HONG KONG (Dow Jones) — Beijing-based private equity firm Origo Partners PLC (OPP.LN) and asset manager Ecofin Ltd. said they have formed a US$200 million private equity fund that will invest in China’s clean energy sectors.
The fund, China Cleantech Partners, L.P., will invest in privately held Chinese green companies, with a specific focus on alternative energy, environmental remediation, water, and energy storage and distribution. China Cleantech will invest either directly in target companies, or indirectly through the Origo Xinxiang Renewable Energy Fund, L.P.
Origo Xinxiang is a CNY500 million yuan-denominated private equity fund established by Origo and the municipal government of Xinxiang. It has CNY125 million in committments from the Xinxiang government, with the rest, CNY375 million, coming from China Cleantech.