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Home > Plugged In > Archives > 2008 > April > 10 > Entry
Clean tech still growing - but slowing
A report just out from the Cleantech Group shows that investments in North American clean technology companies involved in areas like solar, wind or biofuels rose by about 35 percent in the first quarter of this year from a year ago, to about $873 million.
The number was down, though, from the fourth quarter and record-breaking third quarter of last year, when venture capital investments in clean tech companies hit all-time highs.
Among the biggest deals tracked by Cleantech during the quarter was a $50 million investment in Suniva, a Atlanta-based company that makes solar cells.
Biofuels was the most popular category for venture investors, who sunk $195 million into the sector. Solar, LED lighting, materials and battery sectors followed.
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