Clean Technology Venture Investment Totaled $5.6 Billion in 2009
Despite no binding climate change accord in Copenhagen, VC investment in cleantech is on a global rebound, say The Cleantech Group and Deloitte. Strong M&A and IPO activity in Asia and an increased share of VC investment in Europe underscore the global growth of cleantech.
January 06, 2010
The Cleantech Group and Deloitte today announced preliminary 2009 results for clean technology venture investments totaling $5.6 billion in 557 deals in North America, Europe, China and India. That's compared to $8.5 billion in 2008.
According to the preliminary results, 2009 may turn out to be the second best year on record for clean technology venture capital investments. (Cleantech Group and Deloitte graph)
$5.6 billion is a preliminary figure. Late investments yet to be announced could push the figure up, making 2009 a record year for number of cleantech VC deals. It could even match 2007, when just over $6 billion were invested.
In parallel to trying to reach carbon agreements, governments spent the year earmarking hundreds of billions of dollars for clean technology in pursuit of economic growth. And in the private sector, about a quarter of all global venture investment capital was invested in cleantech in 2009-more than software, biotech or any other category.
The Cleantech Group predicted a good year for cleantech in 2010. One of the big trends they see is that energy efficiency -- e.g., lighting, buildings, sensors -- will be an important sector to watch, and could eclipse solar (due in part to solar's decline).