Venture Beat reports that VCs are bullish in 2011 when it comes to cleantech IPOs, especially with regard to algae oil and solar companies.
Asked about the cleantech IPOs market, venture capitalist Nat Goldhaber of Claremont Creek Ventures says he’s expecting 2011 to be a good year for more public offerings in cleantech.
Venture capitalist Alan Salzman of VantagePoint, who has backed Tesla and BrightSource, is also betting 2011 will be a good year for cleantech deals. He told Reuters that he believes IPOs this year will come from utility-scale solar power plants, algae oils, smart grid components and thin-film solar panel makers (many companies in this space have recently received funding and are planning to build factories).
“You’re going to see much more of an active pipeline,” Salzman said. “You will see five to 10 significant, multibillion dollar IPOs in the U.S. this year, and as many meaningful acquisitions.”