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Investor Confidence in Cleantech Grows


Renewable Energy Worlde-Newsletter
October 26, 2007


The Cleantech Network announced that investor momentum in clean technologies
reached an all-time high as venture capitalists in North America and Europe
invested a record $1.74 billion in the third quarter.

"The combination of a rapidly improving pipeline of venture grade deals,

favorable public policy trends and growing consumer awareness of climate change
continue to point to a positive outlook for the future growth of clean technologies."

--Nicholas Parker, Chairman and Co-founder of the Cleantech Group

This brings the year-to-date level of investment in cleantech to $3.64 billion,
a 13% increase over the same period in 2006.

The Energy Generation segment continues to lead other segments within the
cleantech category with $1.2 billion invested in Q307. Of the $1.2 billion, $901
million was invested by North American VCs, a 106% increase over Q2 2007 and 52%
increase over Q3 2006. European VCs invested $315 million, showing a 222%
increase over Q2 and 31% decrease compared to Q306, which included the $395
million Airtricity deal.

The two leading segments within Energy Generation, solar and biofuels, continue
to climb. Solar investment reached $410 million in North America, a 16% increase
over Q2, and $246 million in Europe compared to the $15 million invested in
Q207. Biofuels companies raised $215 million in North America and $16 million in Europe.

This quarter also marks a new record for cleantech in Canada, with the country
investing $109M. The total amount in Q307 for Canada was 85 percent higher than
the entire first half of 2007.

"The combination of a rapidly improving pipeline of venture grade deals,
favorable public policy trends and growing consumer awareness of climate change
continue to point to a positive outlook for the future growth of clean
technologies," said Nicholas Parker, Chairman and Co-founder of the Cleantech
Group, parent company of the Cleantech Network.

 

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