Basic parameters of society

Size of the Company: € 15 M
Management of the investments: the company will sign a management contract with Acapital.
Investment’s committee: it will be the entity responsible for taking the investment decisions. Formed by two Acapital members, one independent and expert engineer and members of the Board of Directors.
Number of investments: initially 4 / 5
Investment’s typology: exclusively in CHP and Combined Cooling, Heat, Power (CCHP / Trigeneration)
Size of the investments: 5 / 10 MW (preferably bigger than 5MW)
Equity per Investment: 60% (€ 3 / 4 M)
IRR investor estimated per project: 17 / 19%
Management Fee: 2,5 annual on the capital provided
Distribution fee: 1% annual on the capital provided
Success fee: 20% of the added value of the investor in case of sale / IPO
Estimated period of investment of the capital of the Company: 4 years
Investments terms: the NEWCOS invest in 20 / 25 years, stipulated term when entering the Regimen Especial (REPE) even though investments usually last from 12 to 15 years.
Investors liquidity: at discretion of the shareholders, once investments are done, it will be analyzed whether to extend the capital to reach € 25 / 30 M; in order to request the inclusion in the AIM / MAB from the 5th year on and once formalized the totality of the investment of the new capital
Engineering project: Control Engineering & Advice
Technical advisor: Josep Lluis Arco Lorca
Legal advisor: Casals Advocats