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Source: Reuters
UK investment firm Keydata has become the latest fund manager to turn its attention to niche renewable energy sources in a bid to offer recession-busting returns.
The company said on Monday it was seeking to raise 150 million pounds ($244.1 million) for a new fund investing in small-scale power plants in Europe that generate electricity from wood waste.
The announcement comes after Steve Read, investment manager of the top performing Ventus funds, told Reuters last month he was broadening his renewables portfolio to include more biomass investments because viable wind farm projects are dwindling.
Renewable energy has gained more prominence as an asset class as oil stocks peter out and power demand increases, but wind and solar power have so far dominated the sector.
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