A London-based green investment firm, Earth Capital Partners (ECP), aiming to create a €750 million ($1 billion) renewable energy fund, announced this last week that it had reached its first round fund-raising target. By November 2010, it hopes to reach its total goal of €750 million.
The company is happy with this progress and believes there is demonstrated investor interest in this topic now. Even without an international, legally binding agreement to reduce greenhouse gas emissions and promote clean energy, investors are moving forward on this.
With the amount of capital ECP is raising, what types of energy this investment firm is specifically interested in is important. They seem to be aiming at specific sectors of the market.