Feeds

Oz gov launches $AU200m green energy fund

Softbank, Southern Cross score eco-fee bonanza

Build a business case: developing custom apps

Southern Cross Venture Partners has been appointed the lead fund manager of a $AU200 million renewable energy venture capital fund, Australia’s largest to date.

The fund is expected to commence on 1 January 2012 and will be based in Sydney with additional offices in Palo Alto and Shanghai and a network of contacts and investment relationships across the three regions.

The Southern Cross Renewable Energy Fund is a 13-year co-investment arrangement established byt by the Australian Government, Southern Cross Venture Partners (SXVP) and Softbank China Venture Capital (SBCVC).

The Australian Government tipped in $AU100 million, which has been matched dollar for dollar by Asian VC giant SBCVC.

The fund aims to support Australian renewable energy start-ups with early stage investment in the $AU2 million to $AU5 million range.

Minister for Resources and Energy Martin Ferguson said “this fund will provide capital finance and active management to help promising Australian renewable energy companies achieve commercial success in Australia and overseas markets.”

SXVP and SBCVC previously collaborated on the $AU40 million Southern Cross IIF Fund, under the Australian Government’s Innovation Investment Fund program, administered by AusIndustry, which invests in a broad range of technologies. ®

Boost IT visibility and business value

More from The Register

next story
Just TWO climate committee MPs contradict IPCC: The two with SCIENCE degrees
'Greenhouse effect is real, but as for the rest of it ...'
Asteroid's DINO KILLING SPREE just bad luck – boffins
Sauricide WASN'T inevitable, reckon scientists
Brit amateur payload set to complete full circle around PLANET EARTH
Ultralight solar radio tracker in glorious 25,000km almost-space odyssey
Boffins spot weirder quantum capers as neutrons take the high road, spin takes the low
Cheshire cat effect see neutrons and their properties walk different paths
NASA Mars rover FINALLY equals 1973 Soviet benchmark
Yet to surpass ancient Greek one, however
Famous 'Dish' radio telescope to be emptied in budget crisis: CSIRO
Radio astronomy suffering to protect Square Kilometre Array
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.