Report Green venture capital investment surges

Venture capital investment in green-energy technologies exceeded $2.8 billion in the third quarter.

That’s the greatest amount of funding for a single quarter in the records of Greentech Media Inc., which tracks news about environmentally friendly technology.

In the first quarter, green technology attracted $998 million in venture capital, followed by $1.3 billion in the second quarter.

According to Greentech’s report, solar technology won the most venture capital in the third quarter, with more than $1.5 billion invested in 26 financing rounds.

“VC investment in green energy technologies in 2008 has already far exceeded last year’s totals and we anticipate strong activity to come in the fourth quarter and through 2009,” says Eric Wesoff, senior analyst at Massachusetts-based Greentech. “Despite less-than-optimal market conditions, there are a number of renewable energy initial public offerings filed and on deck.”

http://www.bizjournals.com/charlotte/stories/2008/09/29/daily38.html

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Report Green venture capital investment surges