Scotland, Par Equity and Senergy to Launch £50M Investment Fund for Renewable and Power Sources

Edinburgh-based venture capital firm Par Equity is partnering with energy consultancy Senergy to launch a £50m investment fund for renewable power sources.

The two organizations will start ­raising cash early next year. The new Par Sustainability Fund 1 is targeting institutional investors, aiming for closing within six to nine months.

According to reports, Senergy Alternative Energy will take an initial stake between 10% and 20%.

The new fund will focus on Scottish and European companies involved in onshore and offshore wind and ­geothermal technologies, waste-to-energy and recycling making investments of up to £5m at a time. 



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