energy
WATT & BUILD Fund
Key parameters of the Qualified Investor Fund
10 % p.a.
Target yield of the Fund
10 % p.a.
Target yield of the Fund
1 billion CZK
Target Fund volume
1 billion CZK
Target Fund volume
5 years and more
Investment horizon
5 years and more
Investment horizon
WATT & BUILD Fund
About the Fund
Fund focus
The Fund prioritizes the development of renewable energy sources, with a primary focus on photovoltaic and wind power plants. As part of its strategy, the Fund identifies and acquires suitable projects that include secured land, valid zoning permits, and grid connection agreements. It then finances and manages the construction phase through to the commencement of energy production.
At present, the Fund is preparing projects with a combined planned capacity exceeding 60 megawatts—actively responding to the growing demand and potential for renewable energy across Europe.
Fund objectives
The fund targets a net asset value (NAV) of up to CZK 1 billion, with further growth planned through the sale of completed projects—either to third parties or in collaboration with existing partners and co-investors.
This approach ensures a full investment cycle, from project development and construction to a successful exit.
Are you already an investor?
Visit the CODYA portal.
Are you already an investor?
Visit the CODYA portal.
Are you already an investor?
Visit the CODYA portal.
Key parameters
Key parameters
Minimum investment
The Fund for Qualified Investors assumes a minimum investment of CZK 1 million or EUR 125 thousand.
Minimum investment
The Fund for Qualified Investors assumes a minimum investment of CZK 1 million or EUR 125 thousand.
Minimum investment
The Fund for Qualified Investors assumes a minimum investment of CZK 1 million or EUR 125 thousand.
Growth investment stocks
The basic principle of growth stocks is the reinvestment of profits with the aim of increasing the overall value of the Fund.
Growth investment stocks
The basic principle of growth stocks is the reinvestment of profits with the aim of increasing the overall value of the Fund.
Growth investment stocks
The basic principle of growth stocks is the reinvestment of profits with the aim of increasing the overall value of the Fund.
Monthly valuation
The Fund’s value is updated on a monthly basis, providing investors with regular insight into the performance of their investments.
Monthly valuation
The Fund’s value is updated on a monthly basis, providing investors with regular insight into the performance of their investments.
Monthly valuation
The Fund’s value is updated on a monthly basis, providing investors with regular insight into the performance of their investments.
Possibility to invest in CZK and EUR
The Fund offers two share classes: Class A for investments in CZK and Class E for investments in EUR. Both types of shares are reinvestment shares.
Possibility to invest in CZK and EUR
The Fund offers two share classes: Class A for investments in CZK and Class E for investments in EUR. Both types of shares are reinvestment shares.
Possibility to invest in CZK and EUR
The Fund offers two share classes: Class A for investments in CZK and Class E for investments in EUR. Both types of shares are reinvestment shares.
WATT & BUILD Fund
Strengths
International involvement
We focus primarily on regions where the development of renewable energy sources is strongly supported—particularly Spain, Italy, Finland, and other European countries.
International involvement
We focus primarily on regions where the development of renewable energy sources is strongly supported—particularly Spain, Italy, Finland, and other European countries.
International involvement
We focus primarily on regions where the development of renewable energy sources is strongly supported—particularly Spain, Italy, Finland, and other European countries.
Management experience
The management team draws on long-term experience in the construction, acquisition and management of dozens of renewable energy projects with a total installed capacity of more than 150 MW.
Management experience
The management team draws on long-term experience in the construction, acquisition and management of dozens of renewable energy projects with a total installed capacity of more than 150 MW.
Management experience
The management team draws on long-term experience in the construction, acquisition and management of dozens of renewable energy projects with a total installed capacity of more than 150 MW.
Efficient construction of energy resources
When comparing the construction costs per 1 MW of installed capacity—measured in millions of Czech crowns—our photovoltaic power plants consistently deliver outstanding cost-efficiency over the long term. In addition, their ongoing operation offers significant advantages compared to other energy sources.
Efficient construction of energy resources
When comparing the construction costs per 1 MW of installed capacity—measured in millions of Czech crowns—our photovoltaic power plants consistently deliver outstanding cost-efficiency over the long term. In addition, their ongoing operation offers significant advantages compared to other energy sources.
Efficient construction of energy resources
When comparing the construction costs per 1 MW of installed capacity—measured in millions of Czech crowns—our photovoltaic power plants consistently deliver outstanding cost-efficiency over the long term. In addition, their ongoing operation offers significant advantages compared to other energy sources.
