Oil Giant Total Backs Chinese Smart Energy Fund

The venture capital arm of energy giant Total is one of the investors in a new, $250 million private equity fund that will focus on the Chinese energy sector. Investments in the Cathay Smart Energy Fund are expected to center around renewable energy, the energy internet, energy storage, distributed energy, smart energy and low-carbon activities.

The vehicle will be run by Cathay Capital Private Equity, with $50 million in backing from Total Energy Ventures and another $50 million from Hubei High Technology Investment Guiding Fund Management, which has ties to the Chinese government.

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