Zurich, Switzerland [RenewableEnergyAccess.com] Swiss Re announces the successful close of the Euro 329 million [US$ 443 million] European Clean Energy Fund, a United Nations accredited investment vehicle that provides capital from institutional investors in Europe, Canada and the U.S. for wind, solar, hydroelectric, geothermal and waste-to-energy projects that generate carbon credits or offer tradable renewable energy certificates. Swiss Re is the anchor investor in the Fund and acts as carbon advisor for the selected projects. The Fund was placed in Europe by Swiss Re’s affiliate, Conning Research and Consulting. TCW, an indirect subsidiary of Societe Generale, is the Fund’s investment manager.
