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Renewables, clean technology draw PE/VC interest

(Global Times)
Updated: 2016-06-30 09:48
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China's renewable energy and clean technology industries experienced strong investment momentum in the first quarter, a report PwC released on Wednesday showed.

According to the report, 31 private equity (PE) or venture capital (VC) investments were successfully made in the period, up 106.7 percent on a year-on-year basis.

The disclosed investment amount reached $657 million, increasing 425 percent year-on-year.

A total of 46 renewable energy and clean technology industry enterprises were listed on National Equities Exchange and Quotations (NEEQ) in the first quarter.

Of the 31 PE/VC investments, 20 investments, or 65 percent, were made in the environmental protection sub-sector.

The majority of investments were made at either the expansion or mature stage. At the expansion stage, enterprises listed on the NEEQ were predominantly focused on public share transfer.

The report recorded 21 mergers and acquisitions (M&As) deals in the first quarter, with the total value amounting to $1.015 billion.

Among these 21 M&A deals, only one was transnational. Also of note, 10 occurred in the environmental protection sector, eight in the new energy sector and three in the new material sector.

However, in terms of the amount invested, only 7 percent of the total investment value was in the environmental protection sector while 62 percent and 31 percent were invested in the new energy sector and the new material sector, respectively.

 

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