LONDON Jan 9 SSE Ventures, the venture
capital arm of British utility SSE Plc, has transferred
its clean technology investments into a new 95 million pound
($146 million) fund, it said on Monday.
The fund will be managed by British venture capital firm
Scottish Equity Partners, which will partner with SSE and four
The Environmental Energies Fund has acquired nine clean
energy investments from SSE Ventures' portfolio, including wave
energy company Acquamarine Power.
The fund will have "substantial fresh capital available" for
investment and has agreed to add up to five further SSE
investments to the portfolio in future, SSE said.
"We continue to believe that cleantech companies have an
important role to play in developing new technologies and that
is why we continue to be involved as a major partner in the
(fund)," SSE finance director Gregor Alexander said.