NOVA Green Energy

  • Net average return of 7 %
  • Suitable for conservative investors
  • Guaranteed Feed-in Tariffs for renewable energy

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 of 7 % p.a., which is independent from capital market development. The risk of the investment is at bond level providing at the same time 3 times higher yield.

Performance

Audited net appreciation

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.

* before the audit

  • 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
  • The risk of the investment is at bond level, providing 3 times higher yield
  • 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

Corporate News3. 16. 2020

The coronavirus pandemic does not affect the performance of NOVA Green Energy

Statement of the fund manager Ondřej Žídek on the impact of the global coronavirus pandemic on the performance of NOVA Green Energy fund

Corporate News3. 14. 2020

REDSIDE is officially a signatory of the Principles for Responsible Investment

REDSIDE investiční společnost, a.s. has become a signatory of the Principles for Responsible Investment, joining more than 2,000 other organisations around the world that have publicly demonstrated their commitment to responsible investment.

Blog

Corporate News3. 16. 2020

The coronavirus pandemic does not affect the performance of NOVA Green Energy

Statement of the fund manager Ondřej Žídek on the impact of the global coronavirus pandemic on the performance of NOVA Green Energy fund

Corporate News3. 14. 2020

REDSIDE is officially a signatory of the Principles for Responsible Investment

REDSIDE investiční společnost, a.s. has become a signatory of the Principles for Responsible Investment, joining more than 2,000 other organisations around the world that have publicly demonstrated their commitment to responsible investment.

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. Thus, this type of investment resembles in terms of risk government bonds with 10 – 15 year maturity; however the yield is significantly higher than 6 % p.a. 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.

How to Invest?

Individual 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:

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
Net Asset Yield 2014 7.71 % p.a.
Net Asset Yield 2015 8.25 % p.a.
Net Asset Yield 2016 5.36 % p.a.
Net Asset Yield 2017 6.04 % p.a.
Net Asset Yield 2018 6.36 % p.a.
Net Asset Yield 2019 6.26 % p.a.
Fund Capacity 170 million EUR
Issuance Monthly
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 3+ 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.

Performance

Current share price in February 2020: 0,1495 EUR (after dividend payment)
Current share price in February 2020: 1,3187 CZK (after dividend payment)

Audited net appreciation in 2014: 7,71 % p. a.                                                                                                           Audited net appreciation in 2015: 8,25 % p. a.
Audited net appreciation in 2016: 5,36 % p. a.                                                                             
Audited net appreciation in 2017: 6,04 % p. a.
Audited net appreciation in 2018: 6,36 % p. a.
Net appreciation in 2019 before the audit: 6,26 % p. a.

Performance in February 2020:

1 month: 0,81 %
6 months: 3,72 %
1 year: 7,06 %
YTD: 1,49 %
Date Growth Share Price (EUR) Dividend Share Price (EUR) Equity Value (EUR)
29.2.2020 0,1495 0,1495
65 954 203
31.01.2020 0,1483 0,1483 65 317 264
31.12.2019 0,1473 65 520 897
30.11.2019 0,1463 63 253 390
31.10.2019 0,1450 62 186 147
30.9.2019 0,1445 61 360 195
31.8.2019 0,1436 58 227 686
31.7.2019 0,1429 56 850 957
30.6.2019 0,1417 55 872 592
31.5.2019 0,1456 56 389 427
30.4.2019 0,1448 55 159 608
31.3.2019 0,1441 54 746 245
28.2.2019 0,1431 54 088 598
31.1.2019 0,1429 53 642 420
31.12.2018 0,1421 53 124 470
30.11.2018 0,1414 52 506 055
31.10.2018 0,1409 52 145 100
30.9.2018 0,1402 49 259 963
31.8.2018 0,1395 48 958 472
31.7.2018 0,1387 49 353 081
30.6.2018 0,1376 50 066 789
31.5.2018 0,1369 49 735 389
30.4.2018 0,1362 49 604 356
31.3.2018 0,1341 48 906 762
28.2.2018 0,1330 48 020 358
31.1.2018 0,1326 47 914 135
31.12.2017 0,1336 47 187 925
30.11.2017 0,1331 46 637 339
31.10.2017 0,1326 46 707 174
30.9.2017 0,1322 46 195 354
31.8.2017 0,1296 45 295 474
31.7.2017 0,1291 44 997 517
30.6.2017 0,1286 44 637 530
31.5.2017 0,1281 44 324 105
30.4.2017 0,1277 43 863 749
31.3.2017 0,1273 43 472 706
28.2.2017 0,1268 43 159 068
31.1.2017 0,1264 43 010 118
31.12.2016 0,1259 42 723 691
30.11.2016 0,1251 42 297 515
31.10.2016 0,1247 42 127 026
30.9.2016 0,1243 37 837 399
31.8.2016 0,1240 30 551 802
31.7.2016 0,1233 36 758 845
30.6.2016 0,1227 35 624 483
31.5.2016 0,1221 35 473 780
30.4.2016 0,1215 35 604 556

