Climate Change Capital closes twin renewable energy VCTs with £22.3m

Climate Change Capital has raised £22.3m (€32.2m) for its renewable energy-focused Ventus 2 and 3 venture capital trusts. Fundraising was launched in January 2006, with a ceiling of £30m.

Ventus 2 and 3 are structured as twin VCTs and will invest identical amounts in companies that develop, construct or operate renewable energy projects in the UK. They may also invest alongside Ventus 1, which has £15m under management.

Investment manager Steve Read said that 'while Ventus 1 targeted only wind energy projects, the second and third funds would make a broader range of investments'. The majority of deals will continue to be made in the wind farms sector, but some of Ventus 2 and 3 may also be invested in biomass, hydroelectric or landfill gas projects.

For more information contact the Communications Team

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Climate Change Capital closes twin renewable energy VCTs with £22.3m