– Marketing News –
Renewable Energy Fund (RES)
In early 2023, EBL Infrastruktur Management AG launched the EBL X Invest SCSp, SICAV-RAIF infrastructure fund (hereinafter referred to as «EBL X Invest»), laying the foundation for the innovative, consistent and sustainable application of the expertise it has built up over 125 years in times of constantly rising energy demand through newly structured investment solutions.
Our Luxembourg fund will be diversified through direct investments in Germany, Spain and possibly Switzerland and other EU countries. The asset portfolio to be managed by our team focuses on photovoltaic systems. On a case-by-case basis, investments will be made in wind energy and grid efficiency solutions (storage systems) in conjunction with RES. To minimise the deployment risk, the fund’s initiator, EBL (Genossenschaft Elektra Baselland), has already secured a development pipeline of almost 1 GW for the fund. This portfolio is exclusively available to EBL X Invest. To ensure that EBL’s interests are aligned with those of investors, EBL itself is investing EUR 50 million of the fixed hard-cap of EUR 500 million in the fund.
An SFDR Art. 9 Fund
Our fund, EBL X Invest, is at the forefront of the energy transition and is committed to a sustainable and environmentally responsible future. The fund strategy is in line with Article 9 of the EU Disclosure Regulation (SFDR) and supports the UN Global Compact, in addition to the Principles for Responsible Investments (UNPRI), in particular Principles 7, 9, 12 and 13.
This ESG-compliant financial product is designed to support the goals of the Paris Agreement and limit global warming.
The calculated impact of EBL X Invest’s target portfolio corresponds to 1,530 GWh of clean energy annually, i.e. 2.4% of Switzerland’s annual electricity consumption, 340,000 households with an average annual consumption of 4,500 kWh, or 165,000 electric cars driving from Basel to Bern every day.
Facts and figures
Asset class: infrastructure (Art. 53 para. 1 dbis BVV 2)
First subscription deadline: January 2024, more than EUR 106 million
Target volume of the fund: EUR 250–500 million
Target IRR (net): 6–9% *
Duration: up to 2050, plus 2 + 2 years
* Ziel-IRR: Die tatsächliche Rendite kann hiervon abweichen und sich im Laufe der Zeit ändern.
How you benefit
Unique strategic expertise: EBL X Invest is an exceptional fund as it is managed by the Swiss energy supplier EBL throughout its entire term. This company is not only a financial manager, but also has extensive expertise in asset selection, asset development and asset management. With 125 years of experience in the energy infrastructure sector, EBL offers an unparalleled understanding of the industry and has a significant stake of EUR 50 million.
Pure renewable energy fund with a focus on photovoltaics: specialising in high-quality photovoltaic projects and complementary other installations in renewable energies in established Western European markets and in Switzerland. Full compliance with the requirements of Article 9 of the EU Disclosure Regulation (SFDR) and strict sustainability reporting and investment criteria.
Secured, diversified ~1 GW portfolio of high-quality investments in attractive market projects: pre-identified and secured projects ensure maximum transparency, low investment risk and predictable, rapid capital deployment.
Track record since 2010: Together with renowned Swiss institutional investors, pioneering investments have been made in the field of renewable energies. Projects such as EBL Wind Invest from 2016 impressively illustrate how positive developments can exceed initial expectations.
Low risk profile: Core infrastructure investments offer stable, long-term returns, often through regulated framework conditions or contractually secured revenues. The underlying installations – such as photovoltaics or wind – are not dependent on the prevailing economic conditions, which can reduce risk. In addition, infrastructure investments have a low correlation with traditional asset classes and improve portfolio diversification. Last but not least, they make an active contribution to sustainability and ESG goals through their focus on renewable energies and social infrastructure.
Attractive dividend yield: target IRR (net) of 6–9% – attractive to investors looking for stable, profitable and sustainable investment opportunities.
Access to information about the ESG Art. 9 Fund «EBL X Invest SCSp, SICAV-RAIF»
You are entering the area that contains information on the Luxembourg investment fund EBL X INVEST SCSp, SICAV-RAIF (‘EBL X INVEST’). In Switzerland, units of EBL X INVEST may only be marketed, offered or sold to qualified investors within the meaning of Art. 10 (3) and (3ter) of the Swiss Federal Act on Collective Investment Schemes (CISA). There is currently no appointed representative or paying agent for EBL X INVEST in Switzerland. EBL X INVEST therefore may not be marketed, offered or sold to wealthy individuals or family offices without professional treasury operations that are only considered professional clients within the meaning of the Swiss Federal Act on Financial Services (‘FinSA’) on the basis of an opting-out declaration, but only to professional and institutional clients per se within the meaning of Art. 4 (3)–(5) FinSA and to financial intermediaries within the meaning of Art. 10 (3ter) CISA.
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For marketing and information purposes by EBL Infrastruktur Management AG, CH (EBL-IM), a manager of collective assets registered under the laws of Switzerland.
This document is for information purposes only and is not intended to be construed as a solicitation or an invitation to make an offer, to conclude a contract, or to buy or sell any securities or related financial instruments. It is not intended to provide and should not be relied on for accounting, legal or tax advice, or investment recommendations. This information pays no regard to the specific or future investment objectives, financial or tax situation or particular needs of any specific recipient. Reliance should not be placed on the views and information in this document when taking individual investment and/or strategic decisions. An investment in a EBL-IM financial instrument or financial product should only be made after reading the related legal documents such as private placement memoranda, prospectuses, annual and semi-annual reports, etc. The financial instrument described herein is only eligible for subscription by Swiss Professional Investors as defined in Kollektivanlagengesetz KAG (Federal Law on Collective Investment Schemes) and Finanzdienstleistungsgesetz FIDLEG (Financial Services Act FinSA).
Past performance is not a reliable indicator of future results. The value of an investment can go down as well as up and is not guaranteed. All investments involve risks including the risk of possible loss of principal (cf. General and Specific Risk Sections of the respective placement memorandum). Commissions and costs have a negative impact on performance. If the currency of a financial instrument or financial service is different from your reference currency, the return can increase or decrease as a result of currency fluctuations. The sustainability-related aspects of the fund can be viewed on the website of the management company. The Management Company may decide to discontinue the arrangements it has made for the distribution of the units of its collective investment undertakings in accordance with Article 93a of Directive 2009/65/EC. Further information on investor rights is available on the management company’s website: https://www.ipconcept.com/ipc/en/investor-information.html
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