Asian Development Bank's Clean Tech VC Funds Target China and India
The Asian Development Bank announced last week that it will inject around US$60 million into three venture capital (VC) funds in order to facilitate the development of green technologies in China and India.
The three funds '" named Aloe Environment Fund III, Keystone Ventures II, and VenturEast Life Fund III '" will be invested in early-stage clean-tech companies that can help confront the challenges brought by climate change and environmental pollution. China and India will become the major destinations where the funds flow, since both markets are making significant efforts to develop sustainable technologies, and promote their green energy industries.
The bank says it will allocate US$20 million to each fund, and the three funds will together leverage an additional US$600 million to US$700 million in private sector investment.
The Aloe Fund aims to make up to 10 investments of around US$29.6 million each. The investments will go to Asian companies whose clean technology transfer and know-how technologies can be used in China, India and potentially some Southeast Asian countries.
The Keystone Fund will make around 15 investments of around US$15 million each targeting companies that are involved in "climatch" such as light-emitting diodes, electric vehicle and power batteries, industrial energy efficiency as well as waste treatment.
The VenturEast Fund will mainly focus on the Indian market, with an injection of 15 to 18 small-scale investments of up to US$15 million across distinct sectors, including healthcare, sustainable agriculture and clean environment technologies.
The target companies are usually the ones that seek to apply proven technologies from other regions.
Previously, ADB had also funded similar funds for renewable energy infrastructure projects in Asia, particularly in India. It seems that ADB has been expanding these initiative to fund Asia based environmental opportunities.
For more ideas about investments in greentech / renewable energy projects, please visit our website http://researchwhitepaper.com about our Global Green Investors Guide
Published by moneycat
Susan is an experienced international writer and analyst in finance, investments, business, green economy and international markets. She has worked in various organizations in Australia, North America and Eu... View profile
- China and IndiaUnrest in south east asia.
- Non-Renewable Energy Sources: More Harm Than Good?This article explains the effects of non-renewable energy sources on the environment and provides information of how can you make yourself a FREE power generator.
- Go Green with Renewable EnergyLearn about renewable energy such as its uses, the different types, advantages and disadvantages.
Renewable Energy ExplainedRenewable energy is becoming more common place in major cities across the world. Renewable energies are cleaner, safer and better for our environment.- "THE RENEWABLE ENERGY ACT 2010: LEAVING NO STONE UNTURNED in SEARCH of RENEWABLE E...The enactment of the Renewable Energy Act 2010
- International Capital Raising Destination: China
- China and India: Invention and Abstraction
- China and India Clamor for Oil
- China and India Square off in Fight Over Buddhism
- Doing Small Business in China and India
- Counterfeit Drugs and Tobacco from China and India Are Real Threat, Says Watchdog...
- Are China and India Weakening the Global Supply Chain for Metal Products?