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Clean tech investment off the charts in first quarter

First-quarter project capital investment soars 83 consistent with cent 12 months on 12 months to $1.9bn

Clean tech project capital offers throughout the global’s biggest markets reached report heights in the first quarter, in keeping with analysis launched the day before today by way of Deloitte and the Cleantech Group.

The analysts introduced that project investment in the blank tech sector was once up 83 consistent with cent from the recession-hit first quarter of 2008, attaining $1.9bn (£1.2bn), whilst the 180 project capital offers finished all the way through the first 3 months of 2010 broke the earlier report set in the remaining quarter of 2009.

“The bounce-back in venture investment from lows in early 2009 has continued, with the first three months of 2010 representing the strongest start to a year we have ever recorded,” mentioned Sheeraz Haji, president of the Cleantech Group. ” Key to the growth has been increasing interest in a broader range of clean tech themes, such as smart mobility and resource efficiency, which are now taking over from the historically dominant renewable energy sector.”

The corporate mentioned the surge in investment has been partially fuelled by way of quite a lot of executive incentives in the power sector, in addition to direct investment for sensible grid and effort potency tasks.

(businessGreen.com)

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