A giant mass of floating plastic in the Atlantic, extinction of animal species, polluted environment, reduced drinking water supplies, the devastation of rain forests in Amazon, high CO2 levels in the atmosphere around the world… There are many global problems facing our planet. What can be done to help the environment? The change starts with you! At NOVA Green Energy, we believe that by supporting meaningful local green projects we can contribute to sustainable development and thus do our part to save the Earth.

NOVA Green Energy contributes to sustainable development in the Czech Republic, Slovakia, and Hungary, in other words, in locations we know. Fund owns renewable energy sources producing green electricity and heat and aims to reduce the negative impact on the environment as much as possible.

That is why we install solar panels where nothing can grow, in the tailings pond near the uranium mine. That is why we use the roof-tops of farm buildings, which have no other use. That is why we try to process all the wood to zero waste. And that is why we use feedstock in biogas stations twice, first as fuel, then as fertilizer.

It is important to us that we do not occupy valuable agricultural land, that we do not affect the surrounding landscape with our projects, and for us to use resources efficiently. Thanks to investors who share those values with us, we can contribute to sustainable development and reduce harmful emissions in the closest environs of Central and Eastern Europe.

The NOVA Green Energy fund is suitable for conservative investors who expect stable growth of their investments and appreciate the net average return over 6 % p.a., which is independent from capital market development. 

Performance

Audited net appreciation

2021
4.62%
p. a.
2020
-5.97%
p.a.
2019
6.26%
p. a.
2018
6.36%
p. a.
2017
6.04%
p. a.
2016
5.36%
p. a.
2015
8.25%
p. a.
2014
7.71%
p. a.
  • Fund owns renewable energy sources producing green energy and heat
  • We invest in locations we know - the Central Europe region
  • Taking advantage of benefits of guaranteed Feed-in Tariffs for renewable energy for the next 15-25 years
  • Suitable for conservative investors who expect stable growth of their investments
  • Investor participates in emission reduction and environmental sustainability
  • Independent from capital market development

Blog

Výkonnost fondů Redside v prosinci 2021

Naše fondy zaznamenaly i v prosinci pozitivní výsledek.

Performance of Redside funds in November 2021

Our funds also recorded a positive result in November.

Výkonnost fondů Redside v listopadu 2021

Naše fondy zaznamenaly i v listopadu pozitivní výsledek.

Investment projects

Investment Strategy

NOVA Green Energy is a fund of qualified investors (hereinafter only “Fund”) investing in equity of companies operating small and medium facilities (1-4 MW) that generate power from renewable sources of energy in the Central and Eastern Europe, particularly in the Czech Republic and Slovakia. The yield of the Fund is steady because it’s based on feed-in tariffs of electricity for a period of 15 – 20 years; moreover these prices exceed a common market electricity price. Those factors together with effective asset management reflect in economic result of the Fund. 

The Fund aims to be the best option for conservative investors expecting stable government guaranteed income and adequate capital appreciation in the area of renewable sources. Strict regulation framework, clearly set management motivation, a respected fund manager, expert and auditor as well as other institutional and project guarantees ensure maximum transparency of NOVA Green Energy following the model of Western Europe investment funds.

Basic Data about Fund

Fund type Qualified investors fund - SICAV
Fund focus/objective Renewable sources of energy ; corporate bonds
Private equity in medium-sized companies engaged in business of renewable energy; corporate bonds of prosperous companies

Dividend class

ISIN CZK:

ISIN EUR:

CZ 000 804 48 23

CZ 000 804 48 31

Growth class

ISIN CZK:

ISIN EUR:

CZ 000 804 48 07

CZ 000 804 48 15


ISIN EUR LI LI 033 564 74 05
Issued security Investment shares are issued as no-par value shares.
Expected annual performance: 6+% p.a.
Fund duration Since January 2013 for an indefinite period
Minimal investment Minimum initial investment for every single investor of the Sub-fund amounts to EUR 125,000 or CZK 1,000,000 (equivalent 40,000 EUR) after performing a suitability test under Section 15 ZPKT
Recommended investment horizon 5+ years
Entry fee max. 3 %
Exit fee max. 5 % (2 years from entry)
max. 3 % (3rd year from entry)
max. 2 % (4th year from entry)
max. 1 % (5th year from entry)
0 % (after 5 years)
Fund manager REDSIDE, Fund Management
Total annual costs Max. 1.95 % from NAV of the Fund
Performance fee 30 % from annual audited yield over 6%
Depository UniCredit Bank
Auditor PriceWaterhouseCoopers Audit
Supervisory authority Czech National Bank
Law and accounting system Czech Republic
Taxation 5 % from profit

