Reliance to invest in Bill Gates-backed clean energy fund

13 November 2020 - 12:00 am UTC

Indian business conglomerate Reliance Industries has agreed to invest up to USD 50m in a US-based clean energy solutions fund – Breakthrough Energy Ventures II – set up by billionaire Bill Gates and other investors.

The fund, registered with the US Securities and Exchange Commission (SEC) earlier this month, aims to raise a total of about USD 870m, according to an announcement today.

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