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Bill Gates opens USD 116 million EU green investment fund

Bill Gates-backed Breakthrough Energy Ventures has opened an EUR 100 million investment fund aimed at supporting European cleantech developments.

Photo: Ritzau Scanpix/Michel Euler

Breakthrough Energy Ventures, the startup fund founded by billionaire Bill Gates, opened a USD 100 million (USD 116 million) investment fund to help European companies develop clean technologies.

"We need new technologies to avoid the worst impacts of climate change," Gates said in Brussels, where he met with European Commission President Jean-Claude Juncker. "Scientists and entrepreneurs who are developing innovations to address climate change need capital to build companies that can deliver those innovations to the global market."

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