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

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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