Wednesday, December 7 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Dec 05
Week of Nov 28
Week of Nov 21
Week of Nov 14
Week of Nov 07
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Alantra, Enagas energy transition fund closes at EUR 210m


    September 21, 2022 - SeeNews Renewables

     

      September 21 (Renewables Now) - Madrid-based alternative asset manager Alantra and Spanish gas grid operator Enagas SA (BME:ENG) said on Wednesday that they had closed their energy transition fund at EUR 210 million (USD 208.4m), exceeding the target of EUR 150 million.

      Klima Energy Transition Fund secured a commitment of EUR 30 million from the European Investment Fund, part of the European Investment Bank Group. Alantra and its shareholders, Enagas, and the investment team made a joint investment of around EUR 50 million. Commitments also came from institutional investors, energy-related companies, public and European institutions and family offices, according to the press release.

      “Representing approximately three quarters of greenhouse gas emissions, the energy space needs smart money to scale up impactful innovation,” commented Alain Godard, Chief Executive of the European Investment Fund. “We are proud to be backing Klima, an experienced and skilled team located in Spain and Germany, who will target promising companies in this field across Europe.”

      Klima is focused on acquiring minority stakes in companies with high growth potential in energy transition sectors. These may include companies providing low-carbon solutions, smart power grids, energy storage, renewables and enabling technologies, energy-sector digitalisation, energy efficiency in hard-to-abate sectors and sustainable transportation.

      The fund recently invested in SunRoof, a Swedish start-up offering integrated solar roofs. Its investments also went to US power generator Mainspring and Swiss weather forecast predictor Meteomatics.

      (EUR 1.0 = USD 0.992)

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.