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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“Whiskey is for drinking; water is for fighting over.” Often attributed to Mark Twain, whoever said that seemed to have quite a bit of foresight, something the mainstream cleantech community is only recently warming up to.

The fights over water use facing utility scale solar thermal projects in the desert Southwest may have a lot to do with opening the eyes of the clean-tech community, but the sector’s challenges and opportunities are much broader than that, as scores of Californians, Middle Easterners, and Australians will attest.  So why, with the problems so immediate and demand remaining strong in the $58 billion annual market for water technologies, has water investment as a percentage of venture investment declined since 2005?

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The Chinese government will invest more money in the development of smart grid technology than the United States in 2010, according to a new market study.

China will spend more than $7.3 billion in the form of stimulus loans, grants and tax incentives this year, compared to $7.1 million by the U.S., according to an analysis by Zpryme, a Texas-based research firm.

“They’ve got a strong economy to push forward,” said Jason Rodriguez, director of research at Zpryme.

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Investing in energy efficiency is a critical piece of the climate change puzzle. Given that the built environment accounts for 39 percent of total energy use in the US, real estate investment represents one of the most effective ways to implement energy efficiency strategies. A recent report from Ceres and Mercer, reviewed in Environmental Leader, outlines the business case that investing in energy efficiency enhances value in real estate portfolios. The report draws on key industry and academic research on building efficiency’s economic impacts and outlines steps and best practices for leveraging efficiency in real estate investments, including pertinent case studies about TIAA-CREF and CalPERS.

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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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Amidst the global recession and discussions surrounding the capital intense nature of most clean tech companies and the question of viable exit strategies for the venture capitalists that invest in them, the IPO market will continue to be dry.

The broader IPO market has been relatively dry since the start of 2008, with relatively few listings compared to previous years (~25/year vs averages from 1980s to 2005 of around 400/year).

While Sarbanes-Oxley is partially to blame for the dearth of US based IPO’s the fact is the public’s faith in and funds for the markets have been squeezed, and I feel that it might be more than wishful thinking that 2010 will be a robust year for Wall Street based IPOs of any sort, particularly clean tech investments.

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Global investments in alternative energy projects will rise nearly 50 percent in 2010, climbing from $130 billion this year to $200 billion next year.

In a survey of the green energy market, Bloomberg News reports that despite the dim prospects of forging a climate treaty in Copenhagen this month, companies and governments are moving rapidly ahead to build wind power farms, large solar arrays, and other green energy projects.

Thanks in large part to state-funded economic stimulus programs, government spending on green energy will more than double in 2010 to about $60 billion, according to the report.

Analysts said that with China, the European Union (EU), and individual U.S. states aggressively adopting regulations and incentives promoting green energy, the field will continue to rapidly develop even if a global climate treaty is not signed.
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For thousands of years, the native Aymara people have been harvesting scarcely fallen raindrops along the Andean foothills in northern Chile by capturing the rainwater in nets for irrigation and drinking purposes. The people in this region, in and around the Atacama desert, are accustomed to fragile ecosystems and an extremely dry climate. However, today, even in the fertile central and southern regions of Chile, there are noticeable tensions over water rights and water availability.

Presently, it is not as if there are times when nothing flows out of the tap here. Nor are the urban folks of Santiago running outside their homes with their own polypropylene mesh nets ready to catch any drop of rain that falls. However, a convergence of factors – an increase in population growth, perceptible changes in climate patterns, and competition for water resources between various industries and hydro power – have caused a national “war over water” of sorts to emerge at the forefront of national environmental, economic, and political discussions.
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When Congress returns from its summer vacation it will consider legislation that could energize investment in renewable energy projects with an almost “cash for clunkers”-like fervor.

Like the cash for clunkers legislation (and American Idol, and The Office), a feed-in tariff bill would be a ripoff of a European idea modified for American consumption. Bills that would require utilities to pay a premium for renewable power have been tried and failed here before, but the time (and composition of the Congress) may be right for the fight to take flight.

Introduced by Democratic Senators Jay Inslee (WA) and Bill Dellahunt (MA), the bill would guarantee a market for the renewable power projects and would do much to calms fears in today’s skittish investment arena. Feed-in tariffs have been overwhelmingly successful in Germany and Spain, basically creating the solar industries in both those countries.

Because a feed-in tariff promises American jobs and reduces foreign energy dependency, Congress will likely give the idea more of a fair hearing when the leaves begin to turn in DC.

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One of the more common green stories over the last month has focused on the question of whether the poor economic conditions are going to dampen the clean tech industry.  Other stories revolve around the new US administration’s policies.

There seem to be four main story lines:

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