Private equity firm Silver Lake has made an investment of $100m in Shanghai-based Nobao Renewable Energy Holdings, a provider of energy efficiency technologies, to seize the growth opportunities in China's booming green sector.

Nobao Renewable Energy taps geothermal technology to power heating and cooling and hot water supply systems in commercial and residential buildings, claiming to save up to 70% of energy consumption compared to conventional fuel- and electricity-based systems.

In addition to designing, manufacturing and installing these heating, ventilation, air conditioning and hot water supply systems, Nobao Renewable Energy provides post-installation maintenance services typically over 10 to 20 years, offering an integrated energy management system for its customers.

Silver Lake managing director Eric Chen said that increasing demand for clean technology and the Chinese government’s focus on a greener economic future, Silver Lake is optimistic about Nobao’s prospects and believes that the company is well-positioned to continue its impressive growth.