Fortis launches clean energy fund

Fortis is launching a new Clean Energy Fund, which is not authorized for public distribution in Hong Kong. It kicks off with $50 million, courtesy of Fortis seed money and will target an ultimate size of $400 million. The fundÆs objective is to invest in an array of clean energy power generation projects, encompassing wind power, solar, hydro and biomass. It ideally seeks to acquire 100% interests in projects that are either under construction or established with a third party underta…