Venture investment in clean technologies including solar showed signs of returning to growth in 2013 despite ending the year 15% down on 2012, according to market analyst Cleantech Group.
According to the market research firm’s ‘i3’ clean-tech deal tracker, total venture investment deals fell from US$7.9 billion in 2012 to US$6.9 billion in 2013.
However, it also noted that on a quarterly basis, investment grew by 14.5% throughout 2013, signalling what Cleantech Group said was a “positive shift” after five consecutive quarters of decline over 2012 and into Q1 of 2013.
Of the various clean-tech sectors, solar performed strongly, the report found. Although the dollar total of solar investments fell 13% to US$719 million and the deal volume by 8% to 92 deals, solar still came in at third place, behind energy efficiency and transportation.
Sheeraz Haji, CEO of Cleantech Group, said the trackers showed strong performance by publicly listed clean-tech stocks, with five of the top 20 best performing stocks of the Russell 3,000 index of companies coming from the clean-tech sector.
“Our i3 data indicate that investors continue to shift away from capital intensive deals and move towards distributed generation, resource sharing, agriculture, and the digital oilfield theme,” Haji added.