I’m pleased to have supported on the successful recapitalisation and restructuring of the SunCable business, and to have secured a pathway forward to continue progress on the Australia-Asia Power Link project, with future funding support being provided from the purchaser, Grok Ventures. The continued development and investment in the project will allow it to reach Final Investment Stage 1, to deliver 0.9GW of generation into Darwin and 1.8GW into Singapore, supporting a clean energy solution for the Asia Pacific region into the future. To learn more about our role and impact as Voluntary Administrators, watch the video below. #TeamFTI #VoluntaryAdministration #SunCable #RenewableEnergy
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A few more billion in new US & Europe clean energy funds... LS Power closes oversubscribed fund V at $2.7B To date, Fund V has invested or committed approximately $1.6 billion across renewable and gas-fired generation, renewable fuels, and green hydrogen, with an extensive pipeline of additional opportunities. Recent investments include the announced acquisition of Algonquin Power & Utilities Corp.’s North American renewable energy business, comprised of 3 GW of operating projects and an 8 GW development pipeline spanning 12 states, 4 provinces, and 5 U.S. power markets. Investors in Fund V include some of the world’s leading pension funds, insurance companies, sovereign wealth funds, asset managers, foundations, endowments, and family offices, among others. Norway's sovereign wealth fund commits €900M to CIP renewables fund Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, has committed to investing €900 million in Copenhagen Infrastructure Partners’ (CIP) fifth flagship fund which is focused on offshore and onshore wind, solar farms, grid and distribution, and energy storage. The investments will be equally split between three regions -- North America, Western Europe, and developed countries in the Asia Pacific region. The investment vehicle, which targets €12 billion, seeks to become the largest dedicated greenfield renewable energy fund in the world. Zurich-based VC firm redalpine closes a new record fund of over €179M The firm is recognized for funding category leaders across a wide range of sectors, including AI, biotech, fintech, and energy, and for being the first backer of unicorns like Taxfix and N26. The new fund will target 15-20 early-stage companies across Europe. RAC VII has already made investments in nine companies, including Proxima Fusion (Germany), a spin-off from the Max Planck Institute for Plasma Physics focusing on clean energy production through fusion technology; LegalFly (Belgium), an AI copilot transforming legal workflows; and ExpressionEdits (UK), a gene-editing company streamlining the development of life-saving therapies. Great to see that recent economic headwinds hasn't deterred significant new funding from the clean energy and climate tech space. Links to sources in the comments. #cleanenergy #climatetech #renewables #infrastructure #venturecapital
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📣 Europe must wake up to the concerns of its #cleantech industry! 📣 It's imperative for Europe to listen to the cleantech community and corporate sector to understand "what is not working" and why investments are being redirected elsewhere. Thank you for the opportunity to share these insights @recharge and to discuss the pivotal role of policy in shaping the future of #cleantech investment. What do I say? 1️⃣ There is a vibrant ecosystem of companies eager to scale and achieve global success. Europe has a flourishing of innovative firms 💪 , and with the right support and policies, these companies can become major global players. 2️⃣ Yet there are significant economic advantages the United States holds over Europe, particularly due to the Inflation Reduction Act (IRA). 👉This is especially evident in the context of CO2 usage (#CCU). In the US, companies benefit from tax credits when they reuse CO2 generated from operations, whereas in Europe, such actions are penalized with a carbon price (whilst virgin fossil fuels are exempt). Does that mean that most #CCU businesses will go the US to #scale?! 3️⃣ Europe's goal should be to develop a coherent and effective response that addresses these challenges, and to #listen to what the #cleantech community is highlighting in terms of its challenges.
Europe must “wake up” to the concerns of the cleantech industry on the support it needs to flourish, says Breakthrough Energy senior director Julia Reinaud, amid the continuing lure of US “carrots” that are pulling some businesses across the Atlantic. #energytransition #renewables #netzero #cleanenergy https://lnkd.in/ePa3vwFi
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We are thrilled to announce Kibo's investment in Ampd Energy. This marks a step forward in our commitment to support climate technologies and drive the transition to an emission-free future. Congratulations to Ampd Energy on raising an oversubscribed round — this is a significant achievement and a strong validation of the company's vision and progress. Ampd's proprietary energy storage system offers a clean and efficient alternative to diesel generators, resulting up to 75% cost savings through reduced fuel consumption. At Kibo Invest, we believe in the potential of groundbreaking companies like Ampd Energy to deliver strong financial returns and create lasting positive impact on the environment. This collaboration underscores our dedication to investing in scalable, high-impact innovations that contribute to a cleaner, greener planet. We are proud to join Ampd on this journey and to support their vision of a smarter, more sustainable energy future. https://bit.ly/3NXXetq #AmpdEnergy #KiboInvest #ClimateTech #EnergyStorage #Innovation
Ampd Energy Secures Oversubscribed $27.3 Million in Series B Funding to Accelerate Clean Battery Energy Storage Solutions Globally
prnewswire.com
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Exciting new investment: Triodos Energy Transition Europe Fund and GridBeyond expand their partnership via their joint venture GridBeyond Storage to accelerate the roll-out of behind-the-meter battery energy storage systems across the UK and Ireland. #MarketingCommunication
Triodos Energy Transition Europe Fund commits EUR 11M to GridBeyond partnership
triodos.smh.re
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Exciting new investment: Triodos Energy Transition Europe Fund and GridBeyond expand their partnership via their joint venture GridBeyond Storage to accelerate the roll-out of behind-the-meter battery energy storage systems across the UK and Ireland. #MarketingCommunication
Triodos Energy Transition Europe Fund commits EUR 11M to GridBeyond partnership
triodos.smh.re
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Exciting new investment: Triodos Energy Transition Europe Fund and GridBeyond expand their partnership via their joint venture GridBeyond Storage to accelerate the roll-out of behind-the-meter battery energy storage systems across the UK and Ireland. #MarketingCommunication
Triodos Energy Transition Europe Fund commits EUR 11M to GridBeyond partnership
triodos.smh.re
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Exciting new investment: Triodos Energy Transition Europe Fund and GridBeyond expand their partnership via their joint venture GridBeyond Storage to accelerate the roll-out of behind-the-meter battery energy storage systems across the UK and Ireland. #MarketingCommunication
Triodos Energy Transition Europe Fund commits EUR 11M to GridBeyond partnership
triodos.smh.re
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Solarfix NI Ltd has successfully acquired €1.8m in a funding package from Whiterock to increase its presence in the UK and Ireland. https://lnkd.in/dJZZ2MTt #solarenergy #renewableenergy #solareurope
Solarfix receives €1.8m from Whiterock for development
https://solarstoragextra.com
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Malaysia’s OCK Group invests $79.1 million in solar portfolio: OCK Group, a telecom services provider, says that it plans to invest MYR 350 million ($79.1 million) in a 116 MW solar facility. #RenewableEnergy #Photovoltaic #Technology
Malaysia’s OCK Group invests $79.1 million in solar portfolio
https://www.pv-magazine.com
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Exciting new investment: Triodos Energy Transition Europe Fund and GridBeyond expand their partnership via their joint venture GridBeyond Storage to accelerate the roll-out of behind-the-meter battery energy storage systems across the UK and Ireland. #MarketingCommunication
Triodos Energy Transition Europe Fund commits EUR 11M to GridBeyond partnership
triodos.smh.re
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