Dubai Investment Fund (DIF), one of the world's largest independent international investment funds and asset managers, has invested in five projects aimed at developing renewable-energy sources in Australia and Europe.
DIF is expanding its investment strategies to include more environmentally friendly and clean technologies. The projects that DIF will support encompass various regions and communities and include two power plants for local communities in Australia, generating some 300 megawatts of solar energy in the initial stage; a wind power plant in Germany and a solar power plant in Spain, which are expected to exceed 125 megawatts each; and an energy-storage project with a capacity of 100 megawatts.
“One of the core principles of DIF is investing into developing technologies, which will make people's lives better in the future and will create a possibility for a safer and sustainable environment,” said Ryan Smith, head of global strategy and investment operati
