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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Chinese manufacturers of photovoltaic solar panels have secured an increasing hold in California, the United States’ largest solar market, doubling their market share in the last year alone, according to a new report.

In the last three years, China’s share of the market increased from 2 percent to 46 percent, says Bloomberg New Energy Finance, a research and consulting firm.

The share of U.S. manufacturers in the California market dropped from 43 percent to 16 percent during that same period.

“The ascendancy of Chinese manufacturers would be noteworthy regardless of market conditions, but is particularly telling in a time when purse-strings are still tight,” the report said. (more…)

UNITED NATIONS (Reuters) – Global investors representing $13 trillion in assets called on the United States and other countries on Thursday to adopt policies to fight climate change they said would unleash a potential flood of private money into renewable and efficient energy.

“Without policies that create a stable investment environment our hands are tied,” Anne Stausboll, chief executive of the California Public Employees Retirement System, a pension fund with more than $205 billion in assets, said at a meeting called the Investor Summit on Climate Risk.

“We are ready and willing to up the ante to finance the transition to a low carbon global economy but you need to have the courage to act,” said Mindy Lubber, the president of Ceres, a coalition of investors and environmentalists which was hosting the meeting.

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HelioFocus Ltd., an Israel-based solar thermal systems start-up, has raised more than $10 million from China’s Zhejiang Sanhua Co. and existing investor IC Green Energy.

HelioFocus announced the investment last week at the Weizmann Institute of Science in Rehovot, Israel, where HelioFocus is developing its solar thermal technology to boost electricity production of existing power plants.

HelioFocus CEO Ory Zik said Sanhua, the Chinese maker of appliance components whose stock is traded on the Shenzhen stock exchange, would be not just a financial investor in the company, but will also produce some solar thermal components.

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Based on the rash of predictions for cleantech in 2010 from investors, consultants and media (see the full list at the end of this post), I’ve pulled together a “trend of trends” list below that attempts to synthesis the broader, over-arching themes. As always, I’m amazed that water isn’t on the top of every list, every year, although there are some positive signs on that front. So here are the 12 things that filtered to the top: (more…)