Risk Profile

The assets of Subfund 1 are burdened by concentration risk and specific risk related to the bankruptcy of the Arca Capital financial group, which was a significant business partner of Subfund 1 (counterparty to selected transactions) and is now undergoing a reorganization process. The risk of instability of the state energy policy is also significant, which can negatively affect the value of assets in Subfund 1. Considering the regional nature of Subfund 1's investments, significant risks include currency and interest rate risks related to macroeconomic and geopolitical developments in the countries in which Subfund 1 invests.

Performance

2021
4.62%%
p.a.
2020
-5.97%%
p.a.
2019
6.26%%
p.a.
2018
6.36%%
p.a.
2017
6.04%%
p.a.
2016
5.36%%
p.a.
2015
8.25%%
p.a.
2014
7.71%%
p.a.

Current value of the Sub-fund’s investment shares as of 8/2022

CZK  Growth Share 1,3249 CZK* 
CZK  Dividend Share 1,2455 CZK*
EUR  Growth Share 0,1501 EUR*
EUR  Dividend Share 0,1412 EUR*

Performance in August 2022:

1 month:     0,40 %
1 year:     4,89 %
YTD:     3,59 %
DateGrowth Share Price (EUR)Dividend Share Price (EUR)Equity Value (EUR)
31.8.20220,1501*0,1412*76 826 869*
31.7.20220,1495*0,1406*76 415 130*
30.6.20220,1490*0,1401*75 972 862*
31.5.20220,1482*0,139475 621 675*
30.4.20220,1476*0,1388 *75 448 959 *
31.3.20220,1469*0,1382*75 397 721*
28.2.20220,1462*0,1375*74 214 634*
31.1.20220,1454*
0,1367*
74 644 456*
31.12.20210,1449*
0,1363*
73 723 645*
30.11.20210,1445*
0,1359*
72 671 996*
31.10.20210,1439*
0,1354*72 165 794*
30.9.20210,1433*
0,1348*
72 102 532*
31.8.20210,1431*
0,1346*71 948 056*
31.7.20210,1425*
0,1340*
71 689 500*
30.6.20210,14200,133570 430 010
31.5.20210,14130,132870 090 718
30.4.20210,14080,132469 307 120
31.3.20210,14020,131969 019 239
28.2.20210,13960,131368 029 394
31.1.20210,13920,130967 454 979
31.12.20200,13850,130265 986 610
30.11.20200,1380**0,1298**65 797 326**
31.10.20200,1575**0,1481**73 930 598**
30.9.20200,1566**0,1473**73 635 036**
31.8.20200,15570,146471 083 106
31.7.20200,15470,145569 823 965
30.6.20200,15430,145168 563 383
31.5.20200,15350,153567 675 541
30.4.20200,15250,152566 924 382
31.3.20200,15150,151565 842 104
29.2.20200,14950,1495
65 954 203
31.01.20200,14830,148365 317 264
31.12.20190,147365 520 897
30.11.20190,146363 253 390
31.10.20190,145062 186 147
30.9.20190,144561 360 195
31.8.20190,143658 227 686
31.7.20190,142956 850 957
30.6.20190,141755 872 592
31.5.20190,145656 389 427
30.4.20190,144855 159 608
31.3.20190,144154 746 245
28.2.20190,143154 088 598
31.1.20190,142953 642 420
31.12.20180,142153 124 470
30.11.20180,141452 506 055
31.10.20180,140952 145 100
30.9.20180,140249 259 963
31.8.20180,139548 958 472
31.7.20180,138749 353 081
30.6.20180,137650 066 789
31.5.20180,136949 735 389
30.4.20180,136249 604 356
31.3.20180,134148 906 762
28.2.20180,133048 020 358
31.1.20180,132647 914 135
31.12.20170,133647 187 925
30.11.20170,133146 637 339
31.10.20170,132646 707 174
30.9.20170,132246 195 354
31.8.20170,129645 295 474
31.7.20170,129144 997 517
30.6.20170,128644 637 530
31.5.20170,128144 324 105
30.4.20170,127743 863 749
31.3.20170,127343 472 706
28.2.20170,126843 159 068
31.1.20170,126443 010 118
31.12.20160,125942 723 691
30.11.20160,125142 297 515
31.10.20160,124742 127 026
30.9.20160,124337 837 399
31.8.20160,124030 551 802
31.7.20160,123336 758 845
30.6.20160,122735 624 483
31.5.20160,122135 473 780
30.4.20160,121535 604 556

