EDF joins with Idinvest Partners for Electranova Capital fund

EDF has joined with Idinvest Partners to create a venture capital fund called Electranova Capital.

According to EDF, the aim of this fund — endowed with a minimum investment capacity of €60m (£48m) — is to encourage the emergence of innovative projects focusing on new technologies with a view to embracing the challenge of a low-carbon energy model, for both energy production and usage.

The goal of this fund is to finance innovative young companies in the energy sector with strong potential for growth, both in France and in Europe, through minority shareholdings.