Total to launch US$400m Total Carbon Neutrality Ventures (TCNV) fund
Total announces a plan to focus global venture fund on fostering carbon neutrality. The Total Carbon Neutrality Ventures (TCNV) fund will increase its capital to a cumulative US$400 million within five years’ time. Its investments will support start-ups that develop innovative technologies and solutions which help companies to reduce their energy consumption or the carbon intensity of their activities.
TCNV will invest globally, with teams based in Europe and the U.S., focusing on areas such as smart energy, energy storage, smart mobility, bioplastics, and recycling.
The fund builds on Total Ventures’ existing portfolio of 35 global start-ups that directly and indirectly contribute to carbon neutrality. That portfolio includes Solidia, Sunfire, Scoop, Shyft Power Solutions, Ionic Materials, MTPV, AutoGrid, Stem and OnTruck.
Country updates
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October 28, 2019
The Carlyle Group raises EUR6.4 bn for Carlyle Europe Partners V
Global investment firm The Carlyle Group has raised EUR6.4 billion (US$7.09 billion) for its latest Carlyle Europe Partners fund, exceeding its target by almost EUR1.0 billion (US$1.11 billion). In to...
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October 28, 2019
Brentwood Borough awards mixed-use development project to Morgan Sindall
Brentwood Borough Council has awarded the concession contract to Morgan Sindall Group for the planned mixed-use development project with an estimated investment of about GBP1 billion (US$1.282 bi...
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October 28, 2019
RFQ to be issued this week for USD1.3bn road project in USA
The Georgia Department of Transportation (Georgia DOT) is set to launch a Request for Qualifications for the planned I-85 Widening Phase 2 Project in Jackson County, Georgia on November 11.
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October 25, 2019
First State Investments completes acquisition of Patriot Rail and Ports
First State Investments (FSI) announced that it has completed its acquisition of 100% of the equity of Patriot Rail and Ports from SteelRiver Infrastructure Partners, an independent investment manager...
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October 24, 2019
Tender launched for development of mixed-use project in Kent
The Medway council in the UK has launched a tender seeking a development partner to work in partnership with the Council to develop the former Civic Centre site at Strood Waterfront, Medway, Kent.&nbs...
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