The Cleantech Network says that Chinese cleantech venture capital investment is expected to rise dramatically in 2007 to US$580 million and will surpass US$720 million in 2008.

The company's "China Cleantech Venture Capital Investment Report" states that cleantech investment in China increased 147% from 2005 to 2006 and that during the first quarter of 2007, cleantech investment in China totaled US$154 million.

"This landmark report clearly shows that China is a promising marketplace for clean technologies," stated Keith Raab, CEO and co-founder, Cleantech Group. "Trends emerging in 2007 point to more cleantech companies going public with at least four IPOs anticipated by Chinese companies in the solar segment alone."

Cleantech Network provides information for entrepreneurs, executives, investors, policy makers and thought leaders interested in the advancement of clean technologies to assist them in making informed decisions.

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