HitecVision New Energy Fund I
New Energy Fund I is established as an Article 8 fund under the EU’s Sustainable Finance Disclosure Regulation (SFDR) for sustainable investments. The HitecVision fund’s investment universe will be centered around renewable power generation, battery production, offshore and onshore wind, hydrogen and ammonia production, and carbon capture and storage.
Established fund manager within energy
HitecVision has extensive experience in energy-related investments and has invested USD 4.6 billion since its first fund establishment in 2002. Through the New Energy Fund, HitecVision will carry forward its well-established investment strategy from the oil and gas industry to the renewable sector with the goal of developing new green value chains.
Increased investments central to reaching climate goals
The IEA (International Energy Agency) estimates that to achieve a net-zero emission energy sector by 2050, electricity should account for 50% of the world’s total energy demand, and 90% of power generation should come from renewable energy. To reach the world’s climate goals, increased investment in renewable energy, electrification, and decarbonization is absolutely central.
New Energy Fund has a clear investment strategy within renewable energy production. The fund has signed the UN Principles for Responsible Investment (PRI) and will perform calculations of potential climate impact to assess investments.
Photo: Torstein Kiserud