Venture capital firm Kleiner Perkins Caufield & Byers (KPCB) recently made its first clean technology investment in India, according to a October 9th article by Reuters. The article states that:
Speaking at the Reuters Global Environment Summit in San Francisco, Kleiner partner Ajit Nazre said the firm has invested in an energy company there, but did not disclose further details.
"It’s in the business of producing electricity from cleaner sources," Nazre said. The company is working on projects that could produce up to 5 megawatts of power, he added.
The Reuters article also states that Nazre, who leads KPCB’s India investment initiative, is bullish on making clean energy investments in India and that the firm is also looking at investing in technologies that improve clean water resources and generate electricity from biomass and water in India. As previously reported by Green VC, KCPB is active in green technology investing, including the May 2008 launch of its $500 million Green Growth Fund and the November 2007 addition of Al Gore as Partner.
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