Dutch Renewable Energy Fund – II
- Follow-up of the successful DREF I portfolio managed by substantially the same team (€ 46,5 mln)
- Second lien (quasi-senior) loans to Dutch renewable energy projects
- Backed by government feed-in Tariff schemes
- 50-60 investments yielding 6,5% gross (4,5% net return expected)
Expected CO₂ reduction impact by DREF-II: 29 Mton
(equivalent 800.000 households for 12 yrs)
(DREF I: 6,3 Mton realised)
| Target size: | €150 million (hard cap €200 million) with a first close of €75 million. Minimum commitments €25 million | |
| Legal entity: | Dutch limited partnership (‘CV’) | |
| Investment period: | 3+1 years as from final close | |
| Fund term: | 12 years as from final close | |
| Recycling: | Repayments during investment period will remain available for re-investment | |
| Target returns: | 6,5% gross (project level), fund return 4,5% net after fees and costs | |
| First close: |
(€75 mln): Q2-2021 | |
| Final close: |
June 2022 | |
Sector focus
