Cleantech
Armstrong commits $40m to Mekong region wind, solar projects
Southeast Asia-focused cleantech investor Armstrong Asset Management will commit up to US$40 million in equity to support the construction of wind and solar projects in the Mekong region.
IFC, Asia Green Capital team up on renewables
International Finance Corporation (IFC) will partner clean energy-focused investor Asia Green Capital Partners (AGCP) in backing renewable energy projects in Southeast Asia, particularly Indonesia.
GE invests $24m in India solar plant
GE Energy Financial Services (GEEFS), the energy-focused investment unit of General Electric, has committed $24 million to India's largest solar power project operated by Welspun Renewables Energy.
Sailing, Yingli form $161m China solar fund
Shanghai Sailing Capital Management is teaming up with Yingli Green Energy Holding to form a solar energy-focused fund with an initial size of RMB1 billion ($161 million).
LanzaTech forms Asian alliance
LanzaTech is a classic example of how a disruptive technology can attract investors from different geographies. Originally from New Zealand, the company has developed a technology for converting carbon dioxide into fuel and chemical products. This kind...
Mitsui leads $60m round for NZ cleantech play LanzaTech
Japan's Mitsui & Co has led a $60 million Series D round for New Zealand-based low-carbon fuels producer LanzaTech.
Tsinghua, CDIB buy control of PE-backed lighting manufacturer
A consortium of investors including Tsinghua Tongfang, a Shanghai-listed technology manufacturer owned by China Tsinghua University, and CDIB Capital has acquired a 52.28% stake in LED lighting manufacturer Neo-Neon Holdings for HK$900 million ($116 million).
GSR Ventures to invest $580m in China new energy play
GSR Ventures has agreed to invest a total of RMB3.6 billion ($580 million) in Wuhan Kaidi Electric Power, a Shenzhen-listed clean energy technology provider.
Portfolio: CITIC Capital Partners and Elgin Equipment
When CITIC Capital Partners joined Audax Group in acquiring Elgin Equipment, its brief was to re-position the clean coal equipment business from low-growth America to high-growth China
Origo restructures China cleantech fund
Origo Partners has restructured its China cleantech fund - China Cleantech Partners (CCP) - taking full control of the vehicle and paving an exit for co-investor Ecofin Water & Power Opportunities (EWPO).
IFC commits $25m to Olympus' Asia environment fund
International Finance Corporation (IFC), the investment arm of the World Bank, plans to invest $25 million in Olympus Capital Asia’s latest pan-regional environment fund. The vehicle has a target size of $300 million.
Mingxin China Growth Fund backs liquid fuel cell specialist
Oorja Protonics, a California-based liquid fuel cell technology firm, has raised a Series E round of funding from Mingxin China Growth Fund, with participation of existing investor DAG Ventures.
Equis, Partners Group bet on Japanese solar
Japan's rapid embrace of renewable energy in the wake of the 2011 Fukushima nuclear disaster has alerted PE investors. In the last 12 months, Macquarie Capital and local engineering firm Maeda Corp. launched a joint venture that will target infrastructure...
Equis, Partners Group invest $250m in Japan solar platform
Equis Funds Group and Partners Group have led a $250 million equity investment in a dedicated Japanese solar platform to be operated by Nippon Renewable Energy (NRE). For both groups, it represents a first foray into Japanese infrastructure and a solar...
Toshiba partners with IVFA-owned UEM Group
After expanding its water supply and treatment business into markets such as China and Indonesia, Toshiba Corporation went looking for a strategic partner in India. It zeroed in on UEM Group, one of the top three domestic players in the sector. UEM needed...
NewQuest agrees $190m China Hydroelectric take-private
NewQuest Capital Partners has agreed to buy China Hydroelectric in a deal that values the US-listed hydropower operator at approximately $190 million.
IVFA to exit UEM India as Toshiba buys 26% stake - report
Japanese electronics giant Toshiba Corp. is looking acquire a 26% stake in Indian water treatment specialist UEM Group from existing shareholders, including private equity investor India Value Fund Advisors (IVFA).
RRJ invests $349m in China Everbright International
RRJ Capital has paid HK$2.7 billion ($349 million) for a 7.85% stake in China Everbright International, a subsidiary of Chinese conglomerate China Everbright Holdings, becoming the second-largest shareholder in the company.
Tsing Capital leads $21m Series C for Phononic
Phononic, an US-based solid-state cooling and refrigeration technology firm, has completed a $21 million Series C round of financing led by Beijing-based Tsing Capital. National Bank Financial, existing backers Venrock and Oak Investment Partners also...
SDCL launches $200m UK-China energy efficiency fund
UK-based Sustainable Development Capital LLP (SDCL) has teamed up with with Hong Kong private equity infrastructure firm First Eastern Investment Group to launch a $200 million fund that will invest in energy efficiency projects in the UK and China.
Armstrong’s cleantech breakthrough
When it took its maiden Southeast Asia Clean Energy Fund on the road mid 2011, Armstrong Asset Management was sailing into unchartered waters. While there have been other renewable energy funds active in the region, many have benefited from either a broader...
Armstrong reaches $164m final close on SE Asia cleantech fund
Armstrong Asset Management has reached a final close of $164 million on its Southeast Asia Clean Energy Fund. With additional commitments coming from French development finance institution (DFI) Proparco and Geneva-based Unigestion, the fund was able...
CLSA’s cleantech fund hires water-focused operating partner
CLSA Capital Partners has appointed Dr. Richard Woodling, previously director of global research and development at Siemens’ water R&D center in Singapore, as an operating partner in the Clean Resources Asia Growth Fund (CRAGF).
Macquarie to form infra JV with Japan's Maeda
Macquarie Capital will form a joint venture with Japanese engineering firm Maeda Corp. to invest in infrastructure and renewable energy projects.