Solar has become the leading sector of the greentech market with a fast transformation in recent reboom years. Greentech Media recently reported
VC investment in the solar industry has gone from a few deals in 2004 to potentially reach $1B in 2007. This phenomenal investment growth is spurring innovation and efficiency in each sector of the booming $15B solar industry. We are seeing a VC-funded entrepreneurial wave get the attention of incumbent solar vendors, private equity investors, government, and even reach the public consciousness at the consumer level.
The solar industry is fast growing at 25% per year, a trend that’s expected to continue for at least the next five years, according to Greentech Media’s VC Investment in Solar: 2005-2009. The graph below gives a graphic idea of how the industry has outpowered others in its class, as well as showing how investors are balking at biofuels this year compared to last year’s buzz.
Get more on cleantech this year at Cleantech Venture Investment Hits $2.6B at Earth2Tech where “by sector, solar took the cake, with 35 solar deals worth a total of $664.6 million.” And at Green Tinge Is Attracting Seed Money to Ventures at the New York Times.
How solar is getting around:
- Tindo, the Solar-powered Bus!
- Solar Green Homes delivered by Truck!
- Solara: California’s First Solar-powered Community
Via EL
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