April 7, 2009

1Q 2009 cleantech investment drops

Market research firm Cleantech Group reported that venture investment in the clean technology sector fell 41% to around $1 billion for the first quarter of 2009 compared to the 4Q '08.
“We knew the numbers were coming down. Capital markets overall have dropped the past two quarters and cleantech as a subset is not immune to that,” said Brian Fan, Cleantech Group senior director of research. “We didn’t record a single $100 million deal. That’s very unusual. We haven’t seen that for several years.”

North America accounted for 68 percent of the 1Q09 investment total, while Europe and Israel accounted for 28 percent, China for 2 percent and India for 1 percent.

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