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Posts Tagged ‘SunPower’

While the venture capital industry worldwide is feeling the effects of the current economic conditions, there is one area that doesn’t seem to be feeling the pinch as much: renewable energy. According to Greentech Media Inc., venture capital investment in green technologies totaled $836.1 million in the first quarter of 2009.

Remarks made by Ira Ehrenpreis, General Partner at greentech investment firm Technology Partners, include the following: “The $800 million of investment this quarter is more capital than has been invested annually for most of the years that we’ve been investing in the cleantech sector.” Eric Wesoff, analyst at GTM Research and Greentech Innovations Report author added, “Despite the slump, VC investors remain optimistic about the greentech sector and eventual exits in this space.”

Greentech Media noted that solar continues to be the leading sector with $356.6 million in investments, followed by energy storage with $121.5 million and biofuels with $94.15 million.

More information: http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20090401005987&newsLang=en

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The True Cost of Solar Power: Race to $1/W

A report issued by Photon Consulting in mid-March “The True Cost of Solar Power: Race to $1/W” sums up the need to not only provide green alternatives, but to do it in a manner works economically.  Companies highlighted include First Solar, LDK Solar, Q-Cells, REC, SolarWorld, SunPower, Suntech and Yingli – compabneis that have “emerged as low-cost leaders.”  The take away, “solar electricity in sunnier areas will be <$0.10/kWh by 2012, creating a large addressable market that is the grand prize in solar’s race to $1/W.”   This is a sure sign the innovators, believers and investors in the solar space are winning the battle against the economic realities that it’s fighting.  Go to http://www.photonconsulting.com/files/true_cost_exec_sum.pdf for an executive summary – go solar go.

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