BVP Portfolio Company UrbanVolt has received an international accolade for its innovative business model.

UrbanVolt last year signed an agreement with the SUSI Energy Efficiency Fund (SEEF), agreeing an initial funding line of €30 million to UrbanVolt for LED retrofits for industrial premises.

The deal between UrbanVolt and SUSI Partners, who operate the SEEF, is the first time institutional capital of this magnitude has been put through a dedicated funding facility to finance small-scale energy efficiency projects in small to medium sized enterprises.
SEEF is the largest independent investment vehicle financing energy efficiency projects across Europe, with the agreement signed with UrbanVolt last year.

The deal between the parties has now been named as the global Energy Efficiency Deal of the Year 2017 by Environmental Finance.

Now in its 10th year, the awards recognise financial transactions which are having a transformative effect on the financial sector and the environment.