BRUSSELS, Feb 11 (Reuters) - Junction Growth Investors, an investment firm focusing on supporting companies involved in addressing climate change, announced on Tuesday that it successfully raised 115 million euros ($119.8 million), underscoring the persistent interest of investors in this sector.
Despite President Donald Trump's directive for the United States to , there is a continued influx of funds into green energy initiatives. Just last month, firmly communicated its dedication to renewable energy.
Headquartered in Belgium, Junction Growth Investors disclosed that significant contributors to its fundraising effort included Keeling Capital, BNP Paribas Fortis Private Equity, the EU's European Investment Fund, and the Belgian Growth Fund.
Among the companies receiving support from Junction Growth Investors are Belgian grid firm Ampacimon and Portuguese company Eneida, both working towards establishing low-emission neighborhoods through innovative grid solutions.
"Climate change is progressing unabated, impacting societies and personal finances. However, the shift towards sustainable energy is not just about addressing climate change," emphasized Dirk Dewals, managing partner at Junction Growth Investors.
"It also signifies a critical opportunity for Europe to diminish its reliance on geopolitically sensitive fossil fuels and foster the growth of European technological pioneers with global prominence, like Ampacimon, with half of its current orders originating from the United States," Dewals added.
($1 = 0.9601 euros)