Cleantech
Counting on cleantech
Private equity dollars have flooded into China’s renewable energy sector, but should investors hedge their bets?
Chongqing approves Infinity Group for QFLP program
Israeli-China focused private equity firm Infinity Group has reportedly been approved by the Chongqing municipal government for the Qualified Foreign Limited Partner (QFLP) program, enabling the firm to convert foreign currency into yuan for onshore investments.
Tech-, clean energy-focused IPV closes second fund above target
Chinese venture firm IPV Capital has completed the close of its second technology- and cleantech-focused fund at $125 million, above its intended target.
ADB invests $60 million in cleantech funds
The Asian Development Bank (ADB) will launch three venture capital funds targeting investments into cleantech developments, committing $20 million apiece to Aloe Environment Fund III, Keytone Ventures II and VenturEast Life Fund III for total of $60 million.
Toshiba beats PE to acquire Landis+Gyr
Japanese electronics giant Toshiba Corporation is set to wholly acquire utility meter-reading developer Landis+Gyr AG from Australian investment firm Bayard Capital for $2.3 billion, out-bidding private equity suitors TPG and EQT Partners.
Indian renewable energy fund appoints MD
Energy-focused PE fund Nereus Capital has named Rajesh C. Managing Director, charged with driving investments in new and existing target areas linked to renewable energy.
Australian government boosts renewable energy focus
The Australian government has upped its backing of the country’s renewable energy category via A$100m ($106 million) investment into the Renewable Energy Venture Capital Fund (REVCF), allocated from the federal budget.
IFC considers $20m investing in Tsing Capital
International Finance Corporation (IFC), the investment arm of The World Bank, has proposed a $20 million add-on investment in Tsing Capital, which claims to be the first cleantech-focused venture capital firm in China.
IFC finances Indian cleantech project
IFC, the investment arm of the World Bank Group, has provided a $16 million loan to Gamesa Wind Turbines to fund the construction of a turbine-manufacturing facility, marking its first foray into India’s wind turbine sector.
TPG to invest $150m in solar energy firm
TPG Capital may invest up to HK$1.2 billion ($150 million) for an approximate 21% stake in solar wafer manufacturer Comtec Solar Systems Group, marking the PE firm’s first foray into China’s solar-energy segment.
CapAsia goes to Pakistan for wind energy
CapAsia, a joint venture private equity fund manager between CIMB Group and Standard Bank Group, has announced a $20.5 million investment into two wind parks in Pakistan. The capital will be deployed from its Islamic Infrastructure Fund (IIF). The assets...
CapAsia invests in renewable energy in Pakistan
CapAsia, a joint venture private equity fund manager between CIMB Group and Standard Bank Group, has announced a $20.5 million investment into two wind parks in Pakistan. The capital will be deployed from its Islamic Infrastructure Fund (IIF). The assets...
IFC invests in Indian wind power group
The World Bank’s IFC has continued its investment run in India, announcing that it will inject $15 million into power producer Simran Wind Project Private Limited, used for the company’s expansion.
Origo ups capital in Unipower Battery
China-focused Origo Partners will commit $15 million to electric-vehicle battery maker Unipower Battery as part of a $22 million convertible note offering, coming as the second capital injection from the PE firm into the company in less than a year.
Affinity and Unitas to exit Chinese cleantech firm
Affinity Equity Partners and Unitas Capital are reportedly planning to sell Beijing Leader & Harvest Technologies Co., an energy-saving company based in China, according to a Reuters report, noting that the deal may be worth up to $500 million.
Silver Lake, Soros Fund team for clean energy vehicle
Tech-focused Silver Lake has partnered with Soros Fund Management to launch a clean energy fund - Silver Lake Kraftwerk – which will make investments out of the PE firm’s Silicon Valley and China offices. The size of the fund has not been disclosed.
Dragon Capital clean energy PIPE in Laos
Laos’ position as an investment destination has been improved this week as state-backed Electricite du Laos Generation (EdL Gen) received its second private equity investment in so many weeks, with Dragon Capital purchasing $3.36 million worth of shares...
Blackstone investee buys Norwegian firm
China National Bluestar, a government-run chemicals firm backed by the Blackstone Group, is set to purchase Elkem, a Norwegian maker of silicon and renewable energy products for $2 billion, marking one of the largest acquisitions of a European company...
Infinity Group leads $14.3 million investment in Chinese heat-exchange firm
Tel Aviv-headquartered Infinity Group has led a $14.3 million investment into China’s THT Heat Transfer Technology, Inc. The RMB fund pioneer and cross-border specialist will invest $9 million with the remaining capital to be provided by MC Capital,...
The cleantech sector: renewable?
A challenging year has taken much of the wind out of the clean/green sails, but activity continues, especially in renewable energy
ADB announces two new clean energy fund investments
The Asian Development Bank has announced investments of $20 million each in two new Asia-focused clean energy funds: the Clean Resources Asia Growth Fund, backed by CLSA Capital Partners, and the Renewable Energy Asia Fund, supported by UK-headquartered...
ADB to invest India renewable energy JV
The Asian Development Bank has announced a JV agreement with India's NTPC Ltd. and Japan's Kyushu Electric Power Company to develop and operate 500MW of renewable power projects in India, and to invest up to $40 million for 25% of the operating company.
Sino-Century China Private Equity Fund-backed Solar Company debuts on SZSE
Sino-Century China Private Equity Fund-backed Chaori Solar listed on the Shenzhen Stock Exchange on Nov 18th, raising RMB2.38 billion ($352 million).
ADB to invest $20 million in AmInvestment's Asia Water Fund
The Asian Development Bank (ADB) has announced that it will be committing $20 million to the Asia Water Fund, a vehicle backed by AmInvestment Group of Malaysia targeting investments into water and wastewater assets in mainland China and Southeast Asia.