Viridis Clean Energy is an energy infrastructure fund that invests in a diversified global portfolio of clean energy assets with the objective of delivering attractive cash equivalent distributions to investors with long-term growth.
The Fund invests in operating assets utilising commercially proven technologies.
The principal investment focus is on assets that generate electricity or other consumable energy produced from renewable, waste or inherently low emission energy sources, including wind, hydro, biomass, geothermal, solar, waste fuel, coal seam methane and natural gas.
The Fund has adopted a set of Investment Guidelines that describe the set of qualifying assets in which Fund investments are made. The key characteristics of qualifying assets are set out below.
Nature of investments
Equity, debt and hybrid investments in qualifying assets (as per the other sections of these guidelines).
Industry sector
Clean energy generation, storage, transportation and supply. Focus on electricity generation.
Technology
Proven technology, with demonstrated operation in commercial service.
Energy source
Environmentally preferred fuels and technologies.
Asset location
OECD countries and other selected countries with acceptable sovereign risk.
Commercial structure
Secure contract arrangements and/or market access regime for fuel supply and energy off-take.
Asset maturity
No development risk. Construction participation is only acceptable if construction risk is fully covered by guarantees from creditworthy counter-parties. Satisfactory operations and maintenance arrangements in place.
While the Fund primarily targets equity investments in qualifying assets, it also considers debt or hybrid investments that meet its risk and return requirements.
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