Following the successful close of Fund I,

Fund II is closing on 30 June 2024

All money raised in Fund I was fully deployed
This is your last chance to get the 125% tax deduction
Don’t pay more tax than you have to
14.22% Average annual cash yield and 18% targeted IRR

The first private equity fund that enables taxpayers (individuals, trusts, companies) and pension funds to invest in a portfolio of renewable energy-producing assets, and benefit from the SARS-approved enhanced 125% Section 12BA tax allowance as promulgated into law in December 2023.

Launched by Grovest, the pioneers of Section 12J, and one of the largest small cap fund administrators in South Africa, with R3.5 billion in assets under administration.

Fund II is closing in:

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Section 12B of the Income Tax Act No. 58 of 1962 allows for a tax deduction in respect of certain qualifying assets (owned and brought into use after 1 January 2016) to reduce the taxable income of the taxpayer. These qualifying assets must be used for purposes of trade in the generation of electricity from renewable sources – SARS

For the period 1 March 2023 to 28 February 2025, the Section 12B allowance has been increased from 100% to 125% and no maximum cap on the output of the solar installation.

Your investment

125% Tax deductible on investment for trusts, individuals, and companies
Moderate risk investment
Targeted Internal Rate of Return (IRR): ≈ 18%+ (net of fees and taxes on risk capital)
Average annual yield: 14.22% p.a. on your investment amount
Average annual yield: 32.51% p.a on risk capital invested
Bi-annual income distributions

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Fund Investment Mandate

To own and operate a portfolio of renewable energy-generating assets, that sells the electricity generated to creditworthy counterparties (sectional title complexes, industrial and commercial companies), that are bound by long-term power purchase agreements.

Your tax benefit as an investor
Taxpayers who invest in the Fund are entitled to claim the 125% Section 12BA tax deduction on the full amount invested, as promulgated into law in December 2023. The tax deduction is applicable to each taxpayer, and is to be claimed in his/her personal respective tax return.

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We invite savvy investors seeking to gain superior returns at moderate risk, minimise their tax obligation, and contribute to a greener future to join us as we pioneer this asset class.

be part of the returns

Installations are contracted to approved third party EPC (Engineering, Procurement and Construction) companies. Operations and maintenance is contracted to approved O&M parties.
Installations incorporate the latest technology in solar panels, inverters, and battery storage, supported by proprietary software to manage and minimise energy utilisation.

Fund term: 10 years

Distribution policy: bi-annually:
March and September

Targeted internal rate of return (IRR):
18% net of fees and taxes on risk capital over the 10-year term.

125% Tax deductible:
For installations that generate electricity for the first time between 1 March 2023 and 28 February 2025, as promulgated into law in December 2023.