September 30, 2009
Green Tech Back On Top
By Shaun Tolson
After steady declines during the first and second quarters, venture capital spending within the green sector is almost back up to pre-recession levels, according to a report by Cambridge-based Greentech Media.
During the third quarter, there were 112 green tech deals closed totaling $1.9 billion, according to Greentech, an online media and market research firm. That's up from $1.2 billion invested during the second quarter and $836 million in the first quarter.
Solar power continued to be the "green" leader, with 29 deals totaling more than $575 million. Other green industries attracting dollars included biofuels, biomass and gasification-a method of producing energy from a variety of organic materials.
WBJ Web Partners
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