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.”