Report: 2011 Cleantech Investment Beat Out 2010 Levels, Set To Continue Rising

Posted by SI Staff on January 06, 2012 No Comments
Categories : New & Noteworthy

A new report offers good news for solar and other forms of clean technology: Cleantech venture and corporate investments around the globe totaled $8.99 billion in 2011, a 13% increase over 2010, according to research firm Cleantech Group's preliminary results for last year. In addition, cleantech mergers and acquisitions reached record highs in 2011, with 391 deals and a dollar volume of $41.2 billion, a robust 153% growth over 2010.

Throughout 2011, investment totals grew while the number of deals declined by 7% compared to 2010, an indication that average round size is increasing, according to Cleantech Group. Of the 713 deals, 61% (438) were Series B or later rounds, accounting for 85% ($7.64 billion) of all money invested during the year.

Investments in North America grew significantly from $5.20 billion in 2010 to $6.81 billion in 2011 – a 30% increase. On the other hand, Europe and Israel took a step back, with $1.30 billion invested in 2011 compared to $1.84 billion in 2010.

According to the report, solar was the leading sector by amount invested ($1.81 billion) in 111 deals, including action from the following companies:

  • BrightSource Energy raised $201 million from VantagePoint Capital Partners, Alstom and others;
  • Stion raised $130 million from AVACO, Taiwan Semiconductor Manufacturing Co., Khosla Ventures and others; and
  • Miasole raised $106 million from VantagePoint Capital Partners, Voyageur Mutual Funds and others.

Cleantech Group notes that it has high hopes for clean technologies in the coming year.

‘While 2011 has been a difficult year for cleantech and venture capital, our 2011 numbers show surging interest in cleantech from global enterprises," says Sheeraz Haji, CEO of Cleantech Group." Despite some of the well-publicized headwinds, venture capitalists continue to invest in cleantech. Based on our historical data, we believe 2012 will be an all-time record year for global cleantech investments."

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