Posted on Friday, April 23rd, 2010 at 2:19 pm
The Cleantech Group this week released preliminary Q1 2010 results for clean technology venture investments in North America, Europe, China and India, totaling US $1.9 billion across 180 companies. Cleantech venture investment was up 29% from the previous quarter and up 83% from the same period a year ago. The 165 deals recorded in Q1 2010 represents a new record total, edging ahead of the previous high set in Q4 2009. Growth in cleantech venture investment was matched by new investment from utilities and corporations. Total capacity additions announced by utilities increased in Q1 2010 compared to Q4 2009, as government incentives spurred spending on the part of companies. In the corporate space, direct investments announced during Q1 2010 increased by 140 percent quarter over quarter compared to Q4 2009, primarily by energy and consumer and industrial products companies, significant investments in biomass and wind projects were announced by Royal Dutch Shell, General Motors and Valero Energy.
