Clean tech investments drop sharply in 2009
by grmeyers
Not too surprising for those who made it through last year, Environmental Leader & The New York Times report clean tech investing fell by 33 percent in 2009.
Source: Cleantech Group
“Venture capital investments in green technology companies declined by 33 percent from $8.5 billion in 2008 to $5.6 billion in 2009, despite a flurry of government subsidies for renewable energy, according to a preliminary report by the Cleantech Group and Deloitte,” the Environmental Leader post stated.
As to the numbers, investments in green technology companies declined from $8.5 billion in 2008 to $5.6 billion in 2009. The decline would have been worse except for a flurry of government subsidies that were made for renewable energy.
For more detail on this report, visit either Fort Collins, CO – based Environmental Leader or The New York Times’ Green Inc. blog.
Peter Olins posted: 07 Jan at 6:37 pm
What about investment inwind-energy, surely the most mature and predictable investment opportunity? I guess that being a more mature industry it doesn’t fit with a VC growth model, but I would like to see how the numbers stack up against the sector described above.
Clean tech investments drop sharply in 2009 | Our Green Streets Blog Help posted: 07 Jan at 8:48 pm
[...] Clean tech investments drop sharply in 2009 | Our Green Streets Blog Tags: gmt, green, green-streets, holiday-week, news-minnesota, railroads-show, rails-hard, [...]