Norway announced that it is letting its sovereign wealth fund World Wildlife Fund (WWF) lead a major investment in the renewable energy sector of the country to reduce greenhouse gas emissions.
Sovereign wealth funds
Varun Beverages to expand in Africa and South Asia with USD300 million investment
Varun Beverages planned to invest USD300 million for a business expansion in South Asia and Africa, reported Ventures Africa.
US-based solar-panel robotics startup Brittmore bags $1M in government grant
San Jose, US-based solar-panel robotics startup Brittmore Group bagged $1 million in a recent grant from the Department of Energy to automate the construction of solar power plants.
Singapore's sovereign wealth fund GIC backs Intelligent Energy Holdings with $63M
GIC, a sovereign wealth fund in Singapore that manages its foreign reserves, has supported UK-based Intelligent Energy Holdings with $63 million, a statement about the funding said.
US Energy Department awards $17M to clean energy businesses
The US Office of Energy Efficiency and Renewable Energy (EERE) awarded $17 million to clean energy businesses across 13 states to tackle the big problem of energy consumption.
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The government of Quebec approved a $10-million equity investment in Montreal, Canada-based alumina producer Orbite Alumniae Inc, with the funds coming from the government's financing arm Investissement Quebec.
Councillors of the city of Kitchener in Ontario, Canada have agreed to shell out $1 million for the next five years to help owners of underused spaces turn their properties into a new landing pad fro startups just out from incubators.
Berlin, Germany-based solar energy startup Changers closed $1.5 million in a Series A funding round led by state-backed fund BFB Frühphasenfonds Brandenburg to turn solar power creation into a rewarding game.
Small business loan online marketplace Funding Circle obtained a £40M investment from the UK government to allow the company to continue providing loans to small and medium-sized businesses (SMBs) in the country.
Eigg, a small island which is part of Scotland's Hebrides archipelago, wants to be the world's first 100% renewable energy place by replacing current diesel generators with a network of wind turbines, hydroelectric plants, and solar panels as sources of electricity.
The uncertainty of the US government on what to do with the Bitcoins it has confiscated from the Silk Road raid in October last year has already cost it paper losses amounting to $31 million, The New York Post reported.
Hedge funds planning to participate in the bond offering of Puerto Rico are asking the commonwealth to raise enough capital to last for two years and give up its sovereign immunity, according to sources interviewed by Bloomberg.
State-backed fund Innovation Network Corp of Japan (INCJ) entered an agreement to pick up a 20% stake in Kyoto-based robotic hand maker Squse Inc for JPY500 million ($4.9 million), according to three sources familiar with the matter.
According to economists, the poor jobs report will most likely not prevent the Federal Reserve from proceeding with the trimming of its monthly bond purchases, Bloomberg reported.
