Power surge for cleantech? Nope, says London research firm
Sun not shining on cleantech deals
Related Blog Posts
On The Web
Site Search
Get the latest news alerts: Follow LTW at Twitter.
Local Tech Wire, AP
DENVER - A London-based research firm says third-quarter overall investment dipped for the clean technology sector which was hampered by a lack of access to credit markets.
New Energy Finance reported Friday that global investment in cleantech was about $25.9 billion in the third quarter, down 22 percent from the year-earlier quarter.
The firm also projected that cleantech investment for the year will end up between $95 billion and $115 billion, down from $155 billion in 2008 and $148 billion in 2007. In 2006, cleantech investment totaled $93 billion.
Earlier this week, Cleantech Group LLC and Deloitte reported that third-quarter venture investment in the clean tech sector totaled $1.6 billion in 134 companies in North America, Europe, China and India.
New Energy Finance reported that venture investment was $2.2 billion, up from $1.4 billion in the previous quarter.
The total investment amount was 42 percent less than the year-ago total and was 9 percent than in the previous quarter. Still, funding was nearly double the $13.3 billion invested from January to March.
“It is heartening to see that the collapse in investment seen in the first quarter of this year is firmly receding in the rear-view mirror,” said New Energy Finance Chief Executive Officer Michael Liebriech.
“However, the financing environment remains difficult, with undue reliance on stimulus funds, development banks and state-backed capital providers of various sorts,” he added. “Most significantly, the levels of investment required to bring global carbon emissions to a peak during the coming decade are as far out as reach as ever – particularly significant given the rapidly approach Copenhagen [global warming] deadline.”
The investment figure includes venture capital, private and public equity, asset financing, bonds and corporate debt.
Featured
Hot Off The Wire
- Red Hat's new Fedora lead; Cree LED breakthrough; Google, Cisco top 'green' list; Oracle rejects SAP settlement; Yahoo board shakeup
- Will Cisco report progress in its turnaround efforts?
- Cisco server fire threat; Lenovo Android upgrade; cloud startup vs. Cisco; Epic's Blesinski to host awards; Google 'Solve for X'
E-mail Preferences
The Skinny
- Charlotte's startup efforts pick up steam as more data pours in
- 'Battle in Bay 7' returns - Are you techies ready for some basketball?
- Inside RTP's new angel fund: Founders meeting 'significant' need
- Who won 'Social Bowl'? Super Bowl ads paying fans to play
- RTP broadband firm Overture, minus two top execs, launches new look
- Will RTP-based ChannelAdvisor go public? They're thinking
- What brands are winning Super Bowl hype? Two Durham firms to find out
- In Super Bowl of social media, Patriots win, Triangle firm says
- Big job cuts coming at IBM? Don't be surprised
- Erskine Bowles is among those who can cash in big time on Facebook IPO