RWE Innogy, the renewable energy division of Germany-based energy company the RWE Group, and Conetwork Erneuerbare Energien (CEE), the equity investment division of private bank Banke Lamphaus, sealed a venture capital collaboration agreement on Monday. As part of the deal, CEE has paid €25m ($33.8m) for a 22% stake in the Innogy Renewables Technology Fund (IRTF).
With CEE’s investment, the volume of financing in the IRTF is now above $155m with the fund’s portfolio consisting of nine companies. The fund…
