Empower Fund reaches threshold commitment
- 27 Sep 2019
A renewable energy impact fund headed by former Scatec Solar head of business development Terje Osmundsen has reached its $8m first threshold commitment. Empower Invest will invest equity in 1-10MW renewable projects in developing countries, using a fund-based model to overcome the challenges of project financing smaller schemes. The series A share issue will allow Empower to invest in its first four to five projects. A $40m series B issue is planned for 2020.
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