RENEWABLE ENERGY FUND
Integra Clean Energy is proposing a new global renewable energy fund to be set up in 2023/2024
The fund is part of the initiatives of Integra Clean Energy that comprise the Global Climate ESG Fund, Regional/Geographic Climate ESG Funds and Country Climate ESG Funds.
Regional and Diversified Portfolio Coverage, allocations may overlap between funds
| Countries | Propose 50 Projects |
|---|---|
| Africa | 5 |
| Americas, including CARICOM | 10 |
| Australasia | 5 |
| Central and West Asia | 5 |
| East and South Asia | 10 |
| EU countries | 10 |
| Non-EU European countries | 5 |
ESG Environmental Social Governance
Each project is expected to contribute percentages, to be discussed and agreed with investors, of project capital and shares to Environmental Social Governance and institutional stakeholders. The proceeds shall be utilized for primary and tertiary education, social and economic development, and public and private sector engagement of indigenous and minority communities; conservation and protection of natural terrestrial and marine habitats; and adaptation of communities impacted by climate change.
Proposed Project Capital Allocations
| Wind and Solar and Transmission Projects | 40% |
| Biomass and Biogas and Transmission Projects | 10% |
| Small Hydro, Pumped Hydro Storage and Transmission Projects | 40% |
| Geothermal & Transmission Projects (subject to location) | 5% |
| Energy Storage and Transmission Projects | 5% |
Proposed Project Time-Lines
| Project Type | Duration |
|---|---|
| Large Scale Solar and AC Transmission, onshore | 1-2 years |
| Large Scale Solar and HVDC Transmission, onshore | 1-4 years |
| Large Scale Wind and AC Transmission, onshore | 1-2 years |
| Large Scale Wind and AC Transmission, offshore | 2-4 years |
| Large Scale Wind and HVDC Transmission, offshore | 1-2 years |
| Large Scale Wind and AC Transmission, onshore | 3-5 years |
| Large Scale Wind and HVDC Transmission, onshore | 3-4 years |
| Large Scale Wind Solar, AC Transmission, onshore | 2-3 years |
| Large Scale Wind Solar, HVDC Transmission | 4-5 years |
| Biomass, Biogas Generation and Transmission | 1-2 years |
| Small Hydro Generation and Transmission | 1-2 years |
| Geothermal Exploration, Generation, Transmission | 3-5 years |
Equity and Debt Funds
Equity
15 Year Closed End Funds; except for Geothermal, 20 Year Closed End Funds
- Equity Subscription Closing Period 12 months.
- Investment Period: Up to 4 years.
- Harvesting Period: Year 5-Year 10.
- Investors are expected to leave investments intact for a period of 5 years.
- Target equity net IRR: 10%-15%.
Debt
15 Year Closed End Funds; except for Geothermal, 20 Year Closed End Funds
- Equity Subscription Closing Period 12 months.
- Investment Period: Up to 4 years.
- Harvesting Period: Year 5-Year 10.
- Investors are expected to leave investments intact for a period of 5 years.
- Target debt net IRR: 8%-10%.
Investment Tax Credits
Integra proposes up to 30% of the value of Investment Tax Credits (ITCs) to be provided to individual and corporate investors, in each fund subject to discussions and agreement between investor and investee governments. The ITCs may be applied to equity dividends, interest, interest coupons and capital gains subject to approval by the governments.
Country Participating Status:
Several countries have responded with initial interest in Integra’s initiatives.
Partners, initial shortlisted
- Fund Managers
- General Partners
- Limited Partners
- Fund Sponsors
- Fund Administrators and Custodians
- Legal Advisors
- Audit Advisors
- Investment Advisors
- Construction Contractors
- Asset Managers
Regional and Economic Grouping Funds with Renewable Energy component
Specific funds to meet different mandates of institutional investors/pension fund managers
- Africa ESG Fund
- Asia ESG Fund
- Asia-Pacific ESG Fund
- Caribbean ESG Fund
- Emerging Markets ESG Fund
- Europe ESG Fund
- Indo-Pacific ESG Fund
- Latin America ESG Fund
- Middle East ESG Fund
- North America ESG Fund
- ARK ESG Fund (Noah’s Ark model in different countries by renewable energy)
- Appalachian Pumped Hydro ESG Fund
- California Wind Solar Hydro Generation and Transmission ESG Fund
- Canada Hydro Generation and Transmission to California ESG Fund
- Queensland Wind Solar Transmission ESG Fund
Eligible Types of Projects
- Advanced Metering Infrastructure
- Biogas
- Biomass
- Electricity Distribution
- Electricity Sub Stations
- Electricity Transmission
- Electrolyzers
- Energy Storage
- EV Chargers, Hydrogen Dispensers
- EV Charging and Refuel Stations
- Frequency and Balancing Market
- Geothermal
- Green Fertilizer
- Green Hydrogen
- Green Nitrogen
- Green Oxygen
- Microgrids
- Pumped Hydro Solar
- Pumped Hydro Solar Wind
- Pumped Hydro Storage
- Small Hydro
- Solar, Onshore and Offshore
- Wind, Onshore and Offshore
- Virtual Power Plant