The RENAIO system concept
Investment universe
The RENAIO infrastructure fund was launched as a SICAV-RAIF at the beginning of 2019 to support the energy transition and offer institutional investors the opportunity to invest in small and medium-sized hydropower plants and make a contribution to climate protection in addition to a stable return. It is the first open-ended hydropower fund for small to medium-sized investments in Europe. The focus is exclusively on hydropower plants from the EU27 region (plus the UK and Switzerland) with an investment focus on the Alpine region and Central Europe.
Hydropower plants from Poland, Slovakia and the Czech Republic are included for diversification purposes. The technological mix is achieved via the various types of power plant. We focus on the management and operation of small to medium-sized hydropower plants with an installed capacity of 200 KW to 5 MW.
The RENAIO principle - of strict regional diversification - avoids cluster formation. Independent companies are acquired, which are examined by RENAIO and local partners as part of a transparent due diligence process.
The infrastructure fund is suitable for investors who are required to invest in accordance with the VAG or the Investment Ordinance (AnlV Section 2 (1) No. 17 or No. 13b).
Investments & Assets
As a rule, singular hydropower plants with an investable asset size between € 3 million to € 15 million qualify to be acquired. In addition to the classic run-of-river and pressurized water systems, smaller screw power plants are also purchased. Our aim is to acquire 100% of the company shares for the fund. However, a minority interest of at least 40% is possible. In the lower hydropower output class, where we focus on, we find a healthy liquidity, enabling us to build up a broadly diversified portfolio.
