RWE Generation backs HTGF III

Oscar Geen
20 October 2017

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German energy company RWE Generation has announced a seven-digit commitment to High-Tech Gründerfonds' €310m fund HTGF III.

RWE said that the investment is strategic and it will provide input to investor committees, as well as scouting for further collaborations and co-investment opportunities.

HTGF recently announced it has raised the target for its latest vehicle to €310m and tweaked its investment terms. It held a first close on €245m in May.

RWE Generation employs 16,000 people and generated a €3.23bn adjusted EBITDA from €23.3bn in revenues in the first six months of 2017.

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