The Cleantech Group(TM) LLC announced yesterday at the Cleantech
Forum(TM) XIII in Frankfurt, Germany the launch of Xuzhou Cleantech
Park, the first of its kind, in the municipality of Xuzhou, Jiangsu
Province, China. The Xuzhou Park is a joint venture between Cleantech
Group(TM), Tsing Capital, Tsinghua Holdings and the municipality of
Xuzhou. The Xuzhou Cleantech Park will serve as a center for
businesses focusing on the development and deployment of technology
across the spectrum of cleantech segments including renewable energy,
energy efficiency, water & wastewater purification, resource
recycling, clean production, manufacturing, and advanced materials.
"We welcome the Cleantech Group's support and view the development
of Xuzhou Cleantech Park as a major step forward in accelerating the
commercialization of clean technologies and in keeping with the
substantial increase in venture capital investment in China," said Don
Ye, President and Chief Executive Officer of Tsing Capital. "The
enforcement of China's Renewable Energy Law solicited a significant
increase in venture capital investment into the energy category in
2006. Coupled with the 11th 5 Year Plan and China's strong interest in
cleantech as a means to resolve major environmental issues, we see
China becoming a major cleantech powerhouse - both as a customer and
an innovator - in the coming years."
"We are honored to be working with our distinguished partners at
Tsing Capital, Tsinghua Holdings and with the support of the
municipality of Xuzhou to bring this first center for cleantech
innovation and commercialization to China," said Nicholas Parker,
Chairman and Co-founder of the Cleantech Group(TM). "This is an
important step that opens the window for cleantech development and
commercialization in China to the rest of the world".
The Cleantech Group(TM) also announced the list of the
international founding members of Cleantech China(TM). "This timely
initiative will serve to accelerate market adoption of clean
technologies in China in a similar manner to our efforts in North
America and Europe with the Cleantech Venture Network(R)," said Keith
Raab, CEO and Co-founder of the Cleantech Group(TM). "The
international founding members of Cleantech China will set a roadmap
for the cleantech category in China and create a stronger, more
vibrant cleantech innovation community to address the challenges and
opportunities unique to China's rapidly growing economy."
Founding Members of Cleantech China(TM)
PKU Environment Fund
Cargill Ventures
China Alliance
DFJ Element
Dow Chemical (China) Investment
Ernst & Young
Global Environment Fund
Jefferies & Company
Khosla Ventures
London Asia Capital
Mayfield Fund
Nomura International plc
Northern Light Venture Capital
Peak Capital
Qiming Ventures
3i Investment plc
Tsing Capital
Two Sigma Investments
Walden International
According to the Cleantech Group's latest research on investments
in China, investors placed US$420 million into 26 cleantech deals in
China in 2006 representing a 147% increase over 2005. The full
analysis on investments in China will be published in the Cleantech
China Investment Report, to be issued on June 18, 2007.
"Investments in the cleantech category in 2007 have already
outpaced 2006, with US$154 million invested in the first quarter of
2007- an investment level four times that of the first quarter 2006,"
said Jerry Li, China Country Director, Cleantech Group(TM).
Cleantech China(TM) was launched by the Cleantech Group(TM) in
early 2006 in order to accelerate market adoption and
commercialization of clean technologies throughout China. Cleantech
China(TM) is modeled on the successful Cleantech Group(TM) model in
North America and Europe. Cleantech China(TM) offers investor members
investment services, proprietary market leading research and deal
flow, investor forums, advisory services and publications tailored for
the China market.
For more information on the Cleantech Group(TM), Cleantech
China(TM), the Xuzhou Cleantech Park and the upcoming Cleantech
China(TM) Investment Report, please email sales@cleantech.com or
contact Jerry Li, Cleantech Group(TM) China Country Director at
+86-10-8215-1160 ext. 687 or Jerry@Cleantech.com.
About Cleantech Group(TM), LLC
The Cleantech Group(TM) LLC provides insight, opportunities and
builds relationships that catalyze and accelerate market adoption and
commercialization of clean technologies globally. The Cleantech
Group(TM) family of companies founded the cleantech investment
category and through its membership services brings together
investors, executives, thought leaders, policy makers, . and
entrepreneurs to facilitate the growth of cleantech globally through
six business units; the Cleantech Venture Network(R), Cleantech
Advisors(TM), Cleantech Indices(TM), Cleantech Search(TM), Cleantech
China(TM), and Cleantech Innovation Institute(TM). Since introducing
cleantech as a successful investment category in 2002, the efforts of
the Cleantech Group(TM) companies have spawned a new investment class
with an annual growth rate exceeding 50%, with more than $4.1 billion
in venture capital invested in North America, Europe and China in
2006.
