Showing posts with label eSolar. Show all posts
Showing posts with label eSolar. Show all posts

Tuesday, August 05, 2008

VC investment in clean tech soars in down quarter


(Photo of photovoltaic solar panels from Flickr and and photographer Dale 331)

News Update 3: Venture capital investment in clean tech jumped 41% this quarter to a record $961.7 million, in a period when VC generally slumped 8%, according to Ernst & Young. The investment amount was a record for the clean-tech sector. Solar photovoltaics and other energy-generating companies took more than half the money, with efficiency coming in second with 20%. Smart energy meters were popular as an example of investment with a quick payback. Two major solar deals occurred during the quarter, April-June. SunEdison in Maryland got $131 million and eSolar in California $130 million. (Source: Greenwire)