Aztec goes green with "exciting" renewables fund appointment

Wednesday 29 August 2018

A local corporate services provider has been selected to administer a Jersey-based fund dedicated to investing in renewable energy assets across Europe.

Aztec Group this week announced that they would be providing accounting and administration services to the VLC Renewables Fund, which it also helped establish.

The fund will be focused on investment into ‘green’ projects based in Europe, with a specific focus on offshore wind energy.

€200million has already been committed to the fund by Vitol, while investment opportunities may be offered to third parties.

Director and Head of the Group’s Real Assets team in Jersey Paul Conroy commented: “Renewable energy is certainly an exciting industry to be involved in at the moment as the appetite for investment opportunities in this sector continues to grow.”

He added: “We’re naturally delighted with our appointment. Our dedicated real assets team has extensive experience in supporting joint venture projects, particularly in the infrastructure space, so to be given the opportunity to apply these credentials to this specialist market is something we are all very much looking forward to.”