The Chilean renewable energy fund seeks to create a new development model for the local venture capital industry around low-carbon and climate-friendly technologies.
The fund, managed by Renovarum Investment Management, will invest in up to eight small-scale hydropower plants with a total generating capacity of 160MW.
The project’s co-team leader Patricio Lucarelli said by supporting specialized venture capital funds and investment vehicles, MIF plans to create an effective means of combining the energy and financial expertise needed to develop these deals at an early stage and help Chile address its climate and energy challenges.
