fund news
28 April 2009
Chinese solar company Chint Solar has closed a $50m round of fundraising led by Chinese venture capital firm Cybernaut and investment company Shanghai Alliance Investment Limited. A number of oversees and domestic funds made up the rest of the syndicate.
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21 April 2009
QD Vision, a developer of nanotechnology products for lighting and displays, has been granted more than $700,000 by the US Department of Energy for a project to develop solid state light technologies.
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20 April 2009
US Vice President Joe Biden said the Department of Energy has plans to build a strong and secure electric grid which would help create new jobs and limit environmental impact.
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17 April 2009
Houston-based biotechnology company Glycos Biotechnologies has closed a Series A funding round on $5m. The round was led by venture capital firms Draper Fisher Jurvetson and DFJ Mercury.
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17 April 2009
MTI MicroFuel Cells, a developer of off-the-grid portable power solution, has been awarded $2.4m in funding from the US Department of Energy.
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15 April 2009
US solar power design company SolarCity Corporation has closed a master lease transaction with private investment group Greystone Renewable Energy Ventures' Renewable Energy Fund 2008, a fund set up for solar power projects.
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14 April 2009
Texan-based petroleum refiner Valero Energy Corporation has made the first investment in Terrabon's current round of equity financing. Terrabone is a Texan developer of environmentally-friendly gasoline from landfill waste and will use the funding to accelerate commercial deployment of its technology that converts biomass into ‘green gasoline.'
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6 April 2009
Californian venture capital firm Velocity Venture Capital has promoted Farid Dibachi and Henry Montgomery to general partner, according to reports. The firm, which focuses on investments in the cleantech, life sciences, software and internet sectors, has also held a first close on its third fund, which has a target of $60m.
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6 April 2009
Norway is proposing to allocate up to NOK20bn ($3bn) for green investments, through a new investment programme from its Government Pension Fund.
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2 April 2009
A new £500,000 fund has been launched in the UK to help environmental entrepreneurs and small businesses develop their ideas to generate electricity from the River Severn's tidal power. The £500,000 scheme is being managed by the Department of Energy and Climate Change, the Welsh Assembly Government, Defra, and the South West of England Regional Development Agency.
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31 March 2009
Google's newly established venture capital arm, Google Ventures, will focus on cleantech investments, as well as industries including consumer internet, software, hardware, biotech and healthcare, the company revealed.
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31 March 2009
The founders of UK private equity firm Duke Street Capital, Edmund and Danny Truell, have established a new cleantech and renewable energy-focused venture capital firm, Curzon Park Capital, according to reports.
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30 March 2009
Frog Capital, a London-based European investment firm that focuses on cleantech and ICT, has launched itself under a new name following an expansion of its funds under management, and appointed a new managing partner, Mike Reid, from 3i's Growth Capital team.
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27 March 2009
New Earth Solutions Group, a UK waste treatment and resource recovery company, has launched the New Earth Recycling and Renewable Energy Sub-Fund as part of The Eclipse Investment Fund Protected Cell Company.
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26 March 2009
The European Bank for Reconstruction and Development (EBRD) is investing up to KZT9.2bn (€46m) to acquire a stake in the private power company Central-Asian Electric Power Corporation.
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25 March 2009
UK investment manager Climate Change Capital is looking to raise up to €500m for a private equity fund targeting investments in European renewable energy, according to reports.
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24 March 2009
Asset management firm Robeco and TEDA International, a newly established company from Tianjin Investment Holding, which is mandated to hold all the financial assets under the Tianjin Government, have set up a joint venture. Robeco TEDA Investment Management Company will launch a new vehicle, the Robeco TEDA Sustainable Private Equity Fund.
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23 March 2009
Sencera, a photovoltaic modules manufacturer, has received $5.2m funding after successfully placing single-junction silicon solar cells with an initial 8.7 per cent sunlight to electricity conversion efficiency under standard test conditions.
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19 March 2009
Danish Pension Fund ATP is to commit up to $400m to a fund managed by US clean energy-focused private equity firm Hudson Clean Energy Partners. Investments will target solar, wind and hydro energy, as well as new forms of energy, such as biofuels and biomass.
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19 March 2009
The Canadian province of Ontario is creating a new fund to drive start-up investment in green technology companies. Starting in July, the Emerging Technologies Fund will invest CAN$250m dollars over five years together with qualified venture capital funds and private sector investors.
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