Commission partners with Bill Gates to launch clean energy investment fund

Brussels – The European Commission has signed a memorandum of understanding with Bill Gates-led Breakthrough Energy Ventures to create a €100 million investment fund for clean energy technologies.

‘Breakthrough Energy Europe’ will pool public funding from InnovFin with private investment from Breakthrough Energy Ventures – an investor led fund with more than $1 billion in committed capital.

The fund will provide capital to European companies working on breakthrough innovations. It will focus on technologies that reduce greenhouse gas emissions and promote energy efficiency in the areas of electricity, transport, agriculture, manufacturing, and buildings. The fund is expected to be operational in 2019.

Breakthrough Energy Ventures – of which Bill Gates is Chairperson – was created in 2016 by the Breakthrough Energy Coalition – a group of investors and institutions committed to developing technologies to help solve climate change.

InnovFin (EU Finance for Innovators) is a joint initiative launched by the European Investment Bank in cooperation with the European Commission under Horizon 2020.

Read the Commission press release here.

Discover new solutions and inspiring policy sessions on challenges and opportunities for sustainable aquaculture production and consumption in the European…

Read Story

On 13 September Ursula von der Leyen, President of the European Commission, gave her annual State of the Union address,…

Read Story

Eleven partners from four different European countries will work together to foster the access to market of bio-waste derived soil…

Read Story
Arrow-up