Solas Capital AG completed a new transaction with ENCORE Efficiency SE, financing a combined heat, power and cooling solution for a German subsidiary of a global automotive technology leader, replacing ageing oil- and gas-fired boilers and compression chillers.

At Solas Capital, we provide specialised financing solutions for demand-side energy projects, bridging the gap between institutional investors and high-impact energy efficiency and behind-the-meter projects. Unlike traditional renewable energy investments that focus on supply, we specialise in reducing energy demand at scale—an often-overlooked but equally important pillar to reach Net-Zero. With a primary focus on the building sector—responsible for 40% of Europe's energy consumption—and industrial energy efficiency, we provide capital to project developers and Energy Service Companies (ESCOs), enabling them to offer zero upfront cost solutions to their customers. Our expertise in portfolio aggregation and Energy-as-a-Service models allows us to fund thousands of distributed projects across Europe, delivering substantial cost savings for businesses, public institutions, homeowners and tenants, while simultaneously reducing Europe's dependence on imported fossil fuels and enhancing economic resilience. By connecting institutional capital with real-world energy efficiency projects, we diversify investors’ portfolios with fixed-income like returns while accelerating Europe's transition to a carbon-neutral economy. Backed by the European Investment Bank and EU Taxonomy aligned, we firmly believe that the best energy is the energy we don’t use.

Founded 2018