Bloomberg News

BDC Venture Capital to Invest C$100 Million in Energy, Cleantech

June 20, 2013

BDC Venture Capital, a Montreal-based company with more than $1 billion under management, plans to invest C$100 million ($96.3 million) in energy and cleantech companies in Canada.

BDC will target “capital-efficient ventures” rather than large-scale renewable-energy projects such as utility-scale solar and wind farms, according to a statement today.

“In the energy-efficiency market, there’s so much low-hanging fruit, and substantial room for growth,” Tony Van Bommel, senior managing partner of the company’s Energy/Cleantech Fund, said today in an interview. “These are still extremely big opportunities, but they have the capability to scale.”

The fund has invested in companies developing energy-efficiency technology, biomass power, water-treatment systems and semiconductors.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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