*The announced (published) current value of the investment share of the fund NOVA Green Energy, SICAV, a.s. issued in respect of the sub-fund NOVA Green Energy – podfond 1 applicable for the current month CANNOT be used for the purposes of calculating the price for the issue and redemption of investment shares in applications submitted in the current month, as this has been temporarily suspended based on a decision of the sole member of the fund's management board on 27th April 2022.

**The announced (published) current value of the investment share of the fund NOVA Green Energy, SICAV, a.s. issued in respect of the sub-fund NOVA Green Energy – podfond 1 applicable for the current month CANNOT be used for the purposes of calculating the price for the issue and redemption of investment shares in applications submitted in the current month, as the issuance and redemption of investment shares of the subfund NOVA Green Energy - podfond 1 is suspended based on a decision of the fund's statutory director on 5th October 2020. However, this current value of the investment share has been announced by the manager in accordance with the fund’s and sub-fund’s statute.

DateGrowth Share Price (CZK)Dividend Share Price (CZK)Equity Value (CZK)
31.8.20221,3249*1,2455*1 885 715 488*
31.7.20221,3194*1,2403*1 880 576 343*
30.6.20221,3148*1,2360*1 879 568 597*
31.5.20221,3080*1,2296*1 868 611 594*
30.4.20221,3025*1,2245*1 856 421 633*
31.3.20221,2964*1,2187*1 838 573 437*
28.2.20221,2903*1,2130*1 854 994 779*
31.1.20221,2830*
1,2061*
1 818 712 161*
31.12.20211,2787*
1,2020*
1 832 769 813*
30.11.20211,2753*
1,1989*
1 854 952 699*
31.10.20211,2701*
1,1940*
1 854 300 076*
30.9.20211,2647*
1,1889*
1 838 254 053*
31.8.20211,2626*
1,1869*
1 836 474 129*
31.7.20211,2575*
1,1822*1 828 082 251*
30.6.20211,25311,17801 794 908 806
31.5.20211,24641,17171 783 808 773
30.4.20211,24271,16821 794 014 801
31.3.20211,23751,16331 804 508 003
28.2.20211,23171,15791 782 029 975
31.1.20211,22821,15461 755 178 552
31.12.20201,22211,14891 731 818 581
30.11.20201,2176**1,1446**1 723 231 969**
31.10.20201,3901**1,3068**2 014 608 795**
30.9.20201,3819**1,2991**2 003 609 329**
31.8.20201,37341,29111 863 088 208
31.7.20201,36501,28321 827 642 285
30.6.20201,36151,27991 833 384 861
31.5.20201,35461,35461 821 487 185
30.4.20201,36401,34601 813 316 131
31.3.20201,33641,33641 799 135 492
29.2.20201,31871,31871 674 577 214
31.01.20201,30851,30851 646 648 226
31.12.20191,29981 664 885 993
30.11.20191,29071 613 910 247
31.10.20191,27961 586 368 612
30.9.20191,27521 584 013 434
31.8.20191,26731 508 970 484
31.7.20191,26121 458 795 556
30.6.20191,25011 421 678 104
31.5.20191,28451 455 805 838
30.4.20191,27741 415 395 541
31.3.20191,27191 412 453 121
28.2.20191,26231 384 668 109
31.1.20191,26061 381 828 739
31.12.20181,25371 366 626 990
30.11.20181,24741 362 794 656
31.10.20181,24361 351 600 992
30.9.20181,23681 266 719 950
31.8.20181,23071 259 946 277
31.7.20181,22411 263 438 873
30.6.20181,21461 302 737 849
31.5.20181,20791 282 675 683
30.4.20181,20121 266 895 252
31.3.20181,18331 243 698 958
28.2.20181,17351 220 677 500
31.1.20181,17021 210 790 191
31.12.20171,17891 205 179 598
30.11.20171,17451 189 018 951
31.10.20171,17021 198 973 157
30.9.20171,16611 199 924 332
31.8.20171,14301 182 438 340
31.7.20171,13861 173 535 233
30.6.20171,13441 169 280 105
31.5.20171,13051 171 042 857
30.4.20171,12641 180 812 119
31.3.20171,12331 175 067 255
28.2.20171,11881 166 158 020
31.1.20171,11491 162 133 385
31.12.20161,11071 154 394 121
30.11.20161,10331 144 570 753
31.10.20161,09991 138 482 874
30.9.20161,09641 022 366 532
31.8.20161,0937825 815 219
31.7.20161,0875993 591 583
30.6.20161,0828966 492 229
31.5.20161,0769958 501 534
30.4.20161,0718962 747 190
31.3.20161,0626954 909 342
29.2.20161,0577950 488 064
31.1.20161,0529945 422 922
31.12.20151,0487941 669 415
30.11.20151,0424902 567 612
31.10.20151,0372893 036 806
30.9.20151,0319891 097 022
31.8.20151,0259881 558 755
31.7.20151,0203876 768 361
30.6.20151,0173788 757 381
31.5.20151,0000924 800 326

