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17 Oct 2018

Commissioner Moedas and Bill Gates launch €100 million clean energy fund

photo credit: European Commission

On 17 October 2018, the European Commission and Breakthrough Energy signed a Memorandum of Understanding to launch a joint new investment fund – Breakthrough Energy Europe – to help innovative European companies develop and bring radically new clean energy technologies to the market. In the presence of Vice-President Maroš Šefčovič, Research and Innovation Commissioner Moedas and Bill Gates, Chairman of Breakthrough Energy Ventures, signed the Memorandum of Understanding to establish the joint fund. With a capitalisation of €100 million, Breakthrough Energy Europe aims at giving a strong signal to markets and investors towards a global transition to a modern clean economy. With this initiative, the fight against climate change and to deliver on the Paris Agreement will be continued.

For more information:

EC - press release

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