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Braemar to launch European solar fund

Property investment company Braemar Group is launching a pan-European solar fund.

The Guernsey-listed €90 million Oeic launches in late Autumn and will invest in pan-European solar parks initially targeting six sites across Germany. The fund has a target yield of above 10 per cent per annum over a 20 year period.

Braemar has already secured the €90 million in initial fund capital and will wholly own all generation equipment. Minimum investment for the fund is £10,000 and the Company plans to acquire additional parks across Europe with further institutional and retail funding.

Braemar chief executive Marc Duschenes says: “Germany is an ideal place for solar investment because it combines affordable land prices with premium prices for solar energy and technology. Since all the electricity is pre-sold to German utilities, we are able to offer double digit returns which make it a great investment. I have heard it said by some bankers that during the credit crunch, even sunshine is not certain. Well, so long as that is not the case, we have constructed a great product.”


Bond sales soar at Standard Life Intl

Standard Life International says total sales of its international bond have reached 593m. Sales in the first six months of 2008 were 270m compared with 284m for the whole of 2007.

Surprise element

For those of you who believe it is only our Government which is on its way to becoming a nanny state, I would like to draw your attention to plans in Germany to ban the seemingly inoffensive Kinder Surprise chocolate egg.

Industry fears at King stance

Bank of England governor Mervyn King has sent a clear message to both the Government and industry that he is firmly against potential solutions to the current liquidity crisis floated last month by Sir James Crosby.


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