FIRST GLOBAL RENEWABLE ENERGY
First Global Renewable Energy (“FGRE”) is a UK headquartered company established as an Energy Company in 2021
FGRE mission is to channel capital to generate sustainable returns in to developing economies whilst ensuring positive climate impact.
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FGRE’s sponsor (a few LATAM/European and Asian Family Offices) have committed to invest an initial corpus of USD 75 mln in the renewable energy industry in Emerging Markets with an initial focus on Indian Subcontinent in private markets
INVESTMENT THESIS
Indian renewable energy market offers one of the last bastions of sustainable growth with attractive returns over the foreseeable future.
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Robust and sustained demand with a target to reach 450 GW in renewable energy by 2030.
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Competitive advantage as ranked 3rd in e&y global attractiveness index and 4th in global installed capacity.
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Strong policy support initiatives underscoring national commitment to the sector.
Capital requirements exceed USD 300 billion over the next 5 years.
OUR KEY FOCUS
Build out a diversified portfolio of renewable assets across multiple resources
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Primary focus on un-listed/private projects sourced through FGRE’s proprietary network along with trusted. partners
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Strategic minority with board representation targeting returns of >12% at asset level in INR
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Minor exposure to listed bonds and equities (approx. 5-7% of total exposure) through a different entity
INVESTMENT CHARACTERISTICS
Investment size
USD 75 million
To provide Risk Adjusted Returns to Investors over a Period of 5 - 7 Years in form of capital Appreciation
Only at Project / or Project SVP level on top of Capital
Income Generating (Stable) : 30 Percent
High Growth potential (Risky) : 30 Percent
Growth Stage Investments (Mature) : 40 percent
Project Management for a Fee on a case by case basis to Portfolio Compagnies
THE INVESTMENT TEAM
Paul Boskma
Paul started his career in the Dutch financial sector as an equity broker institutional sales at RaboSecurities and subsequently moved into PE at Boer & Croon before moving to Switzerland from where he was actively engaged as an investment manager with Amergeris Wealth Management. At such position, ,Mr. Boskma carried out the Investment Manager function, chairing the Investment Management Committees, coordinating research into new investment targets and screening/monitoring portfolio investments together with his team for several funds, having more than USD$ 1.4 billion under management in private equity and listed securities. The funds invest in a very diverse range of assets predominantly in emerging markets. Currently Mr. Boskma is engaged in activities regarding investing into the private and public domain in renewable related companies in emerging countries.
Mr. Boskma is an authorized director by CIMA, FSC and MFSA and acts as a director on several boards in Switzerland and abroad.
Somdatt Kurdikar
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Somdatt is an infrastructure and emerging markets professional having an unique perspective of business having worked for Investment Banks (Barclays/Deutsche Bank), Private Equity funds (Harith Partners, Asma Capital) and top tier listed Indian Corporates in senior positions. Exceptional network developed across investors, strategic players and service providers. Ready access to INSEAD and IIM networks
Somdatt has a demonstrated track record of fund-raising and investments. He has advised a global emerging market conglomerate, USD 50 mn Nigerian Infrastructure Fund , Asma Capital (a USD 750 mn Emerging Markets Infrastructure Fund), member of Executive Committee at Harith Partners ( USD 1 bn African Infrastructure Fund). He was also a Vice-President at top tier Indian listed infrastructure company and with Barclays and Deutsche Bank. He has worked in India and U.K.