Climate Fund Managers (CFM) has announced that its renewable energy-focused blended fund, Climate Investor One, has achieved a commercial close on a $102m investment in Norwegian renewable energy firm Release by Scatec. The funds will be used to roll out Release’s unique solar PV and battery solutions to African power utilities and mining companies, reducing energy costs and helping to decarbonise generation. Release’s flexible leasing model offers a viable clean energy alternative in challenging-to-electrify locations, with its modular technology allowing for gradual increases in power needs. The investment will help accelerate Release’s growth potential and drive synergies in the next phase of the company’s development.
Resource: https://esgnews.com/cfm-announces-102-million-investment-in-solar-tech-firm-release-by-scatec/