PraxisIFM has added Aquila Energy Efficiency Trust (AEET) to its portfolio of renewable funds clients.
AEET is the second Aquila Capital fund – following the Aquila European Renewables Income Fund in 2019 – to which PraxisIFM’s London team has provided fund administration and governance services.
Alternative investment fund manager (AIFM) requirements are provided by Praxis' Guernsey AIFM, International Fund Management (IFM).
AEET, which targets investments in clean energy and projects to improve energy efficiency, started trading on the Main Market of the London Stock Exchange on 2 June 2021 having raised £100m in its initial public offering.
The fund will finance projects that make a contribution to climate change, such as installing rooftop solar panels, efficient LED lighting and charging infrastructure for electric vehicles.
IFM Managing Director Chris Hickling (pictured) commented: "Congratulations to Aquila on another successful IPO and listing on the London Stock Exchange. It’s great for Guernsey to be the jurisdiction of choice for the fund’s AIFM requirements."