During the 2010 Solar Power Finance & Investment Summit in San Diego, a large crowd learned that Chinese companies have cash and interest in the US solar energy market, yet partnerships require patience and low risk.

To explore the opportunities, R. Thomas Hoffmann, Partner with Ballard Spahr, led a panel with three experts on Chinese solar investing. They were:

• Jimmy Chuang, is with GCL Solar, the largest polysilicon producer in Asia and the largest solar developer in China.  GCL has access to $4.5 billion.

• K. Scott Son, Vice President of Project Finance at Suntech, the largest producer of silicon PV in the world (nearly $2 billion in revenue in 2008).

• Sha Wang, Principal at Cybernaut Investment, a family company with US and Chinese roots and a $500 million solar investment fund.

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After making his fortune with Idealab and a host of technology start-ups, Bill Gross has turned his attention to renewable energy. In an interview with Yale Environment 360, Gross talks about the solar power plant technology his company eSolar is developing and about the future of solar.

Bill Gross is not your typical solar energy entrepreneur. In a business dominated by Silicon Valley technologists and veterans of the fossil fuel industry, Gross is a Southern Californian who made his name in software. His Idealab startup incubator led to the creation of companies such as eToys, CitySearch, and GoTo.com. The latter pioneered search advertising — think Google — and was acquired by Yahoo for $1.6 billion in 2003.

That payday has allowed Gross to pursue his green dreams. (As a teenager, he started a company to sell plans for a parabolic solar dish he had designed.) Over the past decade, Gross has launched a slew of green tech startups, including solar power plant builder eSolar, electric car company Aptera, and Energy Innovations, which is developing advanced photovoltaic technology. (more…)

A rising Asian nation leverages labor advantages to adapt Western technology to lower cost fabrication, and its leading companies rise as no-frills leaders in an emerging global market.

Thanks to free trade policies – kept in place, in part, to satisfy Western consumer demand for the product in its most afforable form — the Asian nation finds a ready export market that helps to build a worldwide brand and return immense profits.

Then, given a generation to develop a domestic engineering and technical workforce worthy of their place in the industry, the Asian nation’s concerns soon come to surpass their Western competitors and they bypass the godfathers of the business in innovation and quality, while retaining an edge in affordability.

Ring any bells?

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GreenRoad, which is developing technologies to encourage safe and fuel-efficient driving behavior, announced today that it has raised $10 million in financing from Generation Investment Management, the investment firm co-founded in 2004 by Al Gore.

GreenRoad will use the proceeds of this financing to accelerate the deployment of its GreenRoad 360 service among existing and new customers.

GreenRoad 360, the Company’s proprietary technology-based service, provides drivers and fleet managers with real-time, comprehensive and preventative feedback, analysis, reporting and coaching on drivers’ abilities, maneuvers and patterns.

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AguAgro Fund LP has acquired water technology incubator Kinrot Technology Ventures from Canada’s Stern Partners Inc. in a share-swap deal, reports Globes.

Stern Partners, run by president Ronald Stern, will reportedly get a stake in AquAgro, an Israeli venture capital fund focused on innovative water and agriculture technologies, although terms of the deal were not disclosed.

Ministry of Industry, Trade and Labor regulations governing Israel’s Technological Incubators Program require that AquAgro inject at least $3 million into Kinrot over three years.

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We can’t successfully tackle climate change without changes to the corporate regime which has been in place in America since the Reagan presidency. That’s the underlying message of Charles Derber in his latest book, Greed to Green: Solving Climate Change and Remaking the Economy. It’s a message he delivers with directness in a book much more readable than I expected from an academic sociologist.

He accepts the position of scientists like James Hansen and others who point to the ominous dangers of tipping points in climate and conclude that we are already above a safe level of atmospheric carbon dioxide, which they consider no more than 350 parts per million. It’s not a happy acceptance. “No sane person would wish it to be the scientific truth,” he writes.

Derber recounts the terrible difficulty he had, after realising with despair the seriousness of climate change, in dealing emotionally with the prospect of mass, collective death — “more difficult than dealing with my own personal death.”

The only good news he discerns is that the scientific truth may be spreading and leading to a tipping point in the world’s social and political awareness. (more…)

SunPower, Silicon Valley’s biggest solar panel manufacturer, announced Thursday an agreement to buy SunRay Renewable Energy, a developer of solar power plants in Europe and Israel, for $277 million.

Although based in Malta, SunRay is managed by Israelis, including CEO Yoram Amiga and Michael Barnea, Head of Legal and M&A. SunRay established a wholly-owned Israeli subsidiary, SunRay Israel Blue & White, which is working to develop 100 megawatts of solar photovoltaic projects.

Kobi Katz, the CEO of SunRay Israel, told The Marker the sale was a vote of confidence by SunPower in the Israeli solar market.

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Shai Agassi (left) and the team at Better Place have done it again: almost two years to the day after announcing its first car partnership and its first country deployment in Israel, Better Place today announced that it has signed an agreement with an HSBC-led investor consortium for new equity financing of $350 million. The deal marks one of the largest clean-tech investments in history and values Better Place at $1.25 billion.

This Series B equity financing round features participation from new investors including HSBC, Morgan Stanley Investment Management, and Lazard Asset Management. These investors will join existing Series A investors including Israel Corp., VantagePoint Venture Partners, Ofer Hi-Tech Holdings, Morgan Stanley Principal Investments, Maniv Energy Capital, and Israel Cleantech Ventures, among others, as shareholders of Better Place. For HSBC, which led the round with an investment of $125 million, the deal represents one of the largest financial investments of its kind by HSBC.

As part of the deal, Kevin Adeson, HSBC Head of Global Capital Financing, will join the Better Place Board of Directors, and HSBC will own approximately 10% of the company’s shares. (more…)

Economy versus the Environment. This is a slogan for many when they consider the challenges of dealing with Climate Change and the reduction of greenhouse gas (GHG) emissions.

In 2007, McKinsey issued Reducing US Greenhouse Gas Emissions: How Much at What Cost? that provided a a significant contribution to this discussion. McKinsey’s conclusion: at an “affordable” cost of well below $50 per ton, in aggregate, the United States can meet necessary 2030 targets for GHG emission reductions. All-in-all, this was quite good news for those advocating acting to deal with Climate Change.

There was (and is) reason why the original study and McKinsey’s continuing work in this arena have been widely discussed / cited over the past two years. And, variants of the graphic on cost abatement have shown up in briefing after briefing, article after article, book after book. Good news.

Or, well, is it? McKinsey’s work provides significant data that addressing the environment will have economic cost. Even if a low number, with many actions providing economic benefit, the McKinsey work has a serious underlying thematic: it will cost to address climate change.

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Imagine being able to extract the solar energy trapped in the world’s tropical oceans and use it as a renewable power source.

Although that might sound like science fiction, a company in Hawaii called Ocees International Inc. is pursuing the technology — and it’s turned to a new Lancaster-based venture capital fund for help.

JPF Venture Fund 1 is the brainchild of Lancaster County resident Jeremy P. Feakins and his administrative team, which includes midstate businessmen Jim Greenberg and Ed Baer.

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