European asset management company Capital Dynamics has closed its most recent clean energy funding round at a total of $1.39bn (€1.2bn).
The Clean Energy Infrastructure (CEI) Fund (of which version VII closed this week) focuses on ‘proven’ clean energy technologies including solar, wind, biomass/landfill gas, geothermal, gas-fired and hydro.
Capital Dynamics says it wants funds to focus on clean energy for a number of reasons: rising electricity prices; increased cost competitiveness of proven technologies; increasing economic, political and social demand; increased retirement of ageing power infrastructure in developed markets; and a range of legally binding regulatory and market-based investment incentives.
The CEI fund program, according to the company, “invests directly in commercial and utility-scale, clean and low-carbon power generation assets or related infrastructure employing proven technologies, primarily in North America and Europe”.
