Hazel Capital has closed its two new renewable energy VCTs on £41.6m (€46.9m).
The VCTs have already invested in five projects in the UK that qualify for the FIT regime. These investments include three ground-mounted solar projects, one small wind generation project and one rooftop solar project.
Christian Yates, partner at Hazel Capital, said: “When we constructed the Hazel Renewable Energy VCTs we were conscious that they should invest in a diversified portfolio of renewable energy projects and not focus on one area.”
Within the next month, Hazel expect to complete on a number of additional projects including a larger-scale wind project and a rooftop solar project.