Korkia launches a new alternative investment fund – it invests in renewable energy project development with broad diversification

News | 11.10.2023

Korkia Renewables & Energy Infrastructure LP fund offers investors a unique opportunity to invest in renewable energy project development. The transformation of the global energy market and the green transition will massively boost investments and construction of renewable energy in the coming years.

Korkia continues its growth as a global renewable energy investor and launches a new alternative investment fund for institutional investors and experienced high-net-worth investors. Korkia has been investing in renewable energy since 2017 and Korkia Renewables & Energy Infrastructure LP fund is Korkia’s sixth renewable energy investment instrument.

The investment opportunities and return potential of the new fund are supported by the green transition megatrend and the fact that there is still a lack of ready-to-build renewable energy projects. The International Energy Agency (IEA) estimates that more than $1,000 billion will be invested in renewable energy, its storage solutions and electricity grids in 2023. Global battery energy storage capacity will rise from five gigawatts in 2022 to as many as 42 gigawatts by 2030, and more than double by 2050, estimates Aurora Energy Research.

“Our strengths lie especially in our global approach and solid expertise. Our international project portfolio of over 11 gigawatts allows for wide geographical and technological diversification of the fund. Our team has significant experience in the energy industry, project development and financing,” says Jussi Lilja, EVP of Fundraising and Client Relations.

The new fund focuses mainly on industrial-scale solar and wind power project development, but also includes battery storage, agri-PV (agricultural photovoltaics) and, in the future, hydrogen projects. The fund may invest in Europe, Latin America and North America.

“The importance of energy storage has increased in renewable energy project development. It is sensible, and in some countries already even a prerequisite, to plan and build battery storage facilities in connection with energy plants. In the future, hydrogen projects will also become more commercialized. Combining solar power plants with agricultural land can, in turn, reduce water loss and create a more favorable growth environment for crops,” says Toni Perätalo, Portfolio Manager of the fund.

The fund is managed by Korkia Capital Ltd, a licensed alternative investment fund manager supervised by the Finnish Financial Supervisory Authority. The investment period of the fund is 5+2 years, and it is suitable for professional investors and experienced high-net-worth investors.

The Fund is in line with Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR). Among other characteristics, the fund aims to promote environmental and social characteristics.

Korkia’s previous fund Korkia Renewable Energy LP successfully closed at the end of September 2023.

Investment in financial instruments always involves risks. Past performance is no guarantee of future results. Targeted returns may not be achieved, and the money invested may be lost partly or totally.

Additional information:
Jussi Lilja
Executive Vice President
Fundraising and Client Relations
+358 50 376 0653
jussi.lilja@korkia.fi

Toni Perätalo
Portfolio Manager
Korkia Renewables & Energy Infrastructure LP
+358 45 1111 011
toni.peratalo@korkia.fi