Energea Global LLC, a renewable energy investment manager, has announced the creation of ‘Solar in the U.S.A.,’ a retail investment portfolio that will enable both small and large shareholders to invest in high-yielding solar projects located in the United States.
Energea, with 14,000 combined operational projects across 23 U.S. states and 3 continents, and $720 million capital raised, connects investors to premium renewable energy projects in order to accelerate renewable energy development in select global markets. Traditionally, these opportunities have been reserved for institutional financiers, but there is a significant opportunity to bring renewable energy investing to the masses as the effects of global warming intensify and the cost of renewable energy declines.
The company currently manages more than $100 million in renewable energy projects which generate more than 70 MW of carbon-free energy. Its online investment platform is accessible to any U.S. investor, unlocking a crucial source of capital to combat climate change.
The Solar in the U.S.A. portfolio complements Energea’s ultra-high-yielding (with an estimated yield of 16.5 percent) Brazilian portfolio and is available to any U.S. investor 18-years-of-age or older. The minimum investment is $100 and can be directly initiated at the company’s website.
Through this portfolio, investors will be able to acquire equity in two domestic solar projects, a 300 kilowatt power plant at West Elementary School in New Canaan, Connecticut and a 540-kilowatt plant on an industrial roof in Waltham, Massachusetts. Power generated at the elementary school is contractually sold to the town of New Canaan while Eversource Energy has signed a long-term purchase agreement to acquire the power generated by the Waltham project.
Energea has additional renewable energy projects throughout the Northeast and Virginia currently in the pipeline that will be folded into the portfolio in the future. The company’s Solarize Africa portfolio, with a combination of solar and storage projects, will be made available for investing soon, according to the company’s website.
“This new portfolio is one of the only investment vehicles that offers investors concerned about global warming the opportunity to invest in and collectively own carbon-free energy generation projects that are located in the United States,” said Mike Silvestrini, Energea’s managing partner.
CPP Investments appoints new head of private equity – Investment Executive
Patrick Pichette is a partner with Inovia Capital, which participated in Wealthsimple’s latest fundraising round
- By: IE Staff
- July 27, 2021
July 27, 2021
Sharon Kozicki will take on the role on Aug. 2
The former governor of the Bank of Canada and the Bank of England said he’s focused on the UN climate conference
Anna Murray will oversee ESG investment strategies for the firm’s institutional clients
- By: IE Staff
- July 20, 2021
July 20, 2021
European Investment Fund puts $30M in Fabric Ventures’ new $130M digital assets fund – TechCrunch
Despite their rich engineering talent, Blockchain entrepreneurs in the EU often struggle to find backing due to the dearth of large funds and investment expertise in the space. But a big move takes place at an EU level today, as the European Investment Fund makes a significant investment into a blockchain and digital assets venture fund.
Fabric Ventures, a Luxembourg-based VC billed as backing the “Open Economy” has closed $130 million for its 2021 fund, $30 million of which is coming from the European Investment Fund (EIF). Other backers of the new fund include 33 founders, partners, and executives from Ethereum, (Transfer)Wise, PayPal, Square, Google, PayU, Ledger, Raisin, Ebury, PPRO, NEAR, Felix Capital, LocalGlobe, Earlybird, Accelerator Ventures, Aztec Protocol, Raisin, Aragon, Orchid, MySQL, Verifone, OpenOcean, Claret Capital, and more.
This makes it the first EIF-backed fund mandated to invest in digital assets and blockchain technology.
EIF Chief Executive Alain Godard said: “We are very pleased to be partnering with Fabric Ventures to bring to the European market this fund specializing in Blockchain technologies… This partnership seeks to address the need [in Europe] and unlock financing opportunities for entrepreneurs active in the field of blockchain technologies – a field of particular strategic importance for the EU and our competitiveness on the global stage.”
The subtext here is that the EIF wants some exposure to these new, decentralized platforms, potentially as a bulwark against the centralized platforms coming out of the US and China.
