Bloomberg New Energy Finance

Solar dominates VCPE investment

Ashwini Bindinganavale, 13 Oct 14
After failing to crack the USD 1 billion mark for three successive quarters, venture capital and private equity investment in clean energy companies is on the rise again as early-stage investors scent a turnaround in sentiment.

Venture capital and private equity investment in clean energy companies totalled USD 1.6 billion in the second quarter of this year, up 42 percent from Q1 and 36 percent from Q2 of last year. Bloomberg New Energy Finance recorded 52 deals that made up the USD 1.6 billion, compared with 76 deals and USD 1.2 billion of investment over the same period a year earlier. The lower deal count but higher investment from venture capital and private equity deals over April, May and June meant that the average transaction size was greater.

U.S.- headquartered battery manufacturer Boston-Power Inc. led the list of big deals in the latest quarter, with a USD 250 million expansion round. Venture capital and private equity investment in clean energy in the second quarter was dominated by two sectors – solar, at USD 720 million, and energy-smart technologies, at USD 695 million.

This is an abridged version of the article – the full text is available in new energy issue 04/2014

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