We love cleantech investors who blog. Andrew Chung, a senior associate at Lightspeed Venture Partners, pens an interesting post today on five predictions for the solar market in 2008. Chung says the Lightspeed team has evaluated over 400 cleantech startups to date and has made investments in solar photovoltaic startup Stion, as well as LS9, Coaltek, and Solazyme, among others. Lightspeed closed a $480 million fund — Lightspeed VII — at the end of 2005. Check out his trends below, but make sure to read his full post for more explanation:
1. Solar will sustain its torrid growth, as costs continue to fall.
2. Emerging startups that benefit from the polysilicon supply shortage will face increased pressure, as the poly-Si crunch begins to ease.
3. Entrepreneurs will increasingly look beyond cell and module production.
4. China and India will begin to emerge as strong domestic markets for solar.
5. More IT entrepreneurs will continue to start or join solar ventures.