Guinness Asset Management’s Guinness EIS 6, a tax-efficient discretionary managed service that will invest in UK sustainable energy companies, is now open for investment.
Guinness EIS 6 is targeting attractive risk-weighted returns by making investments in UK sustainable energy companies which have predictable revenues, low technology risk and low correlation with other asset classes.
The firm has already identified investment opportunities in two hydro companies which have these investment characteristics. Investment opportunities include hydro-electric, reserve power, anaerobic digestion and waste heat recovery projects.
Guinness EIS 6 will be managed by the existing team of Shane Gallwey, Edward Guinness, Dr Malcolm King and Hugo Vaux who have raised and invested Guinness' existing EIS offerings. They are supported by an investment committee that includes Tim Guinness, Andrew Martin Smith, Tom Hill-Norton and Lord Flight, chairman of the EIS Association.
Gallwey says: “We continue to see good investment opportunities in the small-scale renewables sector. Our pipeline is underpinned by two excellent hydro projects of 1MW and 2MW that are ready for construction."
Edward Guinness says: "We are seeing many investors making EIS investments as a means of diversifying their portfolios, generating returns with low correlations to the equity markets and making investments that have attractive returns and tax benefits."