Gold Magazine Special Funds Feature March ’21: State Venus Fund RAIF V.C.I.C. Ltd
The objective of the Fund is to invest in renewable energy projects and other green activities, multiplying their economic growth and at the same time providing considerable yield to investors. A vast amount of untapped renewable energy potential is still available worldwide. The Fund is actively investing in a clearer, brighter future, harnessing this through equity, participation rights, and bonds which can further expand renewable energy plants. To achieve this, the fund has partnered up with companies focusing on renewable energy projects of various stages, including those which are already operational, under construction, in ready-to-build status or under development. The Fund is one of the few investment houses which offers its own capital to bridge the financing gap in the development phase. Furthermore, State Venus provides projects with equity and debt financing for project acquisition.
Marios Alexandrou, one of the Directors of the Fund, is a leading consultant specialized in the field of Renewable Energy Sources with an emphasis on Solar Energy. He is a co-founder and shareholder of EnergyIntel Services Ltd (www.energyintel.com.cy) with over 15 years of presence in the Cyprus market and is active in trading, engineering and developing a large number of Solar Energy Systems (Thermal / CSP / Photovoltaic).
He is also active in providing consulting and advisory services to investment funds and financial institutions for Project Financing in Renewable Energy projects in Cyprus, contributing to reaching the National Targets of EU2050 for a near-zero carbon economy. Marios has participated in the design and installation of several PV power plants in Cyprus and Greece (from 100KW to 10MWp) and the 50MWp Helios CSP project in Cyprus which received a €46 million approval under NER300 funding. His vision has led the EnergyIntel team to its latest achievements: developing an innovative solution of a thermal battery system with 24 hours’ autonomy, integrating a patented high-temperature Stirling engine and Concentrated Solar Power (CSP), and providing price-competitive electricity 24/7 (www.electron247.com).
TOP REASONS TO INVEST IN CYPRUS
The fund’s current investment rounds include opportunities in both Cyprus and Greece with favourable yields up to 10%.Cyprus is one of the most attractive fund destinations in the world due to its location, taxation systems and friendly legislation. It is located at the crossroads of three continents (Europe, Africa and Asia), providing investors with the opportunity of easy access to and from each area. Also, due to the country’s membership of the EU and Economic and Monetary Union, all foreign investors have the opportunity to access the EU market. Cyprus has signed the most important Multilateral Treaties (MIT) regarding foreign investment: The Energy Charter Treaty (ECT), The Multilateral Investment Guarantee Agency (MIGA) and The International Centre for Settlement of Investment Disputes (ICSID).
ACCESS TO MARKETS
- Attractive and transparent tax regime;
- Low cost of doing business;
- Excellent regulatory structure;
- High quality of life;
- Strong business support services.
WHY GREEN ENERGY
Renewable energies offer an attractive and genuinely assets-based investment opportunity. More than that, we are driven by playing a part in the vision of a liveable future for current generations and those to come. For us, that means sustainable economic growth, using natural resources responsibly, and exclusively supporting products that serve the goal of reducing the global carbon footprint.
OUR TECHNOLOGY FOCUS
Currently State Venus Fund RAIF V.C.I.C focuses on projects that combine solar+storage technology including PV and CSP. As a firm, we take cooperative teamwork seriously in the quest to bring about long-term overall solutions. Ultimately, State Venus strives to offer the highest possible quality investment products.
Disclaimer: The State Venus Fund RAIF V.C.I.C. LTD is an open-ended Registered Alternative Investment Fund with multiple investment compartments, in the form of a variable capital investment company in accordance with the Alternative Investment Funds Law 124(I)/2018 under registration number RAIF63. The Fund is externally managed by GMM Global Money Managers AIFM Ltd which is authorised to operate as an alternative investment fund manager in accordance with the Alternative Investment Fund Managers Law 56(I)/2013, under Licence No. AIFM 33/56/2013.