The Global View

Cleantech gets $5.18 billion investment

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If you’re a fan of Andrew Lang, or even if you’re not, you might have heard the quote: He uses statistics as a drunken man uses lampposts — for support rather than for illumination. Greenbang is happy to be the lamppost to your drunk man with some stats from The Cleantech Group:

Venture capital investment in cleantech for 2007 hit new highs as deals in North America and Europe totaled $5.18 billion, according to data released today.[…]

The report counted 172 deals in energy generation in 2007, totaling $2.75 billion invested into the sector. North American companies continue to receive the lion’s share of cleantech venture investing, with North American-based companies receiving over 3x the investment of European-based companies.