Jun 2024

Opus advises Rendesco on its fundraise

Category: Deal Announcement

Opus 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. The funding will enable Rendesco to rapidly expand its operations and further develop its solutions in the UK and European energy markets.

The transaction adds to the strong track record of Opus’ Energy Transition & Climate Change sector practice in relation to decarbonising heat and domestic energy efficiency, following its advice on the sale of district heating developer and contractor Pinnacle Power (now Hemiko) to DIF Capital Partners last year.

For further information please contact: Stuart Schofield and Dilesh Patel.