(SeeNews) - Oct 25, 2013 - The eastern French region of Rhone-Alpes announced yesterday that it plans to set up a venture capital company, with resources of EUR 9 million (USD 12.4m) in private and public funds, for the development of renewable energy projects.<br /> The initiative, to be voted by the regional council on Friday, will generate total investments of some EUR 100 million, according to the region.<br /> Some 15 projects in the solar, wind power and anaerobic digestion sectors are seen to be financed in the next three years.