Economic turmoil catches cleantech: After meteoric rise, VC funding of cleantech plunges

May 2009
  • Print-friendly version
Point of view: Economic turmoil catches cleantech: After meteoric rise, VC funding of cleantech plunges

At a glance

PwC's analysis of the effect the credit squeeze and sharp fall-off in first quarter 2009 venture capital investment is having on Clean Technology.

Highlights:

  • Near stoppage in mega-rounds for solar energy companies.
  • VC exit climate remains poor: just two VC-backed IPOs since Q3 2008, M&A activity down sharply.
  • Stimulus plan cash grants in lieu of investment tax credits likely to kick in late 2009.