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Evli Renewable Energy Infrastructure Fund II

Evli Renewable Energy Infrastructure Fund II focuses its investments on European renewable energy projects, particularly in solar and wind power.

Overview
Responsibility

Fund overview

High return target

The fund's target average annual net return (IRR) is 9-11% per annum over the term of the fund, including a target annual cash yield of 4-5%.

Reduction of global CO2-emissions

The fund offers investors a very concrete way to contribute to reducing the production of greenhouse gases.

Clear investment strategy, tangible investment targets

The focus of Evli Renewable Infrastructure II fund is on ready-to-build renewable energy projects, particularly in the Iberian Peninsula in Spain. The fund also invests in renewable energy in Finland and the Baltic States.

Experienced portfolio management team

The fund is managed by an experienced portfolio management team focused on renewable energy. Investments are made in different countries, always in cooperation with local partners.

Responsible asset manager

Evli has been a PRI signatory since 2010. Responsibility (ESG) is integrated throughout the entire investment process of Evli's funds.

 

NB! This product is intended for professional investors and a limited number of non-professional clients who make an investment of at least € 100,000 and who are considered to have an adequate understanding of the fund and its investment activities.

The scenarios presented herein are estimates based on historical data on the performance of similar investments, as well as current market conditions, and they are not exact indicators. Actual results will vary, depending on the market development during the fund term.

Suitable for investors:

  •  Professional investors, as well as a limited number of non-professional investors who invest the minimum amount required by the fund and who are deemed to have a sufficient understanding of the fund and its investment activities.
  • For the long-term investor seeking high returns.
  • For the investor who wants to diversify their investments not only in the equity and fixed income markets, but also in alternative investments.
  • For the investor who wants to make a positive impact on our environment and mitigate climate change.
  • Before investing, it is important to carefully read the fund's product documentation, as well as the characteristics and risks of the product.

This page provides general product information and is marketing communication. Historical returns are no guarantee of future returns. The value of an investment may rise and fall and the investor may lose some or all of the capital invested. The contents of this website should not be considered as investment advice and should not be relied upon in making an investment decision. Before making an investment decision, please consult the fund's legal documents, such as the key investor document. The information is available to those considering an investment from Evli.

Sustainability-related disclosures

Financial product’s sustainability information in accordance with EU Sustainable Finance Disclosure Regulation (SFDR) 2019/2088 (sustainability‐related disclosures in the financial services sector). This is a financial product in accordance with Article 9 of the SFDR.

Publication date: December 15, 2022
Legal Entity Identifier: 3183619-3 (business identity code)

The objective of the fund is to make sustainable investments in renewable energy infrastructure with a focus on solar and wind power. Solar and wind energy are renewable, carbon-neutral energy sources, and investing in their infrastructure will help curb carbon emissions from energy production and help meet global climate targets and the Paris Agreement’s target limit on global warming. The fund’s investments are aligned with the EU Taxonomy Regulation with regard to sustainable economic activities and the mitigation of climate change.

The fund aims to produce as much renewable energy as possible in an economically viable way. Renewable energy reduces both direct and indirect greenhouse gas emissions. Moreover, investments in energy efficiency reduce the intensity of energy consumption. These measures are aimed at mitigating climate change and contributing to the attainment of the targeted warming limit of the Paris Agreement. The fund does not use a benchmark index to measure the achievement of targets, as there is no Paris Agreement index available for the fund’s asset class. The fund follows EU guidelines on benchmarking when assessing the climate impact of investments and in its efforts to keep the fund’s warming ratio below the 1.5°C target. Its investments take into account various ESG factors linked to environmental and social characteristics. The fund monitors the carbon intensity of its investments, its exposure to high-emitting industries, climate-related opportunities, and its exposure to controversial weapons, tobacco and violations of the UN Global Compact principles, which it aims to minimize.

