Green Options

Hudson Clean Energy Partners (HCEP) set a $1 billion target for its first fund, a new clean energy investment fund, and just announced this week that it has reached its target despite the difficult economic conditions worldwide.

Led by two industry veterans with much individual success, HCEP is looking to help spur and capitalize on a great global push for clean tech and clean energy (including renewable power, alternative fuels, energy efficiency and storage). The firm seems to show a lot of faith in solar power technology, in particular.

A couple weeks ago, I wrote about China’s new policy to focus on buying (almost entirely) “China-grown” wind turbines and wind turbine technologies with Chinese patents. That policy wasn’t a big hit internationally and China is back-tracking.

However, is it changing its stance out of international moral pressure or a major financial incentive (recent deal) in the US? And who is to benefit the most from this shift?