Mar. 4, 2009 (China Knowledge) - China's clean technology (cleantech) sector attracted investment totaling US$1.3 billion from venture capital (VC) and private equity (PE) last year, up 120 % over the previous year, despite the financial crisis, the China Daily reported, citing a report by market researcher Zero2IPO on Tuesday.
The number of cleantech deals invested by VC and PE home and abroad reached 55 in 2008, representing a year-on-year increase of 175%.
In the past three years, VC and PE firms totally invested US$2.36 billion into cleantech sector, with solar energy accounting for 60% of the total, said the report, adding that US$287 million went for 12 water treatment deals.
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