CWC Foresees Continued Growth in Clean Tech and Renewable Energy ...

09 February 2011

rm_enable 2010 saw a record number of clean technology venture investment deals as total amount invested rose 28 per cdnt to $7.8 billion.

According to Cleantech Group, 2010 marked another busy but prosperous year for the clean technology sector. During the year, the total clean tech venture investment in North America, Europe, China and India totaled $7.8 billion across 715 deals. Venture investment was a 28% increase compared to 2009 ($6.1 billion) and this made 2010 the second highest year for investment after 2008 ($8.8 billion). The 715 deals also marked a new annual record following 2009's high of 624 deals recorded.

According to Pew Charitible Trusts, there were 388 GW of installed renewable energy capacity at the end of 2010. Total renewable capacity has almost doubled in the past three years, led by Wind capacity with 193 GW. Small Hydro capacity reached 80GW in 2010, while Waste-to-Energy was 65 GW. Solar capacity was 47 GW, while Geothermal was 7 GW.

According to Per Regnarsson, Managing Partner of Clean World Capital, this rise in clean tech investment and completed deals is a reflection of the growth and direction of the industry. It is Clean World Capital's view that the growth in technology and renewable energy assets will continue in 2011.

Over 2010 the largest clean tech sector for venture investment was Solar, which accounted for 24% ($1.83 billion) of the total, followed by Transportation (17%, $1.35 billion) and Energy Efficiency (14%, $1.05 billion). Measured by number of deals, Energy Efficiency was the most popular sector (21% share, 151 deals) followed by Solar (16% share, 117 deals).

North America led the way in venture investment in 2010 accounting for 68% of the total money invested, while Europe and Israel accounted for 21% and Asia for 10%. Measured by number of deals, North America accounted for 55% of the total, while Europe and Israel accounted for 35% and Asia for 10%. During the second half of the year there was a noticeable increase in the share of investment taken up by the Asia region, which accounted for 17% of all venture investment in 2H 2010, with Europe at 23% and North America at 59%.

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