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Intel Gives Chinese Cleantech a $20 Million Plus Boost

Intel Gives Chinese Cleantech a $20 Million Plus Boost

Cleantech investment has bucked the market's decline – so far. The big news out of the sector this week?

Intel Capital -- the investment arm of U.S. chip giant Intel -- has announced that it's pumping cleantech cash to China for the first time ever, pouring $20 million into thin-film solar firm Trony Solar Holdings Co Ltd, and an undisclosed sum into energy storage firm NPH Holdings.

Why China? The company explains in a press release:

China’s renewable energy industry is experiencing rapid development. We believe these investments will be a catalyst to drive local clean tech innovation and help China toward the transition to a more sustainable energy system as well as economic growth.