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The Boston Globe


Clean tech sector’s cachet rises abroad

Foreign investors are pouring millions of dollars into US alternative energy companies, seeking new technologies and markets even as enthusiasm for the once hot industry wanes among their American counterparts.

Last week, for example, Japan’s NEC Corp. paid roughly $100 million for a Westborough-based division of the advanced battery maker A123 Systems LLC, which was acquired by a Chinese company, Wanxiang Group, in 2012. Also last week, Cape Wind said it secured $400 million in financing from financial institutions in Japan, France, and the Netherlands to build an offshore wind farm in Nantucket Sound. A month earlier, Cape Wind announced that the Danish Export Credit Agency, EKF, would loan it $600 million.

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