Responsible investing in real assets

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. 

Benefits

  • 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

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  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.

How to invest

ndividual Investors

The investment in the Fund is exclusively intended for persons matching the definition of a qualified investor in compliance with Act No. 240/2013 Coll., on Investment Companies and Investment Funds, therefore it is necessary to invest at least 125,000 EUR (3,500,000 CZK) and sign a Declaration of Risk Awareness concerning this type of investment and including investment experience.

Subsequently, the investor wishing to make investments fill out the following documents with the fund manager:

  • Agreement on Subscription/Redemption of Investment Shares
  • Request for Issuance of Investment Shares 
  • Declaration of Risk Awareness
  • Anti-Money Laundering (AML) Form
  • FATCA documents

Institutional Investors, asset managers and similar financial institutions

You will need to fill out a few subscription documents:

  • Agreement on Subscription/Redemption of Investment Shares
  • Request for Issuance of Investment Shares
  • FATCA documents
  • Official list of authorized persons entitled to sign these documents on behalf of the institution/client
  • A copy of documents (e.g. your licence or similar document) that proves that your institution can be considered the professional investor

We will need hard copies of these documents from you by mail. To accelerate the process, please send us scan copies by e-mail while the hard copies are delivered to us.

Why to invest into the Fund?

• Stable and predictable return profile
• Low/no correlation to financial market volatility
• Strong service level agreements with reputable parties
• Proven team and track record

The fund provides an opportunity anchored in legislation-protected investment environment, suitable for cautious investors looking for stable returns.

Issuance/Redemption

The fund issues investment shares as no-par value shares. The redemption of investment shares is ongoing throughout the year process and the redemption periods by the investment company are set according to the size of required redemption amount. In case of the investment up to 10 million CZK, 4 months is a maximum period from the end of the month in which the investment company received the request for redemption. In the period starting from the delivery of the request until the redemption of investment shares, the investment shares do not bear any interest.

The investment into the Fund is not time limited. The minimum recommended investment horizon is 3 years. 

The purchase of investment shares by individuals (natural) and legal persons is most often carried out through so called “direct investment”. Direct investment means that the investor sends financial means directly to the Fund’s account maintained by its depository and subsequently investment shares are credited to its asset account maintained by one of the participants of the Central Securities Depository (CSD) at an aliquot value. In case the investor has no property account at its disposal, the services of fund’s manager may be used in terms of account setting and the completion of the entire transaction.

In the first place, any investor interested in investing should read the information available about the Fund and its investment profile.

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:

CZ0008048519

CZ0008048535

Growth class

ISIN CZK:

ISIN EUR:

CZ0008048501

CZ0008048527


Issuance Monthly
Issued security Investment shares are issued as no-par value shares.
Expected annual performance: 6+% p.a.
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)
Redemption Monthly
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 key risks in the field of renewable resources that the Fund faces include technological risk, project implementation risk, and natural risk. All those risks may represent a malfunction of the technology, respectively failure to achieve the expected technical parameters of production, which may result in the inefficiency of equipment production at higher costs. Very important is a specific risk of instability of state energy policy, which may negatively affect the value of the Fund's assets.

Another specific risk is technological risk, as well as the operation risk of sources used in order to produce electricity and heat from renewable sources, which are directly linked to natural conditions that may not be influenced externally. Moreover, natural sources such as annual average wind speed, sunshine or crop yield for biomass production could significantly oscillate. Investments targeted by the Fund, both in the Czech Republic and abroad, are subject to state regulations and any change in law, both in the Czech Republic and in other countries where the Fund invests, may, therefore, change legal relationships applying to the Fund's investments, that may differ significantly from the current situation.

We used available data of comparable investment funds on the Czech market to determine the aggregate risk indicator.

