Investec May Invest in Australian Solar, Geothermal Projects
Posted by Big Gav
Bloomberg reports that South African investment bank Investec is looking to invest in wave energy company Carnegie Corp and is also looking for opportunities in solar thermal and geothermal energy - Investec May Invest in Australian Solar, Geothermal Projects.
Investec ... said it may invest in Australian solar thermal and geothermal energy projects as it seeks to participate in emerging renewable energy ventures.
The bank signed an initial agreement last week to provide as much as A$250 million ($176 million) of funds for a wave energy project in southern Australia. It is interested in similar accords in solar and geothermal once project plans are more advanced, Peter Mansfield, head of project and infrastructure finance in Australia, said today. ...
The funding in Carnegie Corp.’s wave energy project may involve taking an equity stake in the venture company, Mansfield said. It is subject to a successful application for federal government funding for the project in southern Australia and to other milestones, Perth-based Carnegie said April 14.
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