Climate Change Capital, the UK-based alternative investment manager, is going shopping for clean tech bargains in China.
The company is planning to invest $732m in environmental and clean tech projects in China over the next three years.
According to this report by Reuters, the company is taking advantage of the lack of credit in the current financial crisis to boost its presence in China by swooping in and buying up assets for a cheaper price.
Ka Keung Chan, managing director and head of China investments for Climate Change Capital is quoted in the Reuters report as saying:
“There are a lot of cheap assets lying out there. If you see the right company, this is the best time to negotiate.”