Stronger and predictable cashflow
By focusing on the construction of a power balancing system utilizing battery storage within an aggregated unit, we contribute to the overall stabilization of the power transmission grid. This approach also enhances revenue potential for individual projects and offers predictable cash flow, thanks to the structured nature of energy trading.
Stronger and predictable cashflow
By focusing on the construction of a power balancing system utilizing battery storage within an aggregated unit, we contribute to the overall stabilization of the power transmission grid. This approach also enhances revenue potential for individual projects and offers predictable cash flow, thanks to the structured nature of energy trading.
Stronger and predictable cashflow
By focusing on the construction of a power balancing system utilizing battery storage within an aggregated unit, we contribute to the overall stabilization of the power transmission grid. This approach also enhances revenue potential for individual projects and offers predictable cash flow, thanks to the structured nature of energy trading.
Fund strategy
Fund strategy
Acquisition goals
Renewable and dispatchable energy source projects in the development phase, all of which include secured grid connection agreements.
Acquisition goals
Renewable and dispatchable energy source projects in the development phase, all of which include secured grid connection agreements.
Acquisition goals
Renewable and dispatchable energy source projects in the development phase, all of which include secured grid connection agreements.
Exit goals
Once construction is complete and connected to the network, the project is sold to third parties or temporarily actively managed.
Exit goals
Once construction is complete and connected to the network, the project is sold to third parties or temporarily actively managed.
Exit goals
Once construction is complete and connected to the network, the project is sold to third parties or temporarily actively managed.
Current projects of the Fund
Current projects of the Fund
PV Valdecarros
6.3 MWp
Planned installed capacity
Valladolid (Spain)
Location
PV Valdecarros
6.3 MWp
Planned installed capacity
Valladolid (Spain)
Location
PV Valdecarros
6.3 MWp
Planned installed capacity
Valladolid (Spain)
Location
PV Camunyas
4.7 MWp
Planned installed capacity
Valladolid (Spain)
Location
PV Camunyas
4.7 MWp
Planned installed capacity
Valladolid (Spain)
Location
PV Camunyas
4.7 MWp
Planned installed capacity
Valladolid (Spain)
Location
PV Chulapo
7.8 MWp
Planned installed capacity
Madrid (Spain)
Location
PV Chulapo
7.8 MWp
Planned installed capacity
Madrid (Spain)
Location
PV Chulapo
7.8 MWp
Planned installed capacity
Madrid (Spain)
Location
PV Calvo
6.3 MWp
Planned installed capacity
Madrid (Spain)
Location
PV Calvo
6.3 MWp
Planned installed capacity
Madrid (Spain)
Location
PV Calvo
6.3 MWp
Planned installed capacity
Madrid (Spain)
Location
PV Estandarte
5.2 MWp
Planned installed capacity
Valladolid (Spain)
Location
PV Estandarte
5.2 MWp
Planned installed capacity
Valladolid (Spain)
Location
PV Estandarte
5.2 MWp
Planned installed capacity
Valladolid (Spain)
Location
PV Garrofa
3.5 MWp
Planned installed capacity
Alicante (Spain)
Location
PV Garrofa
3.5 MWp
Planned installed capacity
Alicante (Spain)
Location
PV Garrofa
3.5 MWp
Planned installed capacity
Alicante (Spain)
Location
PV Perdido
7.8 MWp
Planned installed capacity
Madrid (Spain)
Location
PV Perdido
7.8 MWp
Planned installed capacity
Madrid (Spain)
Location
PV Perdido
7.8 MWp
Planned installed capacity
Madrid (Spain)
Location
PV Mydlovary
5 MWh
Planned installed capacity
Mydlovary (Czech Republic)
Location
PV Mydlovary
5 MWh
Planned installed capacity
Mydlovary (Czech Republic)
Location
PV Mydlovary
5 MWh