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

CZK  Growth Share 1,3293 CZK
CZK  Dividend Share 1,2496 CZK 
EUR  Growth Share 0,1506 EUR
EUR  Dividend Share 0,1417 EUR

Performance in August 2022:

1 month:  0,53%
YTD:  1,62%

VALUE OF INVESTMENT SHARE (EUR)

Date  Growth Share Price (EUR) Dividend Share Price (EUR) Equity Value (EUR)
31.8.20220,15060,141749 458 232
31.7.20220,14980,140947 156 588
30.6.20220,14900,140124 559 781

VALUE OF INVESTMENT SHARE (CZK)

Date  Growth Share Price (CZK(Dividend Share Price (CZK) Equity Value (CZK)
31.8.20221,32931,24961 213 952 298
31.7.20221,32251,24321 160 523 623
30.6.2022 1,3153 1,2364 607 608 985

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

Photovoltaic Powerplant Rožná

Location: Vysočina, Czech Republic
Installed capacity: 4,3 MW electric
Commercial operation date: 2009
In fund: 2015
Support scheme: Guaranteed Feed-in-Tariffs for 20 years

Photovoltaic Powerplant Střechy

Location: Western Slovakia
Installed capacity: 0,2 MW + 0,7 MW + 0,4 MW electric
Commercial operation date: 2011/2012
In fund: 2015
Support scheme: Guaranteed Feed-in-Tariffs for 15 years

Photovoltaic Powerplant Kralice na Hané

Location: Olomouc region, Czech Republic
Installed capacity: 1 MW electric
Commercial operation date: 2010
In fund: 2016
Support scheme: Guaranteed Feed-in-Tariffs for 20 years

Photovoltaic Powerplant Jakubovany

Location: Eastern Slovakia
Installed capacity: 1 MW electric
Commercial operation date: 2011
In fund: 2014
Support scheme: Guaranteed Feed-in-Tariffs for 15 years

Photovoltaic Powerplant Medzany

Location: Eastern Slovakia
Installed capacity: 1 MW electric
Commercial operation date: 2011
In fund: 2014
Support scheme: Guaranteed Feed-in-Tariffs for 15 years

Photovoltaic Powerplant Sarisske Michalany

Location: Eastern Slovakia
Installed capacity: 1 MW electric
Commercial operation date: 2011
In fund: 2014
Support scheme: Guaranteed Feed-in-Tariffs for 15 years

Photovoltaic Powerplant Cecejovce

Location: Eastern Slovakia
Installed capacity: 4 MW electric
Commercial operation date: 2011
In fund: 2014
Support scheme: Guaranteed Feed-in-Tariffs for 15 years

Photovoltaic Powerplant Slatina I.

Location: Western Slovakia
Installed capacity: 0,8 MW electric
Commercial operation date: 2011
In fund: 2015
Support scheme: Guaranteed Feed-in-Tariffs for 15 years

Photovoltaic Powerplant Slatina II.

Location: Western Slovakia
Installed capacity: 0,7 MW electric
Commercial operation date: 2011
In fund: 2015
Support scheme: Guaranteed Feed-in-Tariffs for 15 years

Photovoltaic Powerplant Sambron

Location: Eastern Slovakia
Installed capacity: 1 MW electric
Commercial operation date: 2011
In fund: 2015
Support scheme: Guaranteed Feed-in-Tariffs for 15 years

Photovoltaic Powerplant Fulianka

Location: Eastern Slovakia
Installed capacity: 0,8 MW electric
Commercial operation date: 2011
In fund: 2015
Support scheme: Guaranteed Feed-in-Tariffs for 15 years

Photovoltaic Powerplant Lipany

Location: Eastern Slovakia
Installed capacity: 1 MW electric
Commercial operation date: 2011
In fund: 2015
Support scheme: Guaranteed Feed-in-Tariffs for 15 years

Photovoltaic Powerplant Kladzany

Location: Eastern Slovakia
Installed capacity: 1 MW electric
Commercial operation date: 2011
In fund: 2015
Support scheme: Guaranteed Feed-in-Tariffs for 15 years