White Summit Capital Agrees to Invest €150m in Energy Efficiency-as-a-
Service Projects in France through Powesco
• Platform is led by industry pioneer Aurélie Gaudillère
• Powesco to fund energy efficiency solutions for renovation projects in tertiary buildings
across France through long term contracts
• WSC to acquire controlling stake in Powesco and exclusively fund its Energy
Efficiency-as-a-Service (ESCO) projects
Zug, November 20, 2024 – White Summit Capital, a specialised energy transition infrastructure investor and manager, has reached an agreement to invest €150 million in energy efficiency- as-a-service projects through Powesco, a French platform.
Led by industry leader Aurélie Gaudillère, who brings more than a decade of proven success and deep industry expertise, Powesco enjoys a large existing blue-chip client base with audited capex programmes to be delivered by an experienced and fully fledged team of 60 professionals.
Powesco is strategically positioned to seize a €40 billion market opportunity, driven by French regulations requiring buildings over 1,000m² to reduce energy consumption by 60% by 2050.
The platform will offer funded energy efficiency-as-a-service solutions for renovation projects in tertiary buildings across France. With an attractive long-term service contract model, Powesco allows private companies and public administrations to dramatically reduce their consumption without the burden of upfront capital requirements, ensuring both financial and environmental sustainability.
This landmark investment, which will see WSC acquiring a controlling stake in Powesco, is part of the mandate of WDIF II, WSC’s decarbonization infrastructure fund. The agreement has been signed, subject to customary approvals, with closing expected in early 2025.
Aurélie Gaudillère, CEO of Powesco commented: “Partnering with White Summit Capital is an opportunity to leverage their proven expertise in scaling infrastructure businesses. By adding funding capabilities to our existing integrated model, we are well-equipped to deploy significant capital, create long-term value for our clients and play a crucial role in France’s energy transition.”
Gonzalo López Medina, Managing Partner at WSC, added: “This partnership exemplifies our dedication to advancing the energy transition by collaborating with a team of exceptional professionals to become differentiated early movers in emerging market opportunities. We look forward to working closely with our partners to support France’s sustainability objectives, fostering innovation and growth in the energy efficiency sector.”
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About Powesco
Powesco is an independent and integrated energy efficiency as a service platform dedicated to the tertiary market (C&I and Public) in France. It has c.60 employees and a strong track record across the entire value chain, including audit & design, project management, financing, renovation & installation works and O&M. With a large existing customer base generated over the last decade, Powesco has developed a strong programme of ESCO projects with its current clients requiring an investment of €500m through 2030.
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About White Summit Capital
White Summit Capital is an energy infrastructure investor and asset manager founded in 2011 and headquartered in Zug, Switzerland. The group has deployed over €2.1bn of capital across investments in Europe and North America. WSC has a particular focus on mid-market investments in three key segments of the energy transition: renewables integration, sustainable transportation, and the decarbonisation of industries. In January 2024, the European Investment Fund made a €150 million commitment to WSC’s Decarbonisation Infrastructure Fund II, which has a target size of €500 million.
https://www.whitesummitcap.com/
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Press Contact
Christopher Björk, christopher@leadbythought.com, Mobile +34 606 396 093
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