VC Investments in Clean Tech Continue to Rise Despite Economic Conditions

 

Venture capital investment in green energy technologies exceeded $2.8 billion in the third quarter of 2008, far exceeding any previous quarter on record, according to Greentech Media (http://www.greentechmedia.com/) an online media company that tracks green technology news and investments.

During the first quarter of this year, $998 million worth of venture money was invested in green tech, and $1.3 billion was invested during the second quarter, according to the above source.

Investments in solar technology led the charge in Q3 with more than $1.5 billion invested in 26 financing rounds. Firms also invested in renewable energy sectors including transportation and the smart grid.

If you are interested in learning more about this sector, this organization has a very comprehensive report at:

http://www.greentechmedia.com/articles/greentech-market-taxonomy-342.html