Westly eyes clean-tech deals
US-based clean-tech venture capital firm Westly Group will make its first overseas investment in China in two months, the China Business News reported. Westly Group founder and CEO Steve Westly, who is in China to meet clean-tech experts and governmental officials, said the investment could be worth between US$250,000 to US$5 million but declined to give further details of target companies. However, he said he was leaning towards any Chinese manufacturer that is strong in solar power technology. Bio-fuel technology and car battery technology were two other potential investment options, he said.