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.

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