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Earth Capital makes successful early exit from Nobel Sustainability Fund

Earth Capital (EC), a global investment group focused on sustainable and impact investments, has made a successful early exit of Inval Green Energy (IGE) from the European portfolio of the Nobel Sustainability Fund (NSF).

IGE, which is managed by sub-manager Barcelona-based SI Capital (SiC), part of the Earth Capital Holdings group, represents 17 per cent of the European portfolio of the NSF.
IGE is a 94 MW Pomerania wind farm project based in Poland with EUR127 million capex. Once operational in early 2021, it will be able to provide more than 85,000 households (230,000 people) with electricity, avoiding 288,000mt of CO2 emissions per year, or the equivalent of cutting the use of 115,000 cars.
Gordon Power, Co-Founder and Chief Investment Officer of EC, works with the SiC team (Eusebio Güell and Sebastian Waldburg) in overseeing the investment process for their fund, SI Capital R&S I (RS1) and sits on the investment committee of the RS1 Fund.
The Nobel Sustainability Fund®, managed by Earth Capital, is the largest investor in RS1, a long-established environmental investment fund, alongside several Spanish family offices.
Gordon Power, Co-Founder and Chief Investment Officer of Earth Capital, says: “Our investment strategy for the Nobel Sustainability Fund® is to allocate to a mixture of development infrastructure assets and growth clean technology businesses. This strategy enables fund investors to see early cash flows by realising development infrastructure assets and thus reducing the J curve drag often associated with PE growth funds.  We’re delighted that within 18 months of the launch of NSF, our European team has realised in cash and deferred proceeds the sale of the IGE polish wind asset, representing 17% of the total committed capital, providing validation for the investment strategy.”
Eusebio Güell of SI Capital, says: “We are very grateful to our investors who continued to support the fund and this specific investment.  IGE, as a renewable energy developer funded by us, has shown its ability to manage adverse circumstances and to be successful in this promising sector by bringing this project to fruition.”
Sebastian Waldburg of SI Capital, says: “The closing of this complex transaction across four countries is an important milestone for SI Capital as it proves that investing in the environment can bring the desired returns to investors and this encourages us to continue to invest in this field with further funds as they are raised.”

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