The green energy investment strategy run by Future Capital Partners has been expanded to include another EIS fund.
The funding follows the positive outcomes of the Elara I and II, with the Elara III targeting an annual rate of return of 29.28 per cent on a pre-tax basis.
Furthermore, it will be adopting a conservative investment strategy focused on lower risk opportunities in the renewable energy sector. The new fund will aim to raise at least £6 million, and is expected to close at the end of March.
Like its predecessors, the new EIS fund will invest in companies providing services to Blue Energy, a leading UK renewable energy development and investment company.
Elara III will adopt a similar strategy of sourcing a diverse range of lower risk renewable energy opportunities. Specifically, these opportunities will focus on construction of wind installations, anaerobic digestion plants and wholesaling of renewable energy supplies such as solar panels.
According to Opelesque.com, the investment strategy of the fund will take advantage of significant expected growth within the renewable energy arena. The EU’s Renewable Energy Directive states that 20% of all energy in the EU must come from renewable sources by 2020. The level of growth required from renewable energy projects, such as those run by Blue Energy, to meet these targets is expected to be a central driver of performance.