Clean energy fund
By Staff Reporter |
July 6, 2010, Tuesday
|
Print Edition
Print Edition
THE European Commission said yesterday that Global Energy Efficiency and Renewable Energy Efficiency Fund received approval in principle to invest 10 million euros (US$12.5 million) in Greenstar Energy Conservation and Emission Reduction Private Equity Fund.
The European Union is the main investor of GEEREF. The other two investors are Germany and Norway. GEEREF is a fund of funds managed by the European Investment Fund to provide clean energy to emerging countries and economies in transition.
Greenstar is China's first energy efficiency-focused private equity fund. It will invest mostly in small- and medium-sized projects where waste heat is recovered and utilized through electricity generation.
The European Union is the main investor of GEEREF. The other two investors are Germany and Norway. GEEREF is a fund of funds managed by the European Investment Fund to provide clean energy to emerging countries and economies in transition.
Greenstar is China's first energy efficiency-focused private equity fund. It will invest mostly in small- and medium-sized projects where waste heat is recovered and utilized through electricity generation.
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