AUSTIN, TX, October 07, 2009
/24-7PressRelease/ -- Venture Capital investment in greentech looked a lot healthier in the third quarter of 2009 compared to the previous two quarters of this year according to a report by Greentech Media.
Seen in the first chart (http://www.mercomcapital.com/news.php), the third quarter closed with $1.9 billion invested in 112 deals compared to $1.2 billion invested in 85 deals in Q2 and $836 million invested in 59 deals in Q1. The dominant investment sector was solar with $576 million invested in 29 deals. Following solar was biofuels with $513 million invested in 17 deals and smart grid with $160 million invested in 14 deals.
The second illustration (http://www.mercomcapital.com/news.php), shows year to date the total venture capital investment in greentech stands at $3.9 billion and is already the second best year for greentech VC investing behind 2008. In 2008 total greentech VC investment was $7.6 billion and 2007 was $3.5 billion.
A huge factor boosting the third quarter greentech VC investment is the money flowing into clean energy projects from the American Recovery and Reinvestment Act. More than $1 billion (http://www.mercomcapital.com/news.php) has been awarded so far this quarter to clean energy projects through the recovery act providing a much needed boost of confidence to the investment community in general.
About Mercom Capital Group
Mercom Capital Group, LLC is a public relations, public affairs and market intelligence firm specializing in clean energy. At Mercom, we help clean energy companies build powerful relationships with media, analysts, government decision-makers and local communities. We arm our clients with timely market intelligence to ensure their competitive position and overall success. Mercom Capital Group is located in Austin Texas with offices in Bangalore India. For more information about Mercom Capital Group, visit: http://www.mercomcapital.com. To get a copy of Mercom's popular market intelligence reports covering solar and smart grid, visit: http://mercomcapital.com/market_intelligence.php
---
Press release service and press release distribution provided by http://www.24-7pressrelease.com# # #
Read more Press Releases from Wendy Prabhu:Other Press Release Headlines:
