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Economic turmoil catches cleantech: After meteoric rise, VC funding of cleantech plunges
May 2009
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.
Of further interest