Swiss Re closes European Clean Energy Fund

The fund, a UN accredited investment vehicle, provides capital to European clean energy projects, which are environmentally beneficial, generate carbon credits or tradable renewable energy certificates.

The European Clean Energy Fund raised €329million from institutional investors in Europe, Canada and the United States. It provides mezzanine and equity capital to a host of environmentally-friendly initiatives, including wind, solar, hydro-electric, geothermal and waste-to-energy projects.