OVERVIEW

The fund is established in Cyprus on 15/06/2020
with registration# HE410169 and ISIN# CYF000001505 and ILIOS ONE is the investment compartment of the Bright Ilios Fund.

ILIOS ONE is focused on the Renewable Energy sector of Cyprus and its main target is to provide through its subsidiary medium-term, rent-to-own schemes for Solar PV Equipment to residential and business Customers to generate electricity for their own use.

Customers would rent to own the Solar PV System from EFS Cyprus Ltd, the wholly owned subsidiary of the Fund, which will be in charge of setting up and maintaining the Solar PV Systems for the duration of the term.

EFSC ltd will leverage the expertise and local know-how of the founders, to install and maintain the solutions for both the residential and business clients.

EFSC ltd has a team of experienced individuals, with a proven track record in the industry. Results-driven engineers, client-focused sales professional with over twenty years of sales leadership in renewable engineering, procurement, and construction (EPC).

The Fund has engaged the following esteemed companies for running its operations:

WHY A SOLAR PV FUND
IN CYPRUS?

The shift toward clean, reliable, affordable electricity in the world is most visible in the rapid proliferation of solar panels mounted on the roofs of homes and businesses. Individuals and businesses have been attracted not just to the environmental benefits of solar power, but also to the ability to generate their own power and to the fixed and competitive price of electricity that these systems provide.

Rooftop solar is increasingly cost-effective for homeowners, business owners, and their communities. Improved technology, innovative financing, and growing networks of solar installers and financial partners all helped grow the demand for PV Rooftop systems. On the other hand, because rooftop solar can be installed in cities and towns, as opposed to remote locations, it offers job possibilities for local engineers and technicians.

Cyprus is no different where the demand for Solar PV Systems is growing significantly, in an effort by Consumers to reduce their electricity bill.

INVESTOR PROPOSITION

BRIGHT ILIOS RAIF V.C.I.C. PLC offers well informed and professional investors
an opportunity to invest in the Renewable Energy sector in Cyprus through
a private equity fund alongside experienced professionals in the sector.

The Fund will seek to generate a target return of 31.85% on paid-up capital
over the suggested investment horizon of 5 years,
by investing in selective solar projects for residential and business Customers.

INVESTMENT OBJECTIVE

To invest in the Renewable Energy sector in Cyprus alongside an experienced group of professionals in the sector and to generate a target return of 31.85% on paid-up capital, over the suggested investment horizon of 5 years.

INVESTMENT POLICY

The Fund will seek to achieve its Investment Objective by investing in selective solar projects for residential and business Customers. Customers would rent-to-own the Solar PV System from EFS Cyprus Ltd, the wholly owned subsidiary of the Fund, EFSC ltd, which is the company in charge of setting up and maintaining the Solar PV Systems for the duration of the term.

PROPOSITION STRENGTHS

  • Strong market demand/need for Solar PV System with an underfinanced market
  • A Rent-to-Own proposition which provides a yearly saving to Customers
  • Strong pipeline based on an established network and identified Customer base (by the Sponsor)
  • Asset backed proposition, whereby EFS Cyprus Ltd will own the asset ( until settlement of all the contract dues)
  • Screening of the Customer will be done via Cyprus Credit Bureaus
  • Rental agreement will be subject to a pre-defined list criteria

WHAT DOES THE FUND OFFER?

The proposed Fund offering provides, through its wholly owned subsidiary, EFSC Ltd, indirect funding for the installation and maintenance of the Solar PV System and addresses the market gap whilst contributing to the social, business and environmental welfare of the country:

INSTALLATION

The funding allows Customers to install the Solar PV System without making a significant upfront investment, instead, they would sign up to a monthly payment plan over a 5 year period. The monthly payment would be equivalent to a lesser amount than their existing electricity bill, thus having a positive impact on their cash flow, while producing independent, sustainable and clean power.

 

EXCESS ENERGY RETURN

Excess power generated can be returned through the net metering law, which allows individuals or private companies that generate on-site renewable energy through privately owned plants to export renewable energy power to the grid when demand (i.e. consumption) is low.

CONTACT FORM

    BRIGHT ILIOS RAIF V.C.I.C PLC

    EFS CYPRUS

    EFS CYPRUS  provide state-of-the-art funding solutions for residential and industrial Solar PV Systems.

    Through a pre-defined 60 months payment scheme, families and businesses can acquire the Solar PV System that covers their Energy needs.

    These schemes are offered exclusively through the EFS CYPRUS’ carefully selected and approved network of Solar Professionals.

    • 100% ‘All to Gain’ solutions
    • Extremely reasonable Fixed Monthly Instalments
    • No impact on family or business Budget
    • Ownership of Solar PV System at the end of the rental period
    • Insurance, monitoring and maintenance included