SASC has launched a Renewables Investment Committee to target more investments in community renewable projects in 2021.

Joining the new committee are Mark Billsborough, head of renewable sales and trading at SSE Renewables and Louisa Cilenti, partner at Lux Nova Partners.

Prior to the acquisition of Leapfrog Bridge Finance (LBF) in September, SASC had invested over £11m in six community energy projects including financing Heart of England Community Energy to acquire what has become the largest community owned solar farm in the UK. The acquisition of LBF, now SASC Bridge Finance, will allow the fund manager to expand its activity in this important sector.

A report by WPI Economics, The Future of Community Energy, has highlighted that community energy has grown significantly in the UK over the last decade. Over 350 groups are now responsible for at least 250MW of renewable energy generation capacity, generating enough electricity to supply the needs of around 100,000 homes.

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