GSSG Solar Fund III

Date: 2021

Asset Class: Real Assets

Description:  GSSG Solar III is a renewable energy project finance fund investing in renewable energy projects primarily in Japan and Taiwan. The Fund will primarily invest in solar energy projects with a secondary focus on wind and energy storage. Fund acquires projects at the late stage of development or early stage of construction, where binary development risk has been removed and construction and execution risk remain. Assets will be held for 3-4 years and sold during construction or shortly after becoming operational. The team will deploy capital in tranches according to milestones specified at investment to align incentives and reduce risk.

Why We Invest: GSSG is playing an important role in accelerating the transformation of the energy sector. The investment in renewable energy real assets provides an attractive return, impact, and risk combination. GSSG’s first two funds have performed well and delivered their intended GHG reductions.