Total: investments in green energy in China
(CercleFinance.com) - Total Energy Ventures, Hubei High Technology Investment Guiding Fund Management Co.
Total Energy Ventures, Hubei High Technology Guiding Fund Management Co. Ltd. and Cathay Capital have signed a memorandum of understanding to launch the Cathay Smart Energy Fund, an investment fund dedicated to the energy sector in China, it was announced on Tuesday morning.
This fund will focus its investments on emerging technologies and new business models of the energy sector in China, including renewable energy, energy internet, energy storage, decentralised energy, smart energy and low-carbon activities.
It will enable Total to explore new opportunities in China, and to identify new business models and new technologies. TEV and Hubei High Tech will each add 300 million renminbi (50 million dollars) to the fund.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Total Energy Ventures, Hubei High Technology Guiding Fund Management Co. Ltd. and Cathay Capital have signed a memorandum of understanding to launch the Cathay Smart Energy Fund, an investment fund dedicated to the energy sector in China, it was announced on Tuesday morning.
This fund will focus its investments on emerging technologies and new business models of the energy sector in China, including renewable energy, energy internet, energy storage, decentralised energy, smart energy and low-carbon activities.
It will enable Total to explore new opportunities in China, and to identify new business models and new technologies. TEV and Hubei High Tech will each add 300 million renminbi (50 million dollars) to the fund.
Copyright (c) 2018 CercleFinance.com. All rights reserved.