Stuart Schofield
Opus Corporate Finance
Rendesco
Deal Type
Fundraising
Sector
Energy & Sustainability
Completion Date
1st June 2024
Deal Value
£6m
Company Background
Rendesco develops, builds, operates and provides access to funding for geothermal networks, combined with ground source heat pump technology, to decarbonise heating, hot water and cooling.
Deal Summary
Opus Corporate Finance LLP is pleased to have advised Rendesco, the leading clean heat network developer and owner-operator, on its £6m equity investment from Clean Growth Fund, Eurazeo’s Smart City fund and Aviva Ventures.
Rendesco works with many of the UK’s leading property developers to design and install low-carbon and low-cost ground source heat networks.
Value Added
The funding will enable Rendesco to rapidly expand its operations and further develop its solutions in the UK and European energy markets.
