Cleantech Group™ announces first Cleantech business park in China

Xuzhou Cleantech Park Will Focus On Research and Development, Manufacturing, Logistics and Conferences Joint Venture Between Cleantech Group™, Tsing Capital and Tsinghua Holdings

Frankfurt, Germany – May 17, 2007 – The Cleantech Group™ LLC announced yesterday at the Cleantech Forum™ 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™, 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 11^{th 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™. "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™ also announced the list of the international founding members of Cleantech China™. "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®," said Keith Raab, CEO and Co-founder of the Cleantech Group™. "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™}

• ^{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™.}

^{Cleantech China™ was launched by the Cleantech Group™ in early 2006 in order to accelerate market adoption and commercialization of clean technologies throughout China. Cleantech China™ is modeled on the successful Cleantech Group™ model in North America and Europe. Cleantech China™ 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™, Cleantech China™, the Xuzhou Cleantech Park and the upcoming Cleantech China™ Investment Report, please email sales@cleantech.com or contact Jerry Li, Cleantech Group™ China Country Director at +86-10-8215-1160 ext. 687 or Jerry@Cleantech.com.}

• ^{About Cleantech Group™, LLC}
• ^{The Cleantech Group™ LLC provides insight, opportunities and builds relationships that catalyze and accelerate market adoption and commercialization of clean technologies globally. The Cleantech Group™ 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®, Cleantech Advisors™, Cleantech Indices™, Cleantech Search™, Cleantech China™, and Cleantech Innovation Institute™. Since introducing cleantech as a successful investment category in 2002, the efforts of the Cleantech Group™ 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.}