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
Investment fund operator per Act No. 240/2013 Coll., on investment companies and investment funds
Acts as the
The fund founders are also the only shareholders and top managers of the primary fund advisor, Solar Global Investment, a.s.
RNDr. František Smolka Statutary Director
Frantisek has been involved in the field of renewable energy since 2009. Until 2014, he was a Chairman of Solar Global, a.s., which built 13 photovoltaic power plants with an output of 25 MW and continues buying several existing ones every year. Until today, he remains one of the shareholders of Solar Global and participates in the strategy and management of group´s several subsidiaries. He is a Chairman and CEO of Solar Global Service, which provides services to photovoltaic plants with a total installed capacity of 100 MW. He is also a member of the Board of Solar Global Investments, a company focused on interesting investments in the energy sector. At last but not least, he is a Statutory Director of Solar Global Energy, a.s.
Mgr. Jan Fousek Executive Director
Jan mainly focuses on energy and emissions markets, he has worked in the field since 2008. His opinions are regularly sought by well-known local (TV, radio stations, daily newspapers, economic magazines, energy servers) as well as international business media such as Bloomberg, Thomson Reuters or Wall Street Journal). He frequently speaks at prestigious energy and carbon conferences all over the world, mostly in Europe and China.
After 5 years of managing and owning 50 % of one of the most important emissions brokerage house and power and gas trading company in Europe, he decided to seek new business opportunities and joined Solar Global, a leading Czech photovoltaic power producer. Jan´s main task is to successfully launch a power trading desk from tens of group´s own solar power plants and later extend the trading portfolio to other renewable sources as well.
Ing. Vítězslav Skopal Chairman of the Board
Vitezslav Skopal is involved in area of renewable energy sources since 2006. At that time, he participated in establishing Energy 21, currently the second biggest Czech solar power producer, as well as he co-found CE Solar, which was responsible for construction of new photovoltaic power plants for Energy 21. In 2009, Vitezslav found and from the position of Chairman of the board manages Solar Global, a company, which has already built 13 solar power plants and keeps buying new ones. Another company, Solar Global Service, where he is also one of the major shareholders, provides servicing for photovoltaic power plants with an installed capacity of more than 100 MW. Through his other company, Solar Global Investments, he is looking for new investment opportunities into renewable sources. At last but not least, he is a Chairman of the Executive council of Solar Glogal Energy, the power trading entity of Solar Global group.
› 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
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.
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.
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)
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.
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.
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.
Yes, all the yields above 6 % will be divided among the fund administrators and investors in the 60:40 ratio.
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).
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.
› 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
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.
The investment shares are book-entry registered shares. The investors may access the portfolio and information on their share value through a web interface.
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.
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.
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.
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.
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!