VC Optimistic About China Solar Energy And Other Clean Technologies

Following the clean technologies of information technology and telecommunications industry, will become China's third largest VC objectives. Deloitte has launched a survey showed that the area of clean technology in China Venture Capital and private equity hot areas. According to an authoritative institutions predict that this year's clean technology will attract 700 million U.S. dollars of VC, 2010 is expected to increase to 2 billion U.S. dollars.

In 2006, China's investment in clean technology projects is 12, with a value of 221.8 million U.S. dollars, in 2007 the first quarter of 2006 has reached the same period four times. At present, China's clean technology VC GDP of 0.016 percent, higher than in Europe.

Deloitte China's listed business group co-managing partner Zeng shunfu on foreign VC investment in China in the direction of a subtle change, IT industry access to the investment ratio is declining, and clean technology, high-tech areas such as services gradually be favoured. On the present situation, the VC of clean technologies more cautious, focused on solar energy, wind energy and other mature areas, like garbage disposal, waste recycling waste water and other development is not yet mature fields not of concern.

Source: 新民晚报 Jun. 8, 2008