US Investment in Clean Tech Plummets 44%

08/10/2011 |


US venture capital investment in clean tech plummeted 44% to $1.1 billion in the second quarter compared to the same period last year, according to Ernst & Young’s latest analysis.

But the same period in 2010 saw a record level of investment topping $1.9 billion  primarily because of five deals amounting to $978.6 million alone.

Although investment is down compared with last year, the number of actual deals during the quarter only fell by 12% to 68 and Investments rose from 8% from the first quarter of 2011.

Solar companies dominate the energy and electricity generation sector, representing 21% of investment, with developer of solar thermal systems BrightSource Energy leading the way.

The alternative fuels sector took the largest hit, plummeting 57% from last year.

“Clean tech financing levels remain strong in the context of investment levels over the past several quarters,” says Jay Spencer, Ernst & Young Americas’ Cleantech Director. “We’re seeing continued commitments to solar, electric vehicles and energy efficiency technologies from the venture community, as well large corporate and private investors.”

Global Investments in Green Energy up Nearly a Thrid

‘Show Me the Money:’ Investment Real Estate Goes Green

Related Coverage