Business model at a glance

A unique investment model...

We don’t aim to tie investments to sustainability; rather we start with sustainability and look for investments.

Our investments always meet a structural demand gap in the local energy markets.

We create value for shareholders and a clear impact for the environment and society by targeting assets that can be optimised and/or expanded.

…that support the energy transition from all angles

Our unique investment model aims at supporting the energy transition from all angles

The energy transition is a global phenomenon that needs to be tackled globally. GSEO invests across jurisdictions around the world, creating a highly diversified portfolio.

GSEO's investments go beyond just core renewables and target a diverse range of proven sustainable energy technologies in order to play a part in the global transition towards net zero.

To accelerate the transition, the company focuses on both the construction of new assets as well as the acquisition of operational assets.

...creating a clear impact

The SDGs are the blueprint for ENRG’s sustainable investment strategy. Through targeted investment decisions and stewardship activities, ENRG aims to make a meaningful impact on combating climate change and reducing air pollution.

Impact is measured through defined key performance indicators (“KPIs”) disclosed annually. ENRG is classified as Article 9 under the EU sustainable Finance Disclosure Regulation (SFDR) and has an FCA sustainability impact label.

…while generating sustainable & attractive financial returns

NAV target returns of 10% unlevelled and net of the Company’s cost and expenses.

Consistent annual dividend growth since IPO, supported by a progressive dividend policy which aims at increasing dividends each year.

Portfolio revenues with more that 90% of revenues contracted.

Assets in the portfolio have a significantly high degree of inflation linkage, protecting real returns.

Investment decision process

We do not aim to tie investments to sustainability rather we start with sustainability and look for investments

The Company’s investment decision process focuses on the energy sector relevant SDGs as interpreted by the IEA and those that relate to capital investment in infrastructure. These are distilled into four “Investment pathways” as described below. If a project does not meet one or more of these four pathways, the Company will not invest. An external assurance firm is used to determine this compliance as well as whether the project also “does harm” to the other 11 SDGs. Once verified, the project can then be assessed from a commercial perspective.

Opportunity specific SDGs

Investment pathways

01Climate
change
02Energy
access
03Energy
efficiency
04Market
liberalisation

Investment decision gates

Gate 1
Assessment of opportunity and relevance to the Company’s investment pathways
Gate 2
Assessment of whether there is any material breach of non-core SDGs
Gate 3
Assessment of the investment itself

3 core criteria

01
Meet a structural demand gap
02
Ability to optimise and/ or expand the asset
03
Positive environmental and socail impact