Cleantech investments decline
New investment figures from the Cleantech Group have ‘called peaks’ in investment into conventional ethanol, European wind and solar thin film sectors.
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The company's latest cleantech investment data, released today, asserts that a wave in U.S. ethanol and European wind energy investment that had built since 2005 actually peaked in 3Q06 at $1.52 billion, and has steadily declined since.
Further, driven by investments in U.S. and European companies, a thin-film solar investment wave in 2007 peaked in 3Q07 at $1.83 billion invested, and has since contracted for two consecutive quarters, to $1.56 billion 4Q07 and $1.25 billion in 1Q08, the company said.
Thin-film technologies apparently accounted for approximately two-thirds of investments in solar, while crystalline technologies accounted for another third.
The assertions come in the company's latest quarterly investment data tracking investment up to, and including, 1Q2008. The data paints a picture of declining cleantech investment in the last two sequential quarters.
While the long-term investment trend shows continued expansion of the category as a whole, we are seeing contraction in what had been the market-leading sectors of first generation biofuels and second generation solar,” according to John Balbach, managing partner at Cleantech Group.
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© Chilli Publishing Ltd 2008 |
30 APR 2008 |
