TPG buys into Chinese solar player Comtec

TPG agrees to invest up to $150 million in Comtec Solar as the private equity firm buys into the potential of solar power.

<div class="ArticleImageCaption" style="text-align: left;">Solar panels deployed in California</div>

Sameera Anand

April 20, 2011

US private equity firm TPG Capital is set to make its first investment in China’s solar power industry after agreeing a deal to pay up to HK$1.17 billion ($150 million) for a maximum 21.6% stake in Comtec Solar Systems Group.

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