“The collaboration platform that President Clinton’s vision created has facilitated CMEA’s ability to forge important strategic relationships with like-minded partners, who have invested significant capital alongside CMEA in alternative energy companies,” said Jim Hornthal, venture partner at CMEA and CGI Member. “CGI brings together a critical mass of global change-makers, and we are proud to be a small part of this important movement.”
CMEA Capital has already invested in fourteen alternative energy companies over the past seven years and helped to create nearly twenty-thousand jobs in the process. As part of its initial 2007 commitment to CGI to invest $100 million in alternative energy, CMEA helped fund several companies that have created much-needed manufacturing and green collar jobs in the US.
“The alternative energy sector is finally ready to take off. For the first time in history, environmentally-friendly methods for producing energy like solar and wind power are becoming inexpensive enough to make mainstream adoption a reality instead of just a pipe dream,” said Thomas Baruch, Founder and Managing Director, at CMEA Capital. “With the right financing, this sector has the potential to get our economy out of the doldrums by providing millions of new jobs while simultaneously combating our reliance on fossil fuels.”
