Aquila Capital launches European hydropower fund
Alternative asset manager Aquila has announced the launch of the Aquila European Hydropower Fund.
The fund, which according to Aquila is the first of its kind, is specifically aimed at institutional investors and offers a regulated fund structure with the responsibility for sourcing and managing the assets delegated to a dedicated team of hydro power investment experts.
Oldrik Verloop, co-head of Hydro at Aquila Capital, said: “Hydropower is the leading source of renewable energy and accounted for around 12% of Europe’s total net electricity production and 60% of that produced from renewable resources in 2012.
“The combined drivers of rising global energy demand and diminishing fossil fuels make it an attractive investment opportunity for institutional investors, who are seeking to future-proof their portfolios and will increasingly diversify into alternative, real assets such as hydropower. The launch of this Fund underlines Aquila Capital’s credentials as a leading financial investor in renewable energy” he adds.
The Fund will invest across different geographic regions, climates and topographies but predominately in Scandinavia and other European Union member states, it is a Luxembourg domiciled Sicav fund with a minimum investment of €10m.