HELIOSPHERE
HELIOSPHERE
Capital & co-investment
Heliosphere Power co-invests selectively alongside clients and partners — almost always in assets our own team has developed, diligenced or will operate.
Approach
An advisor who never takes a position is never tested by their own advice. We take positions — small, selective and always in assets we understand from the ground up.
Our co-investments are concentrated in projects where our team has done the land work, run the diligence or will hold the operating mandate. That is not a diversification strategy; it is a discipline. If the generation assumption is wrong, we feel it on the same P&L as the client does.
We do not run a blind pool, we do not take management fees on committed capital, and we do not invest in assets we have not walked. Where an opportunity is better suited to a third-party investor, we will say so and introduce one.
Where we invest
Commissioned solar and wind with established generation history and creditworthy offtake, acquired at a defensible discount to replacement cost.
Early-stage sites carried from land and connectivity through to financial close, where development risk is priced rather than assumed away.
Behind-the-meter and grid-scale storage where revenue stacking across arbitrage, capacity and ancillary services is demonstrable.
Investment criteria
These are screening criteria, not preferences. An opportunity that fails any one of them does not proceed to diligence, regardless of headline return.
Discuss an opportunityClean title
Land and connectivity documented, with no unresolved encumbrance or tenancy claim.
Metered history
For operating assets, a minimum of 24 months of generation data we can reconcile.
Creditworthy offtake
Payment history that supports the tariff assumption over the contract term.
Regulatory clarity
A state regime where the charges relied on are notified, not anticipated.
Operable at scale
An O&M plan we would be willing to run ourselves.
Downside priced
A base case that still works under P90 generation and tariff compression.
Process
A two-page summary is enough for us to say yes or no to diligence within a week.
Technical, commercial, legal and regulatory review run by the same team that would operate it.
Ticket size, instrument and governance agreed, with our operating role defined in writing.
Quarterly performance reporting against the base case, shared with every co-investor.
Nothing on this page is an offer, solicitation or recommendation to invest in any security or asset. Any investment is made solely on the terms of executed transaction documents.
Next step
Send the summary. If it is not for us you will get a clear no, with the reason, inside a week.