Date Growth Share Price (CZK) Dividend Share Price (CZK) Equity Value (CZK)
29.2.2020 1,3187 1,3187 1 674 577 214
31.01.2020 1,3085 1,3085 1 646 648 226
31.12.2019 1,2998 1 664 885 993
30.11.2019 1,2907 1 613 910 247
31.10.2019 1,2796 1 586 368 612
30.9.2019 1,2752 1 584 013 434
31.8.2019 1,2673 1 508 970 484
31.7.2019 1,2612 1 458 795 556
30.6.2019 1,2501 1 421 678 104
31.5.2019 1,2845 1 455 805 838
30.4.2019 1,2774 1 415 395 541
31.3.2019 1,2719 1 412 453 121
28.2.2019 1,2623 1 384 668 109
31.1.2019 1,2606 1 381 828 739
31.12.2018 1,2537 1 366 626 990
30.11.2018 1,2474 1 362 794 656
31.10.2018 1,2436 1 351 600 992
30.9.2018 1,2368 1 266 719 950
31.8.2018 1,2307 1 259 946 277
31.7.2018 1,2241 1 263 438 873
30.6.2018 1,2146 1 302 737 849
31.5.2018 1,2079 1 282 675 683
30.4.2018 1,2012 1 266 895 252
31.3.2018 1,1833 1 243 698 958
28.2.2018 1,1735 1 220 677 500
31.1.2018 1,1702 1 210 790 191
31.12.2017 1,1789 1 205 179 598
30.11.2017 1,1745 1 189 018 951
31.10.2017 1,1702 1 198 973 157
30.9.2017 1,1661 1 199 924 332
31.8.2017 1,1430 1 182 438 340
31.7.2017 1,1386 1 173 535 233
30.6.2017 1,1344 1 169 280 105
31.5.2017 1,1305 1 171 042 857
30.4.2017 1,1264 1 180 812 119
31.3.2017 1,1233 1 175 067 255
28.2.2017 1,1188 1 166 158 020
31.1.2017 1,1149 1 162 133 385
31.12.2016 1,1107 1 154 394 121
30.11.2016 1,1033 1 144 570 753
31.10.2016 1,0999 1 138 482 874
30.9.2016 1,0964 1 022 366 532
31.8.2016 1,0937 825 815 219
31.7.2016 1,0875 993 591 583
30.6.2016 1,0828 966 492 229
31.5.2016 1,0769 958 501 534
30.4.2016 1,0718 962 747 190
31.3.2016 1,0626 954 909 342
29.2.2016 1,0577 950 488 064
31.1.2016 1,0529 945 422 922
31.12.2015 1,0487 941 669 415
30.11.2015 1,0424 902 567 612
31.10.2015 1,0372 893 036 806
30.9.2015 1,0319 891 097 022
31.8.2015 1,0259 881 558 755
31.7.2015 1,0203 876 768 361
30.6.2015 1,0173 788 757 381
31.5.2015 1,000 924 800 326

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.

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

Location: Western Slovakia
Installed capacity: 8 MW electric + 28 MW thermal
Commercial operation date: 2011
In fund: acquisition during 2020
Support scheme: Guaranteed Feed-in-Tariffs for 15 years

Biomass Powerplant Bardejov

Location: Eastern Slovakia
Installed capacity: 8 MW electric + 25 MW thermal
Commercial operation date: 2009
In fund: acquisition during 2020
Support scheme: Guaranteed Feed-in-Tariffs for 15 years

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

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 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

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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 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 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 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 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 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 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

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 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 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

Mandatory Information

FAQ

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 ).

No lock-up and no exit fees apply.

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 CKZ 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.

Not determined

+420 224 931 368

Trading via swift in not allowed

From 10th workday in month.

Amount

Quantity

  • Final beneficiary account name:

NOVA Green Energy otevřený podílový fond REDSIDE investiční společnost, 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