Green technology companies have been hammered in the stock market, but private investors are still pouring cash into the sector. The latest deal is a $750 million investment into a fast-growing renewable energy provider by several funds including TPG Intersect Power LLC and three other climate startups have together raised more than $1.6 billion in the past week. Large investment firms and venture capitalists, many with hefty cash piles, appear to be optimistic about the sector despite worries about high inflation and rising interest rates.
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