Aquila Capital has launched pan-European renewables fund, which ensures diversification by geography, technology and income source.
The European Balanced Renewables fund diversifies across European wind, solar pv and hydropower assets. The fund had its first close in June 2019 following a cornerstone investment from Willis Towers Watson.
Christine Brockwell, lead investment adviser, said: "The new open-ended fund designed to produce secure income through a diversified renewable energy portfolio across Europe. Balancing the portfolio with wind, solar pv and hydropower assets reduces the volatility of the fund's production profile and also avoids concentration risk inherent in a single energy market. With this fund, investors benefit from our expertise in the renewables market and have the flexibility associated with an open-ended fund."
Roman Rosslenbroich, co-founder and CEO of Aquila Capital, added: "In our day-to-day interactions with institutional investors we see a substantial and continuous appetite for a broadly diversified European renewables strategy in the form of an open-ended fund. We are delighted to have co-developed the fund with Willis Towers Watson."
He added: "Our new offering is based on the conviction that institutional capital increasingly needs to find balanced ways to invest in the European energy transition."