Fond Obnovitelných Energií SICAV a.s.

The investment fund “Fond Obnovitelných Energií SICAV a.s.” (hereinafter only FOE) specializes on the purchasing of power plants producing energy from renewable sources. It is a fund of SICAV-type qualified investors with a variable basic capital level. The fund offers capital appreciation in the innovative areas of renewable energy sources (RES), in which the founders operate since 2007. The Solar Global´s partners are behind the development of the two leading Czech photovoltaic energy producers - ENERGY 21 and then Solar Global group.

We believe that renewable energy sources will play an increasingly important role in the energy mix. The Czech RES market is very fragmented and its gradual consolidation is in progress. This creates an ideal position for purchases under interesting conditions, and that is why we offer other investors an opportunity to utilize this situation for above-standard capital appreciation.

We have one of the best know-hows in the RES field. We are able to select the right investment projects, utilize our rich experiences with project purchases, and thanks to the sister companies from the Solar Global group, we are able to effectively operate power plants as well.

Opportunity for investors
Investment share yield

6 %

  • Investment fund operator per Act No. 240/2013 Coll., on investment companies and investment funds

  • Provides supervision
    and control

  • Acts as the
    expert advisor

  • Fund authorized
    depositary

  • Fund
    auditor

Fund management

The fund founders are also the only shareholders and top managers of the primary fund advisor, Solar Global Investment, a.s.

Supervisory bodies

› Solar Global Investments, a.s. - Expert advisor and 100 % fund owner
› AMISTA investiční společnost, a.s., - Administrator per Act No. 240/2013 Coll., on investment companies and investment funds, is renowned company AMISTA investiční společnost, a.s., the biggest Czech expert in the area of Qualified investor funds
› ČNB - fond Obnovitelných Energií SICAV a.s. (FOE) is subject to strict supervision and control by the Czech National Bank (ČNB)
› Unicredit bank - Statutory fund authorized depositary
› KPMG - The fund is annually audited by prestigious advisory company KPMG
› KRESTON A&CE - The fund assets are valued by expert institute KRESTON A&CE

Current investment projects

Revenues

Fond Obnovitelných Energií SICAV a.s. owns four photovoltaic power plants, which were purchased from their original owners before the end of 2015 and during the following year. The power plants feature stable revenues nearing the limit of 50 mil. CZK per year. The fixed cost structure and non-existent liabilities form the basis for both profit and cash predictions.

Revenues of the individual projects (million CZK)

Total revenues (million CZK)


We expect the minimum annual rate of profit of 6 %. However, the percentage may be higher as well. In such a case, every investor will receive additional 40 % from every percent above the expected annual rate.

Model investment:

Deposit of 1 million CZK, for 3 years, the fund will appreciate its shareholders’ investments first year by 6.3%, next year 7.1%, and third year 6.5%. Financial growth:

› After the 1st year: 1.063 mil. CZK

› After the 2nd year: 1.138 mil. CZK

› After the 3rd year: 1.212 mil. CZK

= More than 212 thousand CZK over 3 years (after 3 years without taxation)

Investor's frequently asked questions (FAQ)

  • For whom is this investment designed?

    FOE is ideal for investors with longer investment horizons (3 and more years) who search a zero-risk investment with above-standard appreciation. The pleasant moral bonus may be the fact that we only invest in the green technology development.

  • What do we invest in?

    Our fund primarily focuses on the purchasing of power plants that produce energy from renewable resources (especially solar). However, we, as people actively acting in the field of green power industry, we constantly monitor new trends (battery-based energy storage, energy efficiency, etc.). Therefore, we may expand our investment portfolio in the future.

  • What do you base your expectation of minimum 6 % annual investment appreciation on?

    Upon request, we will gladly provide you with all of our costs and revenues calculations. We have been operating in the renewable energy sources (RES) for a long time. We own or service multiple dozens of photovoltaic power plants. Therefore, after years of experiences, we are able to relatively precisely estimate the amount of revenues, which we expect in the future as well.