Planned installed capacity
Mydlovary (Czech Republic)
Location
PV Olomouc
20 MWh
Planned installed capacity
Olomouc (Czech Republic)
Location
PV Olomouc
20 MWh
Planned installed capacity
Olomouc (Czech Republic)
Location
PV Olomouc
20 MWh
Planned installed capacity
Olomouc (Czech Republic)
Location
Available for download
Available for download
Factsheet Q2-2025
(PDF, 0,5 MB)
Factsheet Q2-2025
(PDF, 0,5 MB)
Factsheet Q2-2025
(PDF, 0,5 MB)
Sub-fund Statute
(PDF, 0.4 MB)
Sub-fund Statute
(PDF, 0.4 MB)
Subfund statute
(PDF, 0.4 MB)
Fund Statute
(PDF, 0.4 MB)
Fund Statute
(PDF, 0.4 MB)
Fund Statute
(PDF, 0.4 MB)
KID class A
(PDF, 0.7 MB)
KID class A
(PDF, 0.7 MB)
KID class A
(PDF, 0.7 MB)
KID class E
(PDF, 0.7 MB)
KID class E
(PDF, 0.7 MB)
KID class E
(PDF, 0.7 MB)
Fund Brochure
(PDF, 2.7 MB)
Fund Brochure
(PDF, 2.7 MB)
Fund Brochure
(PDF, 2.7 MB)
General Meeting - report
(PDF, 4.1 MB)
General Meeting - report
(PDF, 4.1 MB)
General Meeting - report
(PDF, 4.1 MB)
Document archive
2025
Factsheets
2025
Factsheets
2025
Factsheets
2024
Factsheets
2024
Factsheets
2024
Factsheets
Detailed information
Detailed information
Fund name
Axelor Fund SICAV a.s.
Fund name
Axelor Fund SICAV a.s.
Fund name
Axelor Fund SICAV a.s.
Sub-fund name
Axelor Fund, WATT & BUILD podfond
Sub-fund name
Axelor Fund, WATT & BUILD podfond
Sub-fund name
Axelor Fund, WATT & BUILD podfond
Fund type
Qualified Investor Fund
Fund type
Qualified Investor Fund
Fund type
Qualified Investor Fund
Company Identification Number
197 16 605
Company Identification Number
197 16 605
Company Identification Number
197 16 605
Founders
Axelor Management s.r.o. and DWM Invest Solutions s.r.o.
Founders
Axelor Management s.r.o. and DWM Invest Solutions s.r.o.
Founders
Axelor Management s.r.o. and DWM Invest Solutions s.r.o.
Manager and Administrator
CODYA investiční společnost, a.s.
Manager and Administrator
CODYA investiční společnost, a.s.
Manager and Administrator
CODYA investiční společnost, a.s.
Depository
UniCredit Bank Czech Republic and Slovakia, a.s.
Depository
UniCredit Bank Czech Republic and Slovakia, a.s.
Depository
UniCredit Bank Czech Republic and Slovakia, a.s.
Expert
Kreston A&CE Group, s.r.o.
Expert
Kreston A&CE Group, s.r.o.
Expert
Kreston A&CE Group, s.r.o.
Auditor
TPA Group
Auditor
TPA Group
Auditor
TPA Group
Investment horizon
5 years and more
Investment horizon
5 years and more
Investment horizon
5 years and more
Valuation period
monthly
Valuation period
monthly
Valuation period
monthly
Management fee
up to 1.5% p.a.
Management fee
up to 1.5% p.a.
Management fee
up to 1.5% p.a.
Entrance fee
up to 5 %
Entrance fee
up to 5 %
Entrance fee
up to 5 %
Output fee
10% of the investment value if the client held the shares for less than 2 years, 5% of the investment value if the client held the fund shares for less than 3 years, 0% if the client held the fund shares for at least 3 years.
Output fee
10% of the investment value if the client held the shares for less than 2 years, 5% of the investment value if the client held the fund shares for less than 3 years, 0% if the client held the fund shares for at least 3 years.
Output fee
10% of the investment value if the client held the shares for less than 2 years, 5% of the investment value if the client held the fund shares for less than 3 years, 0% if the client held the fund shares for at least 3 years.
Minimum investment
1,000,000 CZK or 125,000 EUR
Minimum investment
1,000,000 CZK or 125,000 EUR
Minimum investment
1,000,000 CZK or 125,000 EUR
Axelor business office
Contact us
Přízova 285/3, 602 00 Brno
Data box: 3r2aefd
Company ID: 21986304
Axelor business office
Contact us
Přízova 285/3, 602 00 Brno
Data box: 3r2aefd
Company ID: 21986304
Axelor business office
Contact us
Přízova 285/3, 602 00 Brno
Data box: 3r2aefd
Company ID: 21986304