Our Investments
We provide debt funding to businesses operating critical infrastructure in New Zealand’s electricity sector.
By doing so, we are investing in New Zealand’s grid resilience and the production and delivery of renewable electricity to homes and businesses across New Zealand
Our fund structure is designed to align with AIP applicants’ 3-year investment horizon, supporting capital preservation, redemption at maturity, and providing semi-annual cash distributions.
Each investor benefits from a segregated, transparently managed portfolio with comprehensive reporting, while assets are safeguarded by an independent external custodian.
Active Investor Plus (AIP) visa
Fidelity Capital Sustainable Energy Fund is certified as an Acceptable Managed Fund in the Growth Category under New Zealand’s Active Investor Plus (AIP) visa scheme. Applicants can apply for this visa to live, work and invest in New Zealand. You must have at least NZD $5 million to apply under the Growth category. For further information, please refer to Immigration New Zealand and Invest New Zealand.
New Zealand Electricity Market
Generation
Electricity generation is dominated by a handful of major generators, who sell electricity into the wholesale market. These companies are vertically integrated, meaning that they also participate in the retail side of the sector. Because of this, such companies are referred to as “gentailers”.
Transmission & Distribution
Electricity is transported from where it is generated to where it is consumed through two layers of networks:
Transmission is managed nationally by Transpower, the state-owned grid operator. It operates the high-voltage backbone of the system.
Distribution is managed by 29 regional companies, which deliver electricity through local lines to homes and businesses.
Retail
Retailers purchase electricity from the wholesale market and sell it to end consumers. There are around 40 retail brands serving more than two million consumers. The sector is highly integrated, with the main retail companies being the same firms that generate most of the electricity (“gentailers”).
