Abu Dhabi’s Masdar Clean Tech Fund and Japan’s SBI Holdings may invest up to $300 million in Japanese alternative energy start-ups through their newly established joint investment fund, Reuters reports.
Masdar and SBI have each contributed $10 million to create the fund, which will invest in “early stage investments in prominent alternative energy-related companies in Japan.” Each firm would receive around $2 million.
SBI officials said they were in talks with Masdar to increase investment to $200 million to $300 million, once the first $20 million fund has been used.
The Masdar initiative of the Abu Dhabi government aims to develop and commercialize clean energy technologies.
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