  • Am I going to make more, if the fund yields annually more than the declared 6 %?

    Yes, all the yields above 6 % will be divided among the fund administrators and investors in the 60:40 ratio.

  • What is the minimum investment?

    CZK 500,000

  • After what period of time and under what conditions may I withdraw my funds?

    The minimum period of time after which you may withdraw your funds without any exit fee is 3 years. If you, as an individual, keep your investment shares with us for at least three years, the subsequently generated profit is exempt from taxation (the 36-month shareholding time test is applied per the law).

  • What will happen if I need to withdraw my funds sooner?

    The investor may ask the fund for a buyback at any time. The early repayment conditions are described in the fund status and the investor's general agreement concluded with the fund.

  • What guarantee do I have that I will not lose my funds?

    › Fond Obnovitelných Energií SICAV a.s. (FOE) is subject to strict supervision and control by the Czech National Bank (ČNB)

    › The fund authorized depository is the Unicredit Bank, as required by the law

    › Administrator per Act No. 240/2013 Coll., on investment companies and investment funds, is renowned company AMISTA investiční společnost, a.s., the biggest Czech expert in the area of Qualified investor funds

    › The fund is annually audited by prestigious advisory company KPMG

    › In the beginning, the founding shareholders invest four of their power plants into the fund. Their value is a few hundreds of millions crowns; therefore, the funds are invested in perspective projects with a guaranteed yield till up to 2030

    › The fund assets are valued by expert institute KRESTON A&CE

  • Will I receive the yield every year or only in the end of the investment period?

    This is a growth investment share. Therefore, the yield is regularly re-invested. The investor may ask the fund for a partial buyback at any time.

  • What type of shares am I going to have?

    The investment shares are book-entry registered shares. The investors may access the portfolio and information on their share value through a web interface.

  • I have heard of an uncertainty concerning some RES support payment. Any risk of this type?

    Not at all. The RES support is firmly anchored at the all-Europe level in the Union's legislation and no state may act against it despite occasional attempts.

  • May I find out how is my investment doing during a year?

    Yes, through the web interface available in the investor section where you will receive information on the value of your investment share and whole portfolio.

  • What will happen with a photovoltaic power plant after the subsidies become unavailable in 15 years, on average?

    These power plants already exist, especially in Spain. They are more than 20 years old and keep operating even after that time. Their efficiency is about 85%, bringing nice profits, even without subsidies, to their owners thanks to the sales of electric power to the power grid.

Own professional power plant service

Not only a profitable acquisition, but its effective administration guarantees great investment as well. Thanks to our sister company Solar Global Service a.s. (SGS) we are able to monitor and operate photovoltaic power plants very well. SGS is a leading Czech provider of services to the photovoltaic power plant operators and successor or FVK Global a.s., which built almost 200 photovoltaic power plants. It gained its top-level know-how both during constructions and subsequent services.

Today, Solar Global Service operates 60 photovoltaic power plants with their total output of 100 MW. The years of our workers’ experiences, large spare parts warehouse, permanent control centre, and free service guarantee high energy production. Our customers highly appreciate this. Thanks to that, Global Service repeatedly won tenders held by ENERGY 21. Resultantly, it services its Moravian FVEs.

We control our investment administration online

Our sister service company Solar Global Service operates in its unique operation control and management system. The administered power plants are continuously monitored by the monitoring centre in Uherské Hradiště. It is able to immediately detect any technical problem in the crucial FVE sections. Thanks to our large spare parts warehouse, it is possible to eliminate any detected problem very quickly.

Our customer may be informed of any technical defect and its elimination through e-mail or SMS. In addition, our unique customer profile provides the current overview of revenues currently generated by our power plants. Thanks to that, our investors also have access to this information and have it under control - anywhere and online!

Customer portal

Contacts

Fond Obnovitelných Energií SICAV a.s.
Křižíkova 680/10b,
186 00 Praha 8

ID No.: 05668727