HitecVision New Energy Fund
HitecVision New Energy Fund is a newly established fund that will invest in renewable energy production, green energy infrastructure, and decarbonisation.
The New Energy Fund has recently been established as an Article 8 fund under the EU’s Sustainable Finance Disclosure Regulation (SDFR) for sustainable investments. The HitecVision fund’s investment universe will be centred around renewable power production, battery production, offshore and onshore wind, hydrogen and ammonia production, and carbon capture and storage.
Established fund manager within energy
HitecVision has extensive experience with energy-related investments and has invested USD 4.6 billion since the first fund establishment in 2002. Through the New Energy Fund, HitecVision will continue its proven investment strategy from the oil and gas industry to the renewable sector with the goal of developing new green value chains, focusing on renewable energy production.
Increased investments central to achieving climate goals
The IEA (International Energy Agency) estimates that to achieve an energy sector with net zero emissions by 2050, electricity should account for 50% of the world’s total energy demand, and 90% of power production should come from renewable energy. If we are to achieve global climate goals, increased investments in renewable energy, electrification and decarbonisation are key.
New Energy Fund has a clear investment strategy in renewable energy production. The fund has signed the UN Principles for Responsible Investment (PRI) and will make calculations of potential climate impact to assess investments.