The fund does not make investments that would cause significant harm to other environmental or social objectives. The fund also takes into account the principal adverse impacts (PAI indicators) on sustainability factors. The aim of the fund’s strategy is to produce as much renewable energy as possible in an economically viable way. The production of renewable energy makes it possible to avoid carbon dioxide emissions. In addition, the fund considers water consumption and aims to reduce it. It preserves biodiversity in its projects and monitors the volume of waste generated and aims to reduce it. The investment targets are required to comply with the OECD Principles for Multinational Enterprises, the UN Global Compact and the UN Guiding Principles on Business and Human Rights.

The fund focuses its investments on European renewable energy projects, particularly in solar and wind power. The fund invests in renewable energy production facilities, infrastructure, storage and supporting technologies. The fund assesses governance quality to ensure that its investments comply with the OECD Principles for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights. The assessment includes factors such as competitive behavior, bribery and corruption, governance and business ethics, human resources and tax compliance. In a financial product, engagement with investment targets can be carried out as part of the promotion of the sustainability objective in the ways permitted by the investment product. Evli’s Principles of Responsible Investment sets the framework for Evli’s engagement activities and procedures in the event of perceived breaches of norms.

The fund’s investments are aligned with the EU Taxonomy Regulation with regard to sustainable economic activities and the mitigation of climate change. The fund may also invest in transitional and enabling economic activities associated with climate-change mitigation. The attainment of the fund’s sustainable investment objective is measured and reported with specific environmental indicators, and uses the amount of renewable energy produced, the amount of water consumed, the amount of greenhouse gas emissions avoided, and the amount of hazardous waste generated as sustainability indicators. The fund collects data on sustainability indicators to measure progress towards its sustainability objective. The data is not verified by a third party and the completeness of the data is reported at the same time. The coverage of the data does not affect the attainment of the sustainability objective.

No benchmark index has been designated for the fund to measure the achievement of the sustainable investment objective. The achievement of the sustainable investment objective is measured with the sustainability indicators.

The fund does not make investments that would cause significant harm to other environmental or social objectives. The fund also takes into account the principal adverse impacts (PAI indicators) on sustainability factors. The aim of the fund’s strategy is to produce as much renewable energy as possible in an economically viable way. The production of renewable energy makes it possible to avoid carbon dioxide emissions. In addition, the fund considers water consumption and aims to reduce it. It preserves biodiversity in its projects and monitors the volume of waste generated and aims to reduce it.

The investment targets are required to comply with the OECD Principles for Multinational Enterprises, the UN Global Compact and the UN Guiding Principles on Business and Human Rights.

The objective of the fund is to make sustainable investments in renewable energy infrastructure with a focus on solar and wind power. Solar and wind energy are renewable, carbon-neutral energy sources, and investing in their infrastructure will help curb carbon emissions from energy production and help meet global climate targets and the Paris Agreement’s target limit on global warming. The fund’s investments are aligned with the EU Taxonomy Regulation with regard to sustainable economic activities and the mitigation of climate change.

The fund aims to produce as much renewable energy as possible in an economically viable way. Renewable energy reduces both direct and indirect greenhouse gas emissions. Moreover, investments in energy efficiency reduce the intensity of energy consumption. These measures are aimed at mitigating climate change and contributing to the attainment of the targeted warming limit of the Paris Agreement. The fund does not use a benchmark index to measure the achievement of targets, as there is no Paris Agreement index available for the fund’s asset class. The fund follows EU guidelines on benchmarking when assessing the climate impact of investments and in its efforts to keep the fund’s warming ratio below the 1.5°C target. Its investments take into account various ESG factors linked to environmental and social characteristics. The fund monitors the carbon intensity of its investments, its exposure to high-emitting industries, climate-related opportunities, and its exposure to controversial weapons, tobacco and violations of the UN Global Compact principles, which it aims to minimize.

The fund assesses sustainability factors (environmental, social and governance responsibilities) when selecting investments. The fund assesses sustainability factors as part of the Due Diligence process for potential investments, for example. Environmental factors are at the core of the assessment, and the environmental factors analyzed concern reducing direct and indirect CO2 emissions, renewable energy production, improving energy efficiency, reducing water consumption, preserving natural capital (ecosystems, land, water) and mitigating climate change. Social factors focus on providing good working conditions and safety at work, preventing discrimination, standards that promote diversity, and complying with trade union guidelines. Communication with stakeholders, cybersecurity and product safety are also considered important ESG factors.

