The fund’s strategy is to target economically relevant energy infrastructure assets in European investment grade countries (excluding Switzerland). Investments are made along the entire value chain, including power generation and storage, energy transmission as well as energy distribution. Only proven technologies are considered; the fund may not invest directly in coal or nuclear power. Brownfield assets represent at least 75% of the gross asset value, and greenfield assets up to 25%. Merchant risk, when involved, is hedged when feasible and economically viable.
Further diversification benefits are achieved by deploying capital into assets with different technologies, with different underlying economic models and with exposure to different counterparties. The focus is on investments alongside leading edge industrial partners (such as power utilities) or public entities (such as municipalities or state owned companies).