This brings the total amount of the investment by Good Energies Capital in Agile Energy to $37m.

The company, which is currently focused on photovoltaic projects in North America, over a period of time, intends to develop power projects using non-solar technologies and plans to expand beyond North America.

Agile Energy president and COO Robert Morgan said having an experienced investment partner like Good Energies Capital puts the company in a position to capitalize on many development opportunities in the growing, yet capital intensive, renewable energy industry.