German wind developer P&T Technologie and international financial service provider Matrix Global Investments are taking stakes in one another. P&T of Hamburg will acquire 20% of Matrix, with Matrix taking a 7% stake in P&T by the end of 2003. One of Matrix's financial products is an ethical renewable energy fund, Veritas Energy (also known as the Noble 111 Fund) set up in November. P&T Technology is the supplier of turnkey wind stations financed through the fund, with construction underway on the first two P&T wind projects in Poland and Greece.
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Senior Renewable Energy Analyst (WindGEMINI Product Lead) DNV GL Bristol (City Centre), City of Bristol