Electric Valley Fund
The Baoding China Electric Valley New Energy Industry Investment Trust Fund (the "Electric Valley Fund") was established in 2007. VC/PE investor China Science & Merchants Venture Capital Management will act as the fund manager and China Development Bank will act as the custodian bank of the fund. 80% of the fund will be invested in new energy and energy equipment companies which are incubated in Baoding High-Tech Industry Development Zone, including equipment manufacturers in the areas of PV power, wind power, energy-saving, power storage and power transmission & distribution. The remainder of the fund will be invested in other high-tech companies with independent intellectual property.
| Other Equity |
| Venture Capital |
Efficiency: Demand Side, Power Storage, Smart Distribution. Renewables: Solar, Wind
The fund is RMB 500 million ($66.2 million) raised from institutional investors through private placement with a term of five to ten years.