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Bill Gates leads $1 bln fund to invest in clean energy
December 12, 2016 / 10:56 PM / a year ago

Bill Gates leads $1 bln fund to invest in clean energy

Dec 12 (Reuters) - Microsoft Corp founder Bill Gates, along with a string of high-profile executives including Facebook Inc Chief Executive Mark Zuckerberg and Alibaba Group Holding Ltd Chairman Jack Ma, are investing more than $1 billion in a clean energy fund.

The fund, Breakthrough Energy Ventures (BEV), will finance emerging energy research to reduce global greenhouse gas emissions to near-zero.

The fund’s investors include Masayoshi Son, founder and CEO of SoftBank Group Corp, LinkedIn Corp co-founder Reid Hoffman, Amazon Inc Chief Executive Jeff Bezos and Virgin Group founder Richard Branson.

The fund is an investment vehicle of the Breakthrough Energy Coalition, an informal club of private investors and institutions from around the world, who have agreed to pump seed money into energy research and development. (Reporting by Anya George Tharakan in Bengaluru; Editing by Shounak Dasgupta)

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