Portugal-based bank Espírito Santo Group, through its €75m ($97m) venture capital fund Espírito Santo Ventures III, has invested up to €7m in local solar power group MagPower – Soluções de Energia.

Joaquim Sérvulo Rodrigues, chief executive of Espírito Santo Ventures, said: "In our investments, we look for technology-based projects that have the ambition to access the global market. It is remarkable to find one of the few companies in the world developing HCPV [high concentration photovoltaic] systems here in Portugal,…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?