Second-Party Opinion Download

Sustainalytics is of the opinion that the mandate of the Prime Green Energy Infrastructure Fund S.A. SICAV-RAIF (the “Fund”) is credible and impactful and will deliver overall positive environmental impacts. Sustainalytics is of the opinion that the principles of impact and transparency that underlie the green and responsible investment industry, as well as many of its norms and standards, are applicable to renewable energy equity funds, and that the Fund aligns with those principles. This assessment is based on the following:

IMPACT

The Fund will invest in equity shares of renewable energy assets, with a prioritization towards onshore wind power projects. Other renewable energy technologies, such as offshore wind, wind-plus-solar, wind-plus-storage, as well as other related infrastructure projects may be considered. The geographic focus of the investments will be primarily in the Nordic region, with projects in other European countries subject to case-by-case consideration. Sustainalytics considers investments in renewable energy projects to deliver environmental benefits.

TRANSPARENCY

The Fund demonstrates the principle of transparency through both its upfront disclosures and commitment to ongoing reporting. The portfolio manager of the Fund, Prime Capital AG (“Prime Capital”), intends to invest the proceeds of the Fund over a three-year period, and has disclosed to Sustainalytics target allocations for its investments by renewable energy technology, as well as the intended geographic focus of projects.

The Fund’s governance and decision-making structures have been appropriately described within the Investment Policy, and Sustainalytics considers that they are adequate to ensure the robust management of proceeds and the mitigation of environmental and social risk. Furthermore, Prime Capital provides ESG reporting metrics to its investors as part of its quarterly reporting package.