Dubai Investment Fund (DIF), one of the world’s largest independent international investment funds and asset managers, announced its investment into five projects aimed to developing renewable energy sources in Australia and Europe.
The fund has been expanding its investment strategies, to include more environmentally friendly and clean technologies, whose importance will definitely rise in the future.
Details of the Investment
The projects that DIF will support, encompass various regions and communities:
- Two of the start-ups are solar power plants for local communities of Australia, utilizing the unique weather conditions of the region to improve the energy supply in the area. The project will generate about 300 megawatts of solar energy in its initial stage.
- Two more projects will be developed in Europe. These are an innovative wind power plant in Germany and a solar power plant in Spain, which are expected to exceed 125 MW each.
- Another one is dedicated to improving energy storage methods. Ensuring safe and effective energy storage is the key part of expanding alternative energy sources. The energy storage with a capacity of 100 MW will be used along with the wind and solar power plants mentioned above.
The technological and geographical variety of the projects ensures, that they will develop and grow independently, thus increasing the stability of the potential profits.
The investment plans described above are a part of the long-term strategy of DIF to support promising and innovative research projects. “One of the core principles of DIF is investing into developing technologies, which will make people’s lives better in the future, and will create a possibility for a safer and sustainable environment,” – explains Ryan Smith, Head of Global Strategy and Investment Operations at DIF.