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Solar VC funding past $1 billion in 2007, says Greentech Media
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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."
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