The explosion at a natural gas-fired power plant under construction on Sunday killed at least five people and injured 12. The plant, located in Middletown, Conn., is owned by Kleen Energy Systems, a special purpose company owned by Energy Investors Funds (EIF), an energy-focused private equity fund with substantial investments in renewable energy. Read More »
European venture capital fund WHEB Ventures has raised £90 million ($146 million) for its second clean energy-focused fund. The firm plans to close the fund by year-end, having raised £150 million.
New investors included two funds managed by the European Investment Fund, which stepped in with a combined £21 million investment. WHEB, founded in 2002, raised its first fund of £24 million in May 2005.
Simultaneously, WHEB also announced the hiring of Alexander Domin of Boston Consulting as an associate in the firm’s Munich office.
