Modus Asset Management launched Modus Poland 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 supervisory authority of the Fund.
Modus Asset Management plans to offer Modus Poland Solar Fund I investment units to Baltic investors. The first closing is expected to take place in April 2020.
The Fund has a targeted commitment size of €30m and will invest in operational solar photovoltaic small and utility-scale projects located in Poland. The duration of the fund is 4 years.