Solar Future Fund III (SFF) invests in Commercial & Industrial self-consumption and greenfield solar projects across Portugal and Spain, balancing near-term yield with long-term value creation. We focus on larger-scale C&I opportunities with multiple off-takers and institutional backing, while greenfield investments target solar (PV) plus Battery Energy Storage Systems (BESS) projects on strategically located sites with long-term land leases, strong grid access, and low curtailment risk.
- Solar (PV) & Battery Energy Storage Systems (BESS)
- Status: Open
- Targeted Raise: €30M
- Subscription Closes: June 2026
Our thesis centers on structural electricity demand growth driven by AI infrastructure and data centers—a shift not yet priced into markets. Rather than betting on specific outcomes, we build adaptable portfolios positioned to capture value across multiple revenue streams as energy markets evolve.
- Fund Term: 7 years
- Target Annual Dividend: 4% net (post 24 months)
- Targeted Performance: 8% net IRR
Fees: 2% annual management fee and a 20% carry (20% of the profit we make you). An outside compliance team reviews all of our prospective investments and must stamp approve them for the CMVM (Portuguese regulator). For this layer of compliance and deal security, the compliance team charge 0.4% of the annual management fee, and 25% of our carry, included in our total fees.
- Sector: Renewable Energy
- Geography: Portugal
- Audit | Depositary Bank: BDO | BNI
- Minimum Investment: € 50.000
- Term: March 2033
- Subscription Period deadline: March 2026
- Management Fee: 2% p.a., with a minimum of €50.000,00
- Set Up Fee: 1.5%, One Off (deducted from Subscribed Capital)
- Distributions: Class A: 5% Preferred Income ;
- 80% profit distribution with a 5% hurdle rate ;
- Class B: 20% profit distribution, junior to 5% hurdle rate to Fund Advisor, 25% catch-up clause once Preferred Return to investor has been achieved.
- Hurdle Rate: 5%
