Berkeley Energy is a renewable energy fund manager investing in Asian and African emerging markets.
Berkeley Energy currently has three funds under management, two in relation to Asia: the Renewable Energy Asia Fund (REAF) ($100m) which is fully deployed and the Renewable Energy Asia Fund II ($112m) which has held a first close and aims for a final close by Q1 2017 and the other in relation to Sub-Saharan Africa: the Africa Renewable Energy Fund (AREF) ($200m) which finally closed in 2015. REAF, REAF II and AREF invest into development stage renewable energy assets using proven technologies supported by local renewable energy legislation and commercial market drivers and taking projects through construction and into operations.
Berkeley Energy has deep renewable energy and power engineering, construction and investment experience in developing markets, where it is a focused investor, developer and deliverer of renewable power assets. Berkeley works with its partner companies to provide engineering, management and financial support, whilst offering the ability to act as a bankable sponsor for renewable power projects.
Once built, Berkeley Energy matures and consolidates its assets regionally or by technology into operating portfolios which it would seek to exit.
Their approach is hands-on, asset-first, technically orientated. They look to receive their returns through holding equity in well-conceived and constructed projects and not through development fees, consultancy or asset-flipping.
Berkeley Energy has offices in London, Singapore, Mauritius, Delhi and Nairobi and a presence in Manila.
Members of the group are authorised and regulated respectively by the United Kingdom Financial Conduct Authority and in Mauritius by the Financial Services Commission.
Berkeley Energy has assembled a team with a balance of operating and financial expertise to underpin the successful execution of the firm's strategy.
Cumulatively, the management have delivered over 115 renewable energy projects and over 70 conventional energy projects in developed and emerging markets. This experience of successfully identifying, costing, constructing and operating assets across technologies, countries and regulatory environments to be a competitive advantage and key value driver for the firm.
Berkeley Energy's operational capabilities are complemented with dedicated financing, legal and structuring professionals with experience in private equity, infrastructure and renewable energy transactions. This balance of operational and transaction expertise combines the project development, construction and operations expertise of an industrial firm, with the flexibility, financial rigour and discipline of a financial sponsor.
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