The Aztec Group has been selected to administer the Jersey-based VLC Renewables Fund (the Fund). VLC Renewables will invest in European renewable generation projects. Primarily focused on onshore and offshore wind energy, it will target projects at various stages of the development cycle, including late stage development, construction and operation.
The Fund has an initial € 200 million commitment from Vitol and investment opportunities may be offered to third parties. Having supported with the set-up and establishment of the Fund, including its incorporation and relevant regulatory and compliance requirements, the Aztec Group will provide accounting, administration and a range of complementary services to the investment structure from its Jersey office.