SSE, through its wholly owned SSE Ventures business, has sold a portfolio of cleantech investments to Scottish Equity Partners’ new Environmental Energies Fund. As part of the deal, SSE Ventures has become a major partner in the new fund.
The new Environmental Energies Fund (EEF) has acquired nine investments from the SSE Ventures portfolio, all of which are market leaders from across the clean energy spectrum. The fund will have substantial fresh capital available for investment in the portfolio and also has agreement to add up to five further SSE investments to the portfolio in future.
“SEP have a strong track record in helping innovative companies grow and mature,” says SSE’s finance director, Gregor Alexander. “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 EEF.”