Although there was a mild rebound in cleantech venture capital investments in the second quarter of 2009, reaching US$1.2 billion in 85 deals, compared to US$836 million in 59 deals in the previous quarter, the latest quarterly report from Greentech Media shows that VC funding in the solar sector has declined for the fourth successive quarter in a row. VC investment in solar was US$333.4 million in 17 deals, down from US$836.1 million invested in Q109 from 14 separate deals, approximately a 60% fall in funding.
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