Sales
0161 215 3700
0800 458 4545
Support
0800 230 0032
0161 215 3711

VC clean tech investment exceeds Q3 expectations

VC clean tech investment exceeds Q3 expectations

Global venture capital (VC) investment in clean technologies is fast approaching pre-recession levels, according to new figures from research firm Greentech Media.

The data reveals that investment during the third quarter rose 58 per cent to $1.9bn (£1.2bn).

The performance followed similar gains during the second quarter, when VC investment rose from $836m during the first quarter of the year to $1.2bn, and fuelled predictions that investment could return to the record levels recorded in 2008.

According to the report, solar continued to dominate the sector with $575m invested across 29 deals as solar firms sought to scale up production.

Biofuels and clean coal technologies also performed well, securing $513m in VC backing across 17 deals, while smart grid, green auto technologies, sustainable buildings, and green materials all broke through the $100m mark for the quarter.

The report also revealed that while there were a number of multi-million dollar deals, with solar panel manufacturer Solyndra for example pulling in nearly $200m, there were also signs that VCs appetite for investing in higher-risk early stage firms is returning.

The figures will provide a further boost to a clean tech VC sector already celebrating the stellar IPO recorded by battery manufacturer A123Systems last week. The Massachusetts-based company saw its share price soar 50 per cent on the first day of trading, despite having yet to record a profit.

No responsibility can be taken for the content of external Internet sites.


print this article

Return to green news headlines
View Green News Archive

Share with: