October 24, 2008

Record clean tech investments

Despite a worldwide financial downturn this past few months, venture investments for clean technology in North America, Europe, China and India are said to have reached a record $2.6bn just in the third quarter of 2008 alone, according to the market research and financial service Cleantech Group.

Investments in the past three quarters of 2008 have totaled to $6.6 billion, exceeding the full-year 2007 total of $6.0 billion, the group reported. Major sectors receiving these green backings include smart grid companies, algae companies, and thin-film solar companies.

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