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Gamesa to invest €50m in renewable energy companies

Gamesa will invest up to €50 million over the next five years to buy stakes in companies developing promising renewable energy technologies.

By Renewable Energy Focus staff

The investments will be made through a venture capital fun and targeted renewable energy technologies include wave power, solar photovoltaics (PV), energy storage, green mobility, energy efficiency and off-grid systems.

Gamesa has already made its first investments with 28.7% and 25% stakes in US-based companies SkyBuilt Power and WorldWater & Solar Technologies, respectively.

SkyBuilt Power provides solutions in the renewable off-grid and fixed market, and has developed products that mix solar PV and mini wind technologies.

WorldWater & Solar Technologies markets solutions for the mobile off-grid renewable market, and has developed systems for pumping and purifying water and capturing energy not used for other purposes.

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PortableSolarPower said

23 December 2011
Man they are throwing in tons of money to further push PV into the future! Very good news.

Ryan @ www.PortableSolarPower.Biz

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