Investors show confidence in renewables
An investment company dedicated to environmental markets has more than doubled its backing for renewable energy as global confidence in eco-friendly technology surges.As reported by edie last week, investment in renewables is at an all global high of US$30 billion (see see related story).
Now eco-financiers Impax Group plc has announced it has raised a further £60 million for investment in renewable energy and other environmental markets to add to its existing pot of £45 million.
The extra investment reflects a growing interest in eco-technology as renewables and water management innovations are seen as less of a gamble and move towards acceptance into the mainstream fold.
Keith Falconer, chairman, Impax, said: "This fund-raising confirms investor appetite for high growth stocks in the renewable energy, water, waste and other environmental markets.
"It reinforces Impax Group's position as the leading AIM-listed environmental investment manager."
Ian Simm, chief executive of the group added: "Our fund-raising shows that mainstream investors are increasingly aware of the growth opportunities in environmental markets and of our ability to seize these opportunities on their behalf.
"Renewable energy and other environmental companies are rapidly increasing shareholder value because of rising demand for the solutions they provide."
By Sam Bond
© Faversham House Group Ltd 2005. edie news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.