The fund focuses its investments on European renewable energy projects, particularly in solar and wind power. The fund invests in renewable energy production facilities, infrastructure, storage and supporting technologies.

The fund assesses governance quality to ensure that its investments comply with the OECD Principles for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights. The assessment includes factors such as competitive behavior, bribery and corruption, governance and business ethics, human resources and tax compliance.

The fund’s investments are aligned with the EU Taxonomy Regulation with regard to sustainable economic activities and the mitigation of climate change. The fund may also invest in transitional and enabling economic activities associated with climate-change mitigation.

The fund may hold other investments for liquidity purposes, for example, that do not meet the definition of a sustainable investment.

The attainment of the fund’s sustainable investment objective is measured and reported with specific environmental indicators, and uses the amount of renewable energy produced, the amount of water consumed, the amount of greenhouse gas emissions avoided and the amount of hazardous waste generated as sustainability indicators.

The sustainability characteristics of the financial product are monitored and reported using the sustainability indicator mentioned above.

In the investment process the portfolio manager assesses the investment instrument from a sustainability perspective as part of the overall investment decision. The fund collects data on sustainability indicators to measure progress towards its sustainability objective. The data is not verified by a third party and the completeness of the data is reported at the same time.

The achievement of the fund’s sustainability objective is reported annually through the sustainability indicators mentioned above, in conjunction with which the completeness of the data from the investment target is also reported. The coverage of the data does not affect the attainment of the sustainability objective.

The fund assesses sustainability factors as part of the Due Diligence process for potential investments. Environmental factors are at the core of the assessment, and the environmental factors analyzed concern reducing direct and indirect CO2 emissions, renewable energy production, improving energy efficiency, reducing water consumption, preserving natural capital (ecosystems, land, water) and mitigating climate change. Social factors focus on providing good working conditions and safety at work, preventing discrimination, standards that promote diversity, and complying with trade union guidelines. Communication with stakeholders, cybersecurity and product safety are also considered important ESG factors. Investment decisions are made in accordance with the UN Principles for Responsible Investment (PRI).

In a financial product, engagement with investment targets can be carried out as part of the promotion of the sustainability objective in the ways permitted by the investment product. Evli’s Principles of Responsible Investment sets the framework for Evli’s engagement activities and procedures in the event of perceived breaches of norms.

No benchmark index has been designated for the fund to measure the achievement of the sustainable investment objective. The achievement of the sustainable investment objective is measured with the sustainability indicators described above. 

Information on environmental and social characteristics of the fund in accordance with article 9 of Sustainable Disclosure Regulation

Fund (AIF) Evli Renewable Energy Infrastructure Fund II Ky
Legal structure Finnish limited partnership and feeder funds
Fund manager (AIFM) Evli Fund Management Company Ltd
Geographic focus Europe
Investment focus European renewable energy projects, especially in solar and wind power.
Strategy Investments in renewable energy.
Fund term 8 years (open for new subscriptions until October 2023).
Target return 9-11 % p.a.* net IRR** (total return);
Cash yield 4-5 % p.a.*

The target return and cash flow target return are based on an estimate of the development of the investment’s value and market conditions. The realized return is influenced by the success of the investment activity and the realized market development. The set return target may not be achieved. The value of the investment may rise and fall and the investor may lose all or part of the invested capital.
Material risks A closed-end long-term fund with weak and/or low liquidity.

Before investing, carefully read the fund's product documentation, as well as the characteristics and risks of the product. The risks are described in particular in the fund's relevant and sufficient information document.
Minimum commitment EUR 100,000
Target size EUR 100 million

* p.a. means annual return ** internal rate of return

Fund's expenses and other supplementary information are available in the Key Investor Information Document.