No surprise here. A report, from the Cleantech Group, speculates that cleantech investments in China are likely to grow in 2007 by 38%. Venture funding has dramatically increased over the last couple years, which is a likely result of governmental mandates in the energy sector that were passed in 06. According to China's Renewable Energy Law, 10% of the country's energy output needs to be from renewable sources by 2010. Definitely good news for us here in the U.S. Demand for energy products and services abroad can often result in a positive impact on domestic alternative energy markets, which has already been felt. According to Red Herring, 3 Chinese solar companies have gone public on U.S. exchanges so far in 2007.
++Cleantech Investments in China Soar [Red Herring]