Renewable Energy Venture Capital Fund
ARENA’s Renewable Energy Venture Capital Fund Programme was created to provide venture capital and active investment management to encourage the development of Australian companies that are commercialising renewable energy technologies.
The Southern Cross Renewable Energy Fund (Fund) established under the Programme is a Co-investment between ARENA and Softbank China Venture Capital, with each providing half of the committed capital to the Fund. The Fund has committed capital of up to $120 million and is managed by private sector fund manager, Southern Cross Venture Partners Pty Ltd.
The Southern Cross Renewable Energy Fund provides management expertise and makes equity investments in early-stage renewable energy companies to help them overcome capital constraints, develop technologies, increase skills and forge international connections.
Investments by the Southern Cross Renewable Energy Fund
|Commercialisation of high-performance anti-reflective coatings to be applied to solar panels to make them more efficient||Brisbane Materials Holdings Inc||$3,500,014||Active|
|Commercialisation of a hydrogen storage technology which will enable a new renewable energy storage solution||Hydrexia Pty Ltd||$6,380,766||Active|
|Deployment of solar integration system into the Australian market||Sunverge Energy||$13,951,502||Active|
|Development of a new cost effective liquid battery technology to enable 24/7 renewable electricity||Boulder Ionics||$528,320||Exited|
|Development of a competitive cost position in PV manufacturing, sales and distribution in the Australian market||UCT Australia||$5,344,638||Exited|
|Development of advanced lithium-ion battery storage solutions for Australian and global markets||Octillion Power Systems Australia||$6,423,550||Active|
|Development of an innovative electricity retailing business model||Mojo Power Holdings Pty Ltd||$5,000,002||Active|
How to make an investment proposal to the Southern Cross Renewable Energy Fund
Southern Cross Venture Partners makes all investment decisions using its own investment criteria. For more information about the Southern Cross Renewable Energy Fund please contact: