VC-Backed Renewable Energy Company Preps IPO

Here’s some conventional wisdom on cleantech venture capital: Investors made lots of mistakes by backing capital-intensive companies in 2006-2009. Some of these deals were salvaged by government stimulus (e.g., A123), but the smart money has now moved into deals that look more like IT for the energy market than like energy for the broader consumer/industrial market. But there are exceptions to every rule. Today’s is a company called Orient Green Power, which develops small-scale renewable energy generation facilities in India. It also plans to file for an IPO within the next couple of weeks.

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