Private investors bet on clean energy despite market sell-off
Green tech companies have been hammered on the stock market, but private investors continue to inject cash into the sector. The latest deal is a $750 million investment in a fast-growing renewable energy provider by multiple funds, including GPT
Intersect Power LLC and three other climate startups together raised more than $1.6 billion last week. Large investment firms and venture capital firms, many of which have ample cash, appear bullish on the sector despite concerns over high inflation and rising interest rates.