EnergyWatch

France emerges as VC dealmaker for alternative to nuclear energy

Three French companies participated in more green-energy deals than any other venture capital firms last year, according to the most recent data compiled by Bloomberg New Energy Finance.

Photo: CLAUDE PARIS/AP/POLFOTO/arkiv

Three French companies have emerged as the most prolific venture capital dealmakers for new energy technologies as the country starts to seek out low-polluting alternatives for its aging nuclear reactors.

Engie SA, Demeter Partners SA and Total SA participated in more green-energy deals than any other venture capital firms last year, according to the most recent data compiled by Bloomberg New Energy Finance. While the USD 62.3 million that French funds put into the industry is a fraction of the overall USD 7.5 billion VCs invested in green energy, the number of deals indicates a budding community of early-stage financiers outside Silicon Valley.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Locally built US offshore wind farm may spur domino effect

US power utility Dominion Energy is in the process of developing the US' largest offshore wind project via a unique model for financing offshore wind, but that method will not necessarily remain in use, says offshore VP to EnergyWatch.

Further reading

Related articles

Trial banner

Latest News

See all jobs