| Vattenfall dives inte wave power |
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2009-01-20 10:31:29 Swedish utility Vattenfall made its first foray into wave and tidal power, paying €500,000 ($656,000) for a 51% stake in Irish marine energy site development firm Pandion. Irish wave power developer Wavebob will hold the remaining 49%, though both companies say they are open to more partners in the future. Pandion has applied for a number of prime ocean energy sites along the western coast of Ireland, which it says it can eventually develop to produce more than 250MW once it becomes technically and economically viable. Vattenfall says it is “very probable” it will develop more ocean energy ventures in the UK and Ireland in the future, but adds that both markets require improvements in electrical transmission capacity before it makes any large investments. For more information, read the british article about the take over on http://www.rechargenews.com/energy/wave_tidal_hydro/article169647.ece 
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Save Earth Fund invests in renewable energy, environmental technology and water management through actively managed funds, ETFs and stocks. The fund is the only of its kind in Sweden. Our aim is to generate a return that clearly exceeds that of the MSCI World index, with a lower than the average risk of environmental funds. No minimum investment. The management fee is 1%. Daily subscriptions/redemptions. Mr Carl Bernadotte, Mr Alexander Jansson and Mr Marcus Grimfors are responsible for managing the fund. Learn more about our managers here. |