By Renewable Energy Focus staff

The investments will be made through a venture capital fun and targeted renewable energy technologies include wave power, solar photovoltaics (PV), energy storage, green mobility, energy efficiency and off-grid systems.

Gamesa has already made its first investments with 28.7% and 25% stakes in US-based companies SkyBuilt Power and WorldWater & Solar Technologies, respectively.

SkyBuilt Power provides solutions in the renewable off-grid and fixed market, and has developed products that mix solar PV and mini wind technologies.

WorldWater & Solar Technologies markets solutions for the mobile off-grid renewable market, and has developed systems for pumping and purifying water and capturing energy not used for other purposes.