Investment area — Energy
Financing a more resilient energy system.
Renewable generation, storage and transmission are long-life assets that depend on careful structuring. We focus on projects and companies with robust technical and contractual foundations.
01Sector thesis
The energy transition requires investment on a scale and for a duration that few other sectors match. Well-structured projects can offer predictable long-term cash flows — provided construction, resource and market risks are properly understood.
We assess each project on the strength of its resource, its contracts and the experience of its sponsors.
02Financing challenges
- 01
Construction and grid-connection risk before revenues begin.
- 02
Exposure to wholesale price volatility where revenues are uncontracted.
- 03
Permitting timelines and evolving regulation.
03Relevant sub-segments
- Solar and wind generation
- Battery and energy storage
- Electricity networks and grid connection
- Energy efficiency for industry
Photography is illustrative and does not depict assets financed by Aquila.
04General evaluation criteria
- 01
Independent resource and technical assessments.
- 02
Clear revenue framework: contracts, tariffs or hedging.
- 03
Experienced sponsors and reputable contractors.
- 04
Permits and grid rights secured or on a credible path.
05Risks and due diligence
We review resource and yield studies, EPC and O&M arrangements, grid connection, permits, land rights, offtake counterparties, price exposure and environmental and community impacts.
Contact
Discuss an opportunity in Energy.
We welcome an initial, confidential conversation with companies and advisers active in this sector.