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…)

A “plucky little” country is how the late Princess Diana once described Israel to Shimon Peres. About the size of New Jersey, Israel has a disproportionate number of clean tech companies and investment in clean technology compared to its size.

And now U.S. businessman and investor David Anthony from 21Ventures (at left) is about to reveal his trade secrets and insider information about clean tech investing in Israel.

If you are itching to become a clean tech entrepreneur in Israel, this is must-read information. If you’d like to know more about what makes the industry tick, read on.

Unlike Silicon Valley and the high-tech industry, the clean tech market today has no center of excellence, Anthony tells Green Prophet. In the last 50 years of venture capital investing there has been a saying, “Never fly over your company,” meaning one shouldn’t invest in a company that isn’t within a 60 mile radius of the office.

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What lessons can California learn from Sweden’s successes in sustainable innovation? What are the California’s energy and environmental goals, and what progress has been made to reach them?

The 2009 Sustainable Innovation Event, presented by the Swedish-American Chamber of Commerce San Francisco/Silicon Valley, will discuss these questions and more Monday, Oct. 5 in South San Francisco.

Readers of CleanTechies, a media partner for this event, can attend for a discount price of $55.00 (regular $65).

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Thank billions in government funding for helping to lift clean technology investment in the third quarter, said the Cleantech Group and Deloitte in a report Wednesday.

The quarterly analysis reiterated that the recession has kicked but not killed investments in this sector, which remain down 42 percent from the third quarter of 2008. Biotech and IT combined receive less funding than clean tech, which continues its climb from the second quarter, the report noted.

“The two largest venture deals (Solyndra and Tesla Motors) and the largest IPO (A123Systems) this quarter were all recipients of U.S. government funding,” said Cleantech Group managing director Dallas Kachan in a statement.

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What makes energy start-ups succeed or fail? Are energy investments wise for venture capitalists? What will shape energy finance innovations and the adoption of the smart grid?

The 2009 Wharton Energy Conference will explore these questions and more October 30 in Philadelphia. CleanTechies is excited to serve as a media partner of this one-day conference and career fair.

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Metrolight Ltd., a leading provider of electronic ballast solutions for energy efficient lighting, announced today [June 4, 2009] that it has raised $3 million and appointed Zvi Segal as a Chief Executive Officer.

Zvi Segal, a veteran of Orbotech Group, Applied Materials and Teledata Communication, will lead Metrolight’s growth phase driven by what Metrolight says is strong demand for its energy saving products and services from commercial, industrial and municipal customers across Europe and the US. Metrolight’s High Intensity Discharge (HID) eBallast reduces up to 60% of energy consumed and doubles the life of a lamp. (more…)

It already has to some extent.  I hate to be overly pessimistic, but sometimes you can’t just “make do.”  With the exception of high expectations from the Obama administration, things don’t look particularly great between the news of job cuts from Ausra, SunTech, OptiSolar and the abysmal rate at which new companies (and projects) are getting financed. Since the valley-jarring Sequoia deck slowed down bandwidth throughout the bay area in a display of viral marketing that rivaled anything put together by web 2.0 gurus, valuations have gone down, budgets have gotten stretched, and start-ups with great teams and traction have been told to jog in place.

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Business Week recently published an article on advice for start-up trying to attract venture capital and it made interesting reading on a couple of fronts.

First of all as I am sure a lot of you are aware the pool of venture funds has got smaller, a lot smaller additionally the opportunity for concept or speculative deals is near enough impossible to fund and finally on the plus side, if a business asks for less (sub 5m) and manages to succeed in a bear market, it has a very good chance of survival.

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