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Modus Asset Management launches "Modus Remote Solar Fund I"
8 February 2021
Modus Asset Management launched Modus Remote Solar Fund I dedicated for informed investors and received permission to market its investment units in the Republic of Lithuania. The Bank of Lithuania is the supervision authority of the Fund, the depositary of the Fund is SEB bankas AB.
Modus Asset Management is planning to offer Modus Remote Solar Fund I investment units to Baltic investors. First closing is expected to take place in June 2021.
The Fund has a targeted commitment size of €20m and will invest in operational solar photovoltaic projects in Lithuania that are leased to clients via remote solar plant mechanism.
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