*The announced (published) current value of the investment share of the fund NOVA Green Energy, SICAV, a.s. issued in respect of the sub-fund NOVA Green Energy – podfond 1 applicable for the current month CANNOT be used for the purposes of calculating the price for the issue and redemption of investment shares in applications submitted in the current month, as this has been temporarily suspended based on a decision of the sole member of the fund's management board on 27th July 2021.

**The announced (published) current value of the investment share of the fund NOVA Green Energy, SICAV, a.s. issued in respect of the sub-fund NOVA Green Energy – podfond 1 applicable for the current month CANNOT be used for the purposes of calculating the price for the issue and redemption of investment shares in applications submitted in the current month, as the issuance and redemption of investment shares of the subfund NOVA Green Energy - podfond 1 is suspended based on a decision of the fund's statutory director on 5th October 2020. However, this current value of the investment share has been announced by the manager in accordance with the fund’s and sub-fund’s statute.

The Fund in terms of diversification acquires various renewable energy assets in the region of CEE, thus spreading the risk.

The Fund may invest into the following facilities:

  • Photovoltaic Powerplants
  • Wind Powerplants
  • Small Hydro Powerplants
  • Waste-to-energy Facilities
  • Combined Heat and Power Production (cogeneration)
  • Biogas Powerplants
  • Biomass Facilities
  • Energy Funds

Watch our key projects in the 2 minute video. The list of all our projects may be found below.

Photovoltaic Powerplant Csabrendek

Location: Hungary
Installed capacity: 28 MW electric
Commercial operation date: 2021
In fund: 2021
Support scheme: Guaranteed Feed-in-Tariffs for 20 years

Photovoltaic Powerplant Barcs

Location: Southern Hungary
Installed capacity: 15 MW electric
Commercial operation date: 2019
In fund: 2020
Support scheme: Guaranteed Feed-in-Tariffs for 25 years

Biomass Powerplant Krnca

Location: Western Slovakia
Installed capacity: 1 MW electric + 4 MW thermal
Commercial operation date: 2013
In fund: 2016
Support scheme: Guaranteed Feed-in-Tariffs for 15 years

Biomass Powerplant Topoľčany - Purpose loan

Location: Western Slovakia
Installed capacity: 8 MW electric + 28 MW thermal
Commercial operation date: 2011

Biomass Powerplant Bardejov - Purpose loan

Location: Eastern Slovakia
Installed capacity: 8 MW electric + 25 MW thermal
Commercial operation date: 2009

Biogas Station Horovce 2

Location: Western Slovakia
Installed capacity: 1 MW electric 
Commercial operation date: 2013
In fund: 2017
Support scheme: Guaranteed Feed-in-Tariffs for 15 years

Biogas Station Horovce 3

Location: Western Slovakia
Installed capacity: 0,5 MW electric
Commercial operation date: 2013
In fund: 2017
Support scheme: Guaranteed Feed-in-Tariffs for 15 years

Biogas Station Horovce 4

Location: Western Slovakia
Installed capacity: 0,5 MW electric 
Commercial operation date: 2013
In fund: 2017
Support scheme: Guaranteed Feed-in-Tariffs for 15 years

Mandatory Information

Yes. You must however make sure and confirm to Redside that the ultimate buyer is aware that the Nova Green Energy fund is a fund for qualified investors, i.e. governed by a specific law and with the minimum investment threshold as set out by the Czech law.

