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Fund geography
Developed countries (203) / More developed regions (202) / More developed regions (North America, Asia & Oceania) (153) / Australia (6)
The Solar Clean Energy Fund No.1 pools funds and intends to provide competitive financial returns to accelerate the uptake of solar in Australia and movement away from a fossil fuel future.
The Fund has an innovative finance structure that enables investors to participate in providing solar finance to Australian Small and Medium Enterprises via Solar Power Purchase Agreements (SPPAs). We plan to derive passive income over the solar contract term (10-15years), as well as take advantage of legislated upfront government incentives through the Small Scale Technology Scheme (STC’s).
We forecast a 15% IRR, with an annual benchmark return set at 10%.
Invest in a brighter future, Invest with Impact, Invest Clean.
Asset class
Energy, Infrastructure, Private Equity / Venture Capital, Real Assets
Fund status
Fund style
Not listed
Financial description
The investment objective is to receive a regular income stream from power sold to the customer and benefiting from upfront government incentives (Small Scale Technology Certificates) by investing in Solar Power Purchase Agreements on Small and Medium Enterprises in Australia.
Target return: 15% IRR before performance fees and before tax
Benchmark: 10% annual return on drawn capital
Year 1 return: Forecast at 35-40% of initial investment
The Investment Manager has identified a compelling opportunity to take advantage of beneficial financial terms for investors in the under-serviced Australian solar finance sector. The fund will target, finance and aggregate SME assets and will act as a clean energy utility enabler.
The fund aims to generate long-term returns similar to fixed income and infrastructure assets, but by providing clean energy to eligible commercial properties.
The fund will target systems that are between 20kWh and 100kWh, and provide electricity at prices of between 20-30kWh (depending on customer credit profile, system size and term of contract). Contract terms will vary between 10 and 15 years.
The fund has a commercial arrangement with a "green" energy retailer who will provide pipeline, monitoring, billing and metering and customer management services.
9 years
of track record
2015
the year funded
20,000,000 AUD
AUM
Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
Key performance indicators
Fund overview
Asset manager: Clean Energy Crowd Pty
Product track record: Fund has 9 years of track record
Target IRR: 15%
Committed Capital: 0 AUD (Australian Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: Australia
Product status: Open - no committed capital
Style/Stage:
Inception year: 2015
Vintage year: 2015
Target region: Australia, Developed countries, More developed regions, More developed regions (North America, Asia & Oceania)
Target close date: 01/09/2015
Product term: Up to 15years term
Assets under management: 20,000,000 AUD (Australian Dollar)
Investment size: Min: 30,000; Max: 200,000; Avg: 60,000
Co-investment policy:
Currency of investments: AUD (Australian Dollar)
Currency for fund / product figures: AUD (Australian Dollar)
Fund investments to date: 0
Fund investments to date exited or repaid: 0
Management fee: 1.8%
Carried interest: 20%
Hurdle rate: 10%%
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors
Contact
E-mail: n.a.
Website: http://www.cleanenergycrowd.com.au
Phone number: +61 400 745 929
If you wish to have your details removed from this database please email gdpr@impactyield.com
Andrew Hoare
Director
Matthew Glendinning
Director
Impact Performance
n.a.
Impact thesis
The fund seeks to make an environmental difference by providing funding for solar energy projects to help Small and Medium Enterprises reduce their carbon footprint. The fund also aims to provide finance to local developers and installers in order to increase employment opportunities in the renewable energy industry in Australia.
The annual equivalent impact of the AUD$20,000,000 Solar Fund will be equivalent to providing one of the following benefits:
1. Preventing 3,760 tons of waste being sent to landfill;
2. Preventing 24,396 barrels of oil being consumed;
3. Saving 8,598 acres of forests in on year;
4. Powering 958 homes with clean solar energy for one year;
5. Taking 2,028 cars off the road;
6. Stopping 11,281,774 pounds of coal being burnt.
Impact Management
n.a.