In the News

Record 2008 for cleantech with $8.4B in investments

Date: 01/06/2009

Company: RockPort Capital

Source: Cleantech Group

The global cleantech sector pulled in $8.4 billion in investment in 2008, marking a seventh straight year of growth, according to findings released today by the Cleantech Group.

While fourth quarter deals were down 4 percent from the same period in 2007 to $1.7 billion in 99 companies, the sector finished the year 38 percent above 2007 totals.

“Investment volume is a hard metric we can assess the state of the industry by, but it’s only one metric,” said Nicholas Parker, executive chairman of the Cleantech Group. “In 2008, there was a quantum leap forward in the talent, resources and institutional appetite for clean technologies. In 2009, we’re going to see a lot of progress in terms of imagining what’s possible, and consensus around the need to really take it up a gear.”

Read full story at Cleantech Group

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