Chinese companies continue to buy up cheap U.S. clean tech assets

Reblogged from GigaOM:

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And the trend of Chinese companies buying up struggling green tech startups on the cheap continues. This weekend it was revealed that Chinese renewable power company Hanergy will buy up thin film solar startup Miasole, for a paltry $30 million.

Miasole had raised at least $500 million dollars to try to scale up its manufacturing, but investors will likely got nothing in the deal, despite their years of investment (though Miasole's…

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About Mark Blackwell

Early-stage energy innovation and clean technology venture capitalist looking for the next disruptive technology in the space.

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