Branson’s Virgin Green Fund raising $395 million for renewable fuel investment

In the UK, Sir Richard Branson’s Virgin Green Fund is raising $395 million, and has received an $115 million infusion from the celebrated entrepreneur himself, while other major investors are being sought for the new fund, which will close in October.

The fund, based in San Francisco and London, expects to make investments into renewable energy, with returns up to 30 percent.

Branson has invested in biobutanol with Gevo, as well as GreenRoad Technologies, focused on reducing fuel usage, and has invested #3.2 million in the Carbon War Room, a New York-based environmental incubator.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Gevo secures $17 million from Burrill & Co and Malaysian Life Sciences in third round

In California. Gevo announced that Burill & Co and Malaysian Life Sciences Capital Fund have joined a $17 million third round of financing that closed this week, joining Vinod Khosla's Khosla Vent...

Green Plains, Indiana Bio-Energy merger heads to shareholders for OK

In Nebraska, the proposed merger between Green Plains Renewable Energy Inc. and VBV, majority owner of Indiana Bio-Energy has been submitted to shareholders for approval. Iniania Bio-Energy commence o...

Oilcorp Berhad readies $22 million investment in Renewable Fuel Corp for shareholder approval

In Nevada, Renewable Fuel Corp announced a strategic investment from Oilcorp Berhad (Oilcorp) that will be voted on in the next few weeks by Oilcorp's shareholders. The investment, valued at $22 milli...

$150 million fund established for short, mid-term Latin American bioenergy financing

In Brazil, the Inter-American Development Bank announced that it will provide a senior loan of $75 million for a fund that will make short-term trade financing and mid-term investment loans to sugar a...

$150 million fund formed to provide short, mid-term financing for Latin American bioenergy

In Brazil, the Inter-American Development Bank announced that it will provide a senior loan of $75 million for a fund that will make short-term trade financing and mid-term investment loans to sugar a...

Ecodiesel makes $3.3 million debt offer to fund expansion of New Zealand tallow biodiesel plant

In New Zealand, NBR is reporting that Ecodiesel is raising $3.3 million to take its tallow biodiesel plant from pilot to commercial scale. The project developers said that they would eventually raise ...