Financial Soultions: 3rd Quarter sees big drop in cleantech investment.

2009-10-11 15:28:12 –

Year on year global cleantech investment took a 22% dive due to tight credit markets.The latest research available to Financial Soultions, released late last week shows a 22% fall in global investment into clean-energy companies, with government funding being counteracted by internationally rigid credit markets.

In the quarter from July to September, a total of $25.9 billion of new global investment was seen, dropping by 9% from the 2nd quarter and down 22% from the same time a year back.

The report by New Energy Finance did however indicate that this sphere does seem to be moving toward a recovery, with governments globally pumping more backing into alternative energy projects. The EU recently announced an investment plan to put it on a par with Asia and North America in green technology development, and China has made huge financial inroads lately into wind energy.

Overall, the report shows a dramatic growth in investor confidence from the 1st quarter.

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