The Company’s investment objective is to provide investors with an attractive and sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio of Renewable Energy Assets in Europe and Australia.
The Company intends to invest both in a geographically and technologically diversified spread of Renewable Energy Assets and, over the long term, it is expected that:
investments located in the UK will represent less than 50% of Gross Asset Value;
- investments in any single country other than the UK will represent no more than 40% of Gross Asset Value;
- investment in onshore wind farms will not exceed 60% of Gross Asset Value; and
- investment in solar PV parks will not exceed 60% of Gross Asset Value.
The Company may acquire a mix of controlling and non-controlling interests in renewable energy assets and may use a range of investment instruments in the pursuit of its investment objective, including but not limited to equity and debt investments. A controlling interest is one where the Company’s equity interest in the renewable energy assets is in excess of 50%.