Global energy and clean technology venture investments topped $1 billion for the first time in the first half of 2007, goosed by some
huge late-stage
equity deals, but also supported by growth in startup investment in new technology companies. Ernst & Young and Dow Jones VentureOne pegged investment at $1.1 billion and projected that cleantech investment is on track to grow more than 35% for the year.
The U.S. was home to the largest number of deals, with 71 fundings totaling nearly $900 million, with Europe drawing $80 million in 19 deals. The report noted that China and Israel have no reported activity, but are nascent markets for cleantech startups.
During the half-year period, cleantech investment as a sector grew to 5.4% in the U.S and 4.4% in Europe. Solar continues to be the dominant sector in the U.S, but alternative fuels and wind power draw greater amounts of investment in Europe.
- Clifford CarlsenSee May story from TheDeal.comSee February story from TheDeal.com
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This beats the WSJ anytime. Good job.
Mark