Value of cleantech investment drops 8%
Print Edition
THE combined value of private equity and venture capital deals in China’s renewable and cleantech industry in 2015 fell 8 percent year on year to US$1.1 billion, despite a 49 percent rise in the number of transactions, professional services firm PwC said in a report released yesterday.
A total of 143 projects were completed in the year, of which 80 were in the energy-saving and environmental protection sectors, it said.
Zhuang Hao, assurance partner at PwC, said the data pointed to a growing awareness of environmental protection issues among the Chinese public, as well as increased government support for related projects.
Despite the drop in the full-year value of investments, figures for final three months of 2015 were the best for two years, he said.
Meanwhile, 10 Chinese new-energy and cleantech companies floated on the stock market in 2015, raising a combined US$2.85 billion, the report said.
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