Power plants will be acquired by the fund on completion of construction and managed through their industrial life, which it believes would be around 20 years.
Investments are likely to be made in the strategic markets that include Germany, USA and Italy. Funds will be made available to about 30-35 medium sized power plants in the said strategic markets.
The investment group will look to focus mainly on fuel-independent, mature technologies (such as wind and solar) to secure its investments of any operating complexity and ensuing risk.
Designed to meet requirements of institutional investors RAEF will be the third fund to be managed by the Investment Group. Commencement of investments is currently awaiting regulatory approval.
