Your daily dose of Photovoltaic Technology Developments and Solar News

• Most Popular Articles

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• Editor's Picks

  • Top stories 2008 – Materials – could UMG be the answer?
  • Massive 168% photovoltaic module overcapacity to cause pricing collapse in 2009
  • Solar Santa: Ohio doles out millions in development dollars to local PV companies
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• Latest Videos

  • Canadian Solar VP Robert Patterson talks Umg Si product lines - 150MW-plus in 2009
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  • A passion for solar change: Anton Milner, Q-Cells CEO - exclusive interview

Greentech Media, Inc. has reported that solar energy businesses received more than $1.05 billion in Venture Capital in 2007 via 70 financing rounds. Investment in renewable energy reached $3.4 billion for the year, according to Greentech Media.

"VC investment in renewable energy in 2007 was up 50% over the previous year with more than 220 funding rounds across the entire spectrum of renewable energy - from solar to batteries to energy efficiency," said Eric Wesoff, Senior Analyst at Greentech Media. He added, "Investors are looking for 2008-2010 to be the years of renewable energy exits."