Renewable Ventures’ new fund to give US solar $200M jolt
Renewable Ventures, the recently-acquired venture arm of Spanish solar developer Fotowatio, announced today that it has raised upwards of $200 million dollars for a new fund dedicated to advancing solar projects in the U.S. The money will go toward building at least 35 megawatts-worth of solar facilities, the San Francisco-based firm says.
Fotowatio already has a major presence in the U.S. — despite its European roots — with 130 megawatts-worth of projects already operational and 1,000… Continue Reading
Cleantech investing surpasses IT in Europe despite dip
Even though cleantech investing in Europe and Israel is down more than 30 percent from last year’s $1.8 billion, the sector is surpassing IT to become the second largest venture capital category on the continent (biotech remains at the top).
Relatively speaking, cleantech is still in its infancy. With so many capital intensive projects (think manufacturing plants and solar arrays) and a limited number of customers, it hasn’t caught on like the dot-com boom — or,… Continue Reading