Leading offshore law firm, Mourant Ozannes, has advised Low Carbon, a privately-owned investment company, in connection with the establishment of VLC Renewables Fund I (VLC Renewables).
VLC Renewables was established in Jersey as an unregulated eligible investor fund and structured using Jersey limited partnerships. It was created to invest in renewable energy projects which received initial commitments of €200m from Vitol, one of the world’s largest energy companies.
The fund, advised by Low Carbon, will invest in European renewable energy generation projects. Its initial focus will be both onshore and offshore wind energy, specifically targeting projects at various stages of the development cycle, including late stage development, construction and operation.
Low Carbon is committed to tackling climate change and reducing carbon emissions. The successful closing of this new fund is a step forward in their pursuit of a global low-carbon future.
The Mourant Ozannes Jersey Investment Funds team was led by Partner, Mark Chambers alongside Senior Associate, Matt McManus and Associate, Rachel McGinness. The team advised alongside lead counsel, Goodwin Procter and administrator, Aztec.