BVCA, the British industry body for private equity and venture capital, has launched a new energy, environment and technology group.

BVCA, the British industry body for private equity and venture capital, has launched a new energy, environment and technology group; a body that will advise the government, investors and companies involved in the renewable energy and clean technology markets.

The new initiative has been introduced to help create a regulatory and investment framework for green energy ventures and lay the foundations for a new energy economy, the BVCA said.

Renewable energy and cleantech expert investors Jamie Kiggen
of Blackstone Cleantech Venture Partners, Ben Moxham of Riverstone Holdings and George Coelho of Good Energies are involved in the project. The group’s experience ranges from early-stage seed capital and technology development, to later-stage venture, private equity and infrastructure investments in renewable power generation.

Tom Murley, chairman of the energy, environment and technology group, said: “We will seek to provide guidance and advice for companies and management teams to enable them to realise their growth potential.”

Simon Walker, chief executive of the BVCA, said: “Investment in renewable energy and clean technologies is a necessity now, not a luxury, for healthier economic times. Climate change is accelerating, and while the scale of the problem is considerable, so is the investment opportunity.”