Monday, May 11, 2009
Report: Cleantech Investments Also Drop in Q1
Clean technology investments were not immune from the global slowdown, showing a 69 percent drop in capital and 48 percent decline in deals in Q1, according to a recent analysis by Ernst & Young. According to the firm, clean technology firms received "markedly less" investment in Q1 2009 compared with previous quarters. The report, based on data from Dow Jones Venture Source, found that $277M was raised across 24 deals in Q1. Within the clean technology sector, the energy storage sector was the largest, with $114M raised in Q1; energy and electric generation, which includes solar power, clocked in with $56M in Q1.