland as an investor in real estate and other investments.
Founded in 1973, Glen Dimplex is a leading international group with annual revenues in excess of €2 billion and over 10,000 employees across four continents. Glen Dimplex is the world's largest manufacturer of electrical heating, and also holds significant global market positions in domestic appliances, cooling, ventilation, and renewable energy solutions. Across the world Glen Dimplex’s innovative low carbon systems enable their customers to reduce CO2 emissions and eliminate cost.
The RCB is the investment manager and trustee of the Church of Ireland Pension Fund. RCB has approximately €650 million in assets under management, which it invests across equity, fixed income and alternative investment opportunities.
L&P is an international consultancy group providing a range of services, including investment advisory services, to charities, trusts, not-for-profit organisations and religious congregations. Over the last number of years, L&P has increasingly sourced investments considered as alternative (that is, not equities, bonds or cash) but which also comply with their clients' ethical considerations. These investments add a further layer of diversification to client investment portfolios and are invested through their Alternative Investments division.