400 million Euro Fund for Energy and Mobility Transition: FP Group launches the FP Lux Energy Transition Fund
- With a volume of 400 million euros, the fund will invest not only in solar and wind parks but also in battery storage and electric charging infrastructure.
- High demand for impact investments: As an Article 9 fund, the product complies with the highest standards according to the EU Disclosure Regulation.
- The investor base already includes insurance companies, pension funds, utilities, and savings banks.
Frankfurt, November 21st, 2023. With the launch of the FP Lux Energy Transition Fund, FP Investment Partners has expanded its investment offering for institutional clients. Similar to its predecessor, the RE Infrastructure Opportunities Fund, which completed its final closing in January, the new fund will diversify its investments in renewable energy across Europe, with a focus on solar projects and battery storage. New is that the fund’s investment universe now also includes the charging infrastructure for electric vehicles. This fifth fund, exclusively launched in partnership with re:cap global investors, an internationally active investment advisor for renewable energy, has a target volume of 400 million euros
Expanded investment universe in technology with growth potential
Richard Zellmann, Managing Director of FP Investment-Partners GmbH and Partner at the FP Group, stated, “In addition to proven investment opportunities in solar and wind parks, battery storage and electric charging infrastructure will significantly sharpen the fund’s return profile. We see tremendous growth potential in these areas in the coming years, and we want our investors to participate in it.” To give investors access to attractive projects at an early stage, the fund will strategically invest a part of its resources in projects developed in-house. Thomas Seibel, Managing Director of re:cap global investors, added, “With the FP Lux Energy Transition Fund, we create a lucrative opportunity for institutional investors to benefit from both the energy and mobility transition in Germany and Europe. In our previous funds, we consistently achieved a robust earnings profile through technological and geographical diversification. By expanding our investment universe towards electric vehicle charging infrastructure, we now offer investors additional opportunities to invest in lucrative growth markets.”
Fund with 1.2 gigawatts total capacity
The FP Lux Energy Transition Fund is the fifth fund launched by the FP Group in collaboration with re:cap. The total capacity of the facilities (onshore wind, solar, and battery storage) acquired and managed by re:cap for the FP Lux funds reaches almost 1.2 gigawatts. Previous funds have already invested around 2 billion Euros in wind, solar, and battery storage projects at 80 locations across Europe. The FP Lux Energy Transition Fund is a sub-fund of the FP Lux Platform, a Luxembourg alternative investment fund. The initiator and distributor of the platform are the FP Group, BKN Capital S.A. supports in its function as management company. Classified under the EU Disclosure Regulation as an Article 9 fund, it is recognized as an impact fund. The investor base includes
insurance companies, pension funds, utilities, and savings banks, among others.