SFCED | San Francisco Center for Economic Development


Cleantech Sees Fall in Venture Capital Investment

Global venture capital investment in cleantech fell 33 percent in 2012 year over year, according the San Francisco-based research firm Cleantech Group.

Investment in cleantech was down to $6.46 billion in 2012, from the $9.61 billion the previous year.

Among the factors cited for the drop was economic uncertainty, with companies such as Oakland-based BrightSource Energy being forced to shelve IPO plans and raise new funds from existing investors.

Read more: San Francisco Business Times Cleantech sees fall in venture capital investment – San Francisco