Solar Investments Shaped 2010 Growth in Cleantech Investment
The Energy Electricity segment raised $1.32 billion in 2010, the most venture capital funding for the year, according to an Ernst & Young LLP analysis based on data from Dow Jones VentureSource.
February 16, 2011
That $1.32 billion was largely attributed to investments in follow-on solar deals and a second generation of solar companies, wrote Ernst & Young in a ColoradoBiz magazine article. Investments in solar in 2010 increased by 77 percent to $1.58 billion, the article says.
The largest deal for all of Q4 2010 was completed by Abound Solar, a Fort Collins, Colo.-based provider of photovoltaic modules, which raised $111.18 million. In Q4 2010 solar investments reached $279.17 million, an increase of 129 percent compared with the same period last year. Another notable deal in this segment: a solar cell developer, SoloPower Inc. of San Jose, Calif., raised $51.57 million.
"Dominating cleantech investment"
