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U.S. Renewables plans 2 billion yuan China fund

Tue, 05/11/2010 - 3:29am
Reuters

BEIJING (Reuters) May 11 - Private equity firm U.S. Renewables Group said it plans to raise up to 2 billion yuan ($293 million) for a fund investing in renewable energy projects in China.

U.S. Renewables, which manages $750 million in renewable assets across North America, was looking to invest in solar and waste-to-energy projects, partner Thomas King told Reuters on the sidelines of a renewable energy conference on Tuesday.

King did not give a timeline for the launch, but said the firm "will have more clarity about the fund by the end of the year."

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