Investment in Clean Tech
Last week at the Renewable Energy Financing Forum there were some great data points given about the level of investment in renewable energy and clean tech. The rate of growth and the sheer amount of investment are overwhelming:
- 2006, the total venture investment was $2.4B – of that amount, $1B was invested for “steel in ground” projects
- 2007, Q1, the total venture investment was $0.9B – a run rate of $3.6B for the year
- 2006, mergers and acquisitions totaled $41B
- 2007, year-to-date, mergers and acquisitions totaled $43B
- 2006, initial public offerings raised $7.3B
- 2007, year-to-date, initial public offerings totaled $2.2B – it’s worth noting another $5.5B in value has filed for 2007 though has not yet been offered.
The numbers are staggering, particularly when one considers that the total venture investment in this space was a mere $400M in 2003. The source for this data generally is New Energy Finance.