And yes, while the price of Bitcoin has yo-yo’d, there is now $100 billion invested in the decentralized finance sector and $1.5 billion market in the NFT market. This technology is going nowhere.
Fabric hasn’t just come from nowhere, either. Various Fabric Ventures team members have been involved in Orchestream, the Honeycomb Project at Sun Microsystems, Tideway, RPX, Automic, Yoyo Wallet, and Orchid.
Richard Muirhead is Managing Partner, and is joined by partners Max Mersch and Anil Hansjee. Hansjee becomes General Partner after leaving PayPal’s Venture Fund, which he led for EMEA. The team has experience in token design, market infrastructure, and community governance.
The same team started the Firestartr fund in 2012, backing Tray.io, Verse, Railsbank, Wagestream, Bitstamp, and others.
Muirhead said: “It is now well acknowledged that there is a need for a web that is user-owned and, consequently, more human-centric. There are astonishing people crafting this digital fabric for the benefit of all. We are excited to support those people with our latest fund.”
On a call with TechCrunch Muirhead added: “The thing to note here is that there’s a recognition at European Commission level, that this area is one of geopolitical significance for the EU bloc. On the one hand, you have the ‘wild west’ approach of North America, and, arguably, on the other is the surveillance state of the Chinese Communist Party.”
He said: “The European Commission, I think, believes that there is a third way for the individual, and to use this new wave of technology for the individual. Also for businesses. So we can have networks and marketplaces of individuals sharing their data for their own benefit, and businesses in supply chains sharing data for their own mutual benefits. So that’s the driving view.”
Video Game Industry Sets More Investment, M&A Records In Second Quarter – Forbes
Dealmaking in the video game business continued at a record level in the second quarter, with $18.2 billion in mergers & acquisitions, and another $7.4 billion in investments, according to the latest quarterly update to the DDM Game Investment Review.
The hot market continues a year and a half of heavy investor interest in the booming game sector, estimated to be worth more than $160 billion worldwide. The combined first two quarters of 2021 have already doubled the full-year record set in 2020 for M&A and nearly doubled the 2020 total for investments, according to Digital Development Management, the consultancy that created the review and which tracks game-specific dealmaking in Western markets.
Nearly 70 mergers and acquisitions populated the quarter, for a disclosed value of more than $18.2 billion. Though the volume of deals was only 87 percent the level of Q1, the value involved nearly doubled first quarter totals, and was the biggest quarter in DDM’s decade of data. More than half the deals were of game developers and publishers.
The biggest deals were reverse mergers that brought IronSource and PlayStudios into the public sector, as well as Electronic Arts
big purchase of Glu Mobile
, and Embracer Group’s acquisition of high-profile game developer Gearbox Software. Those deals comprised $15.7 billion, 86 percent of the M&A total for the quarter.
The biggest investment of the quarter was Epic Games’ $1 billion late-stage round, held just as the company was headed into an antitrust trial against Apple
over App Store policies. The raise valued Epic, which makes Fortnite and the Unreal game engine used in production by many game and even Hollywood studios, at $28.7 billion.
That single deal comprised 15 percent of DDM’s estimated investment totals for the quarter, and was bigger than the next nine largest deals combined. The DDM totals include an estimated $700 million in undisclosed investments. The company said it estimates the undisclosed deal amounts based on historic patterns and data from a decade of tracking the industry.
Seed-round investments were most common in the quarter, 43 of the total, as startups successfully found backers. The most common sectors getting money were grouped under mobile and tech/other (that included the Epic investment).
The game business has boomed in just about every sector during the pandemic, from mobile to PC, though some esports organizations were hit financially by the loss early on of live events that were a crucial part of their business models. The business also has boomed with the rise of virtual-reality gaming, and the launch of new consoles from Microsoft and Sony, as well as the launch of cloud-based gaming services.
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