Asian Development Bank in initial stages of evaluating clean energy venture capital fund

9 March 2010

The Asian Development Bank (ADB) is in the early stages of evaluating the potential of a clean technology-focused venture capital fund, a spokesperson told NewNet.

The ADB has created a task force to investigate the possible establishment of a fund, having already raised $363m across four funds.

‘The ADB has indeed created a task force to evaluate the merits of a venture capital fund to invest in developers of clean energy technologies in the region,’ the ADB spokesperson said.

‘But the task force is still in the early stages of its deliberations.’

The new venture capital fund was first announced in February and is expected to follow the ADB’s strategy of investing in renewable energy projects through catalysing private sector investments and maximising the use of market-based mechanisms.

Copyright © 2010 NewNet

Tags: fund

This story was published on Tuesday, March 9th, 2010 at 12:28 pm and is filed under Asia, energy efficiency, funds. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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