A Guernsey Green Fund has been launched to support the wind farm sector in the UK and Ireland.
Resonance British Wind Energy Income II, an authorised, closed-ended investment fund, focuses on consolidating the fragmented small and medium-sized wind farm industry in Britain and Ireland, offering investment return and mitigating environmental damage.
It is the manager’s third Guernsey fund, having previously launched a similar UK onshore wind fund and a fund focused on industrial water treatment, waste to energy and resource recovery infrastructure projects.
Resonance Asset Management is an alternative asset management firm focused on originating, distributing and managing real asset investment funds for institutional investors.
It focuses on assets in growing and changing industries with compelling long-term investment themes, with areas of focus including alternative and conventional energy, water and waste treatment, environmental and agricultural assets.
Lawyers from Ogier advised on the Guernsey elements of the launch, including Partner Bryon Rees and Senior Associate Michelle Watson Bunn, working with lead counsel Simmons & Simmons.
TMF Group in Guernsey is the fund administrator and KPMG certified Guernsey Green Fund status.