Klima Energy Transition Fund reaches final close at EUR210mn

Alantra and Enagás have announced that Klima Energy Transition Fund has reached its final close with EUR210 million (US$210 million) in commitments, exceeding its initial objective of EUR150 million (US$150 million).

The European Investment Fund has committed EUR30 million (about $30 million). Institutional investors, energy-related firms, public and European institutions, and family offices are among the other contributors to the Fund.

The Klima fund invests in companies with high growth potential in energy transition sectors such as low carbon solutions, smart power grids, energy storage, renewables and enabling technologies, digitalization of the entire energy equation, energy efficiency in hard-to-abate sectors, and sustainable transportation. The Fund has already made three investments that are geographically and sectorally diverse: the US power generator Mainspring, Swiss weather forecast predictor Meteomatics, and Swedish decentralized integrated solar firm SunRoof.