Feeds

Oz gov launches $AU200m green energy fund

Softbank, Southern Cross score eco-fee bonanza

New hybrid storage solutions

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Boffins say they've got Lithium batteries the wrong way around
Surprises at the nano-scale mean our ideas about how they charge could be all wrong
Thought that last dinosaur was BIG? This one's bloody ENORMOUS
Weighed several adult elephants, contend boffins
Chelyabinsk-sized SURPRISE asteroid to skim Earth, satnav birds
Space rock appears out of nowhere, buzzes planet on Sunday
City hidden beneath England's Stonehenge had HUMAN ABATTOIR. And a pub
Boozed-up ancients drank beer before tearing corpses apart
'Duck face' selfie in SPAAAACE: Rosetta's snap with bird comet
Probe prepares to make first landing on fast-moving rock
Archaeologists and robots on hunt for more Antikythera pieces
How much of the world's oldest computer can they find?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.