New Energy Solar was established in November 2015 with the objective of helping investors generate positive social impact alongside attractive financial returns through the combination of distributions from producing solar assets and growth through new acquisitions and developments in the solar and renewable sectors.
New Energy Solar is a new sustainable investment fund initially focused on investing in large-scale, cash-flow producing solar farms that generate emissions-free power. New Energy Solar will focus on acquiring and maintaining a diversified portfolio of solar and renewable energy assets across the globe, with an initial focus on solar assets with contracted cash flows in the United States, Australia and select Asian markets. The Fund will primarily seek to invest in renewable energy assets with an initial focus on the current market opportunity in large-scale, cash-flow producing solar farms that generate emissions-free power.
The Fund may also invest in other renewable energy assets including wind, geothermal, hydro-electricity, hybrid solutions and associated investments such as battery and other storage, smart metering and other potential future technologies.
The Fund may invest globally with an initial focus on the United States, Australia and select Asian markets.
New Energy Solar is an unlisted stapled1 entity consisting of New Energy Solar Fund (Trust) and New Energy Solar Limited (Company) (together New Energy Solar or the Fund).
New Energy Solar Manager Pty Limited (ACN 609 166 645) (Investment Manager) is the investment manager of the Trust and the Company. The Investment Manager is a newly established company and is a related body corporate of the Responsible Entity.
The officers of the Investment Manager with the primary responsibility for management of the Trust and the Company will be Alex MacLachlan and Tom Kline. The Investment Manager has initially engaged a renewable energy professional, Alistair Craib, to provide industry consulting services as required.
Like all investments, an investment in the Fund carries risks which may result in the loss of income or principal invested. In addition to the general risks of investing, specific risks associated with investing in the Fund include residual value of investments, distribution risk, currency risk and interest rate risk. For further information about the risks of investing in the product see Section 7 of the Offer Document.
1Stapled securities are created when two or more securities are contractually bound together so that they cannot be bought or sold separately. The two parts are usually a share in one company and a unit in a trust related to that company.