Investors must in compliance with Czech legislation fill in subscription documentations as follows:

a) Agreement on issuance and redemption of units of qualified investor funds;
b) Request for the issuance of investment certificates;
c) Affidavit of the Investor of the Qualified Investors Fund (not necessary for the professional clients, i.e. banks, funds etc.);
d) AML documentation (not necessary for the professional clients, i.e. banks, funds, etc.);
e) Questionnaire regarding investment skills (not necessary for the professional clients, i.e. banks, funds).

The Central Register kept by Central Securities Depository Prague participants records all registered securities issued in the Czech Republic, including that of Nova Green Energy Fund. The Central Register is a two-stage register composed of a register kept by the Central Securities Depository and the follow-up records maintained by the so-called CSD Prague participants, i.e. especially securities trading participants.

On the base on above mentioned please take into account that we are able to settle the transaction only if your client has so called asset account with one of the Central Securities Depository Prague participants.

See list of Participants here:

http://www.cdcp.cz/index.php/en/participants-list

Monthly.

There is no deadline, really. A subscription order may be submitted in person at the Investment Company, send via mail (info@redsidefunds.com) or via fax (+420 224 931 368). Shares of the Fund are subscribed for the actual value of share announced always for the period, in which the so-called decisive date occurs, that is the day for subscription of financial means remitted by the fund-holder to the account of the Fund (see more details in prospectus of the fund).

The actual value of the unit is determined always as of the last day of the calendar month with validity for the following month, i.e. for September 2016 from the first date of September until the last date of the month. The actual value of the unit of the Fund is determined within 10 business days of the following month, in our example October (upon monthly financial review, as prescribed by the regulator). The actual value of the unit of the Fund is announced within next 15 business days then after.

As far as redemption goes, it is always handled with regard to the overall investment. In short, with investments up to 10 million CZK = approx. 400,000 EUR are redeemed within 4 months. Investments from 10 million CZK to30 million CZK (400,000 - 1,200,000 EUR) are redeemed within 6 months. Greater investments than those mentioned will take up to one year. Once redemption notice is received, the investment is frozen with zero return until redemption is payoff.

If a bank/financial institution is the final client, there is no minimum investment. If a private individual invests personally, the minimum investment is 40,000 EUR. However, if a bank/financial institution acts on behalf of its clients and intends to deposit them onto their accounts then the minimum investment must be no less than 125,000 EUR as we will be unable to conduct KYC and to determine investment profile of each such client. The entry fees apply - however with investment over 250,000 EUR the fees are zero.

The settlement can be without money or versus money (RFP/DFP or RVP/DVP). All we need to agree is the volume to notify the Prague stock exchange where the Fund is being traded and Central Securities Depository Prague. It should not take longer than a few days, max 10 working days (due to the notification period ).

There is no lock-up period and exit fees are charged according to the statute of the fund.

Yes, it is set up for 30% from annual audited yield over 6%.

Performance of the fund and its return are calculated monthly and the respective financial statements are produced to that effect. No less than once a year every asset in the fund is revalued by a regulator-appointed expert.

The investment strategy is based on indirect investments in SPVs holding various photo-voltaic plants, biomass and biogas units and it is expanding gradually to diversify to other sources of renewable energy.

As a peripheral type of investments, the Fund will make investments using investment instruments of both domestic financial market and foreign financial markets, i.e. corporate bonds, corporate bills of exchange etc.

4

In this case there is necessary to apply for Redside’s approval because we as the fund manager must secure that units of the fund are held by the qualified investors only (the Czech law must-have condition).

Subscription /redemption and switch notices can be sent every workday till 5 p.m.

40.000 EUR or 1.000.000 CZK if the investor proves awareness of investment skills by fulfilling the investor profile questionnaire. This questionnaire will be assessed by Redside. However, if a bank/financial institution acts on behalf of its clients and intends to deposit them onto their accounts then the minimum investment must be no less than 125,000 EUR as we will be unable to conduct KYC and to determine investment profile of each such client.

250.000 CZK

+420 224 931 368

Trading via swift in not allowed

From 10th workday in month.

Amount

Quantity

  • Final beneficiary account name:

NOVA Green Energy, SICAV, a.s.

  • Final beneficiary account number:

CZK account: IBAN CZ9327000000002110984871
EUR account: IBAN CZ4327000000002110984898

  • Bank:

UniCredit Bank Czech Republic and Slovakia, a.s.

BACX CZ PP