SWEN Capital Partners, an investment management firm, led a $32m funding round in Newheat, a solar energy equipment supplier, with participation from Noria, Bpifrance, Etchart Group and Holdheat. “We are convinced that tomorrow’s energy mix will include renewable heat and it is clear that Newheat is one of the most advanced and relevant players to meet this challenge thanks to its positioning and expertise. We are delighted to support them in achieving the ambitious targets they have set themselves,” Olivier Aubert, Managing Director SWEN Capital Partners.