The turbine devices can be designed with low visual profiles and minimal environmental impact. They are also uniquely suited for micro-grid applications, supplying energy to remote communities and other "blue economy" and utility-scale applications. Hydrokinetic energy can also be used for climatological observation, aquaculture, desalination, ocean floor and seawater mining, disaster recovery, powering isolated communities and autonomous underwater vehicle support.
Currently, significant technical and environmental barriers make current hydrokinetic turbine systems prohibitively expensive. SHARKS will fund the development of solutions for hydrodynamics, mechanical structures, materials, hydro-structural interactions, electrical energy conversion systems, control systems, numerical simulations and experimental validations.
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Climate Fund Managers, with the support of the Dutch Development Bank, FMO, and Sanlam InfraWorks, will help Cleantech Solar access prime, long-term institutional capital for future expansion.
Singapore-based Cleantech Solar owns and operates over 120 solar power plants across India and South-East Asia, representing 200 MW of projects, with majority being in operation and remaining under construction and development.
Climate Fund Managers (CFM) is a cooperative established as a joint venture between the Dutch Development Bank, FMO, and South Africa's Sanlam InfraWorks.
Climate Investor One, which has $535 million funds under management, is mandated to finance renewable energy infrastructure projects across Africa, Asia and Latin America with a technological focus on solar, wind and run-of-river hydro. (Source: CleanTech Solar, eco Business, 11 Sept., 2018)
Contact: Climate Fund Managers, Andrew Johnstone, CEO, www.climatefundmanagers.com; Cleantech Solar , www.cleantechsolar.com
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