Australian renewables Venture Capital fund ready to be up and running
Australian renewables VC fund ready to invest A$200m, Environmental Finance, 27 March 2012 An Australian renewable energy venture capital fund backed by the government is to start looking for investment opportunities.
The A$200 million (US$210 million) co-investment fund was set up in December, when the Australian government and Softbank China Venture Capital each provided A$100 million to the fund, which is managed by the Southern Cross Venture Partners (SXVP).
Last Thursday, the investment criteria were finalised, meaning the fund is now ready to invest, said SXVP.
The 13-year fund will provide start-up and early expansion capital to Australian renewable energy technology companies and assist with management skills needed to “commercialise their technologies”, said SXVP. “The fund’s investment approach is founded on the conviction that Australian entrepreneurs need to be internationally aware and
connected to be truly competitive,” said SXVP.
The Southern Cross Renewable Energy Fund will form part of the government’s $3.2 billion Australian Renewable Energy Agency when it starts on 1 July 2012…. http://www.environmental-finance.com/news/view/2394
No comments yet.
1 This month
of the week – Disrupting War & Militarism in Oceania. Active solidarity. Radical practice.
Antinuclear 
Leave a comment