Guernsey is the jurisdiction of choice for Aquila Capital's second green fund.
PraxisIFM's Guernsey Alternative Investment Fund Manager (AIFM), International Fund Management Limited (IFM), has provided AIFM requirements for the Aquila Energy Efficiency Trust PLC (AEET), which follows the Aquila European Renewables Income Fund PLC in 2019, also with AIFM services provide by IFM in Guernsey.
AEET targets investments in clean energy and projects to improve energy efficiency. It started trading on the main market of the London Stock Exchange on 2 June 2021, having raised £100 million in its initial public offering.
The fund will finance projects which will make valuable contributions towards climate change, such as installing rooftop solar panels, efficient LED lighting and charging infrastructure for electric vehicles.
IFM Managing Director Chris Hickling, said: "Congratulations to Aquila on yet another successful IPO and listing on the London Stock Exchange. It's been fantastic to be involved and great for Guernsey to be the jurisdiction of choice for the fund's AIFM requirements."
For more information about Guernsey's finance industry please visit www.weareguernsey.com.
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