No surprises here: cleantech investing on the rise
The Cleantech Venture Network released 1st quarter 2005 investment numbers for the cleantech industry a few days ago, and things continue to look up.
Clean energy and other cleantech investments captured 7.26 per cent of the $4.61 billion (U.S.) invested in North America, up from 6 per cent in the previous quarter.
“This push towards cleantech investing from major national and global institutions, such as GE’s recently announced ‘Ecomagination’ initiative and the commitment from institutional investors in California to commit more than $1 billioin in capital to cleantech, is an affirmation that the category offers a promising future for cleantech entrepreneurs and investors,” said Cleantech Venture Network co-founder and chairman Nicolas Parker.
Tyler Hamilton is senior energy reporter and columnist for the Toronto Star, Canada's largest daily newspaper. In addition to this Clean Break blog, Tyler writes a weekly column of the same name that discusses trends, happenings and innovators in the cleantech market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper. Tyler can be reached at tyler@cleanbreak.ca