Aquila Capital is launching a bond backed by its third renewable energy fund.
The Hamburg-based company said it would give institutional investors access to its Aquila Capital Renewables Fund III via a bond.
An ESMA-recognised agency has given the securitisation an indicative investment-grade rating.
Aquila said it was targeting an A- rating for the bond.
Susanne Wermter, head of investment management on the special infrastructure team, said: “Having already catered to the growing requirement for securitisation solutions from our investors in recent years, we are now receiving numerous requests for securitisation solutions for our renewable energy infrastructure funds.
“For institutional clients – which have to comply with various regulatory regimes – securitisations are an attractive alternative to investing in renewable infrastructure.”
The fund, launched last year, holds a portfolio of wind and photovoltaic plants in Western Europe, with 13 operational renewable energy plants in Sweden, Germany, the UK and France.
Aquila said the fund, which has a pipeline of potential investments of more than €350m, was anchored by a German insurance company.