by Stacy Feldman -
Oct 30th, 2008
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.
Bookmark/Search this post with: