The money secures CEE a 22% share in the RWE-managed Innogy Renewables Technology Fund 1 (IRTF1). With RWE chipping in another €25m of its own, the fund’s volume has now been lifted to €115m.
IRTF1 currently holds equity stakes in nine companies, including UK micro-turbine maker Quiet Revolution, German organic PV cell start-up Heliatek, Dutch biomass player Topell Energy, and tidal-stream manufacturer Voith
