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Solar Investments Shaped 2010 Growth in Cleantech Investment

by LiveModern Webmaster last modified Jan 04, 2012 02:11 AM
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by Denis Du Bois last modified May 13, 2011

February 16, 2011 -- The Energy Electricity segment raised $1.32 billion in 2010, the most VC funding for the year, according to an Ernst & Young LLP analysis based on data from Dow Jones VentureSource. -- Energy Priorities




 

 

February 16, 2011 -- http://energypriorities.com/ --

The Energy Electricity segment raised $1.32 billion in 2010, the most venture capital funding for the year, according to an Ernst & Young LLP analysis based on data from Dow Jones VentureSource.

That $1.32 billion was largely attributed to investments in follow-on solar deals and a second generation of solar companies, wrote Ernst & Young in a ColoradoBiz magazine article. Investments in solar in 2010 increased by 77 percent to $1.58 billion, the article says.

The largest deal for all of Q4 2010 was completed by Abound Solar, a Fort Collins, Colo.-based provider of photovoltaic modules, which raised $111.18 million. In Q4 2010 solar investments reached $279.17 million, an increase of 129 percent compared with the same period last year. Another notable deal in this segment: a solar cell developer, SoloPower Inc. of San Jose, Calif., raised $51.57 million.

"Dominating cleantech investment"

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By Denis Du Bois at Energy Priorities


 

 

 
 
 

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