The British Private Equity and Venture Capital Association has announced the launch of an energy, environment and technology group, which will provide guidance and advice to government,
The British Private Equity and Venture Capital Association has announced the launch of an energy, environment and technology group, which will provide guidance and advice to government, investors and companies active in the renewable energy and clean technology sectors.
The BVCA has over 450 member firms, representing the overwhelming number of UK-based private equity and venture capital firms and their advisers.
The new group comprises leading practitioners recognised for their excellence, experience and insight into the renewable energy and clean technology space.
The group’s members are: Pat Burtis, Amadeus Capital Partners; Jamie Kiggen, Blackstone Cleantech Venture Partners; Jonathan Bryers, CT Investment Partners; Donald Fitzmaurice, ePlanet Ventures; Peter Horsburgh, ETF; George Coelho, Good Energies; Tom Murley, HgCapital; Peter Rossbach, Impax; Ben Moxham, Riverstone Holdings; David Sneddon, SEP; Shai Weiss, Virgin; and James McNaught Davis, Wheb.
The group’s experience covers the entire lifecycle of renewable energies and clean technologies, ranging from early stage seed capital and technology development, to later stage venture, private equity and infrastructure investments in renewable power generation.
Murley, the group’s chairman, says: "This group will bring strategic direction and years of experience to the BVCA’s efforts to educate investors and government on cleantech and renewable energy investment opportunities and fundamentals.
‘We will also seek to provide guidance and advice for companies and management teams to enable them to realise their growth potential. By securing the right regulatory and investment frameworks and removing barriers, investment into clean power will flow, creating tens of thousands of new jobs and laying the foundations of a new energy economy essential to combating climate change."
Simon Walker, chief executive of the BVCA, adds: "Investment in renewable energy and clean technologies is a necessity now not a luxury for healthier economic times. Climate change is accelerating, and while the scale of the problem is considerable, so is the investment opportunity.
‘Innovation-intensive businesses will also be central to our efforts in charting a path out of recession. Private equity and venture capital can help forge a new clean energy economy and assist economic recovery by providing the capital and expertise which will allow this nascent industry to flourish."