An
Ernst & Young report based on data from Dow Jones VentureOne noted
that investments by U.S.-based venture capitalists in the solar energy
sector reached $132.4 million in 1Q08, a 136 percent increase over the
same period in 2007.
The quarter was noted for the $57 million investment in concentrator solar cell start-up Infinia. The growth in investments was attributed to the continued mandatory renewable portfolio standards (RPS) initiative that has now garnered support from 25 states and the District of Columbia.
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Investments in the ‘cleantech’ sector as a whole grew by 18 percent to $571.6 million in Q1 2008, compared to $483.9 million for the same period in 2007.
