Green tech investment surges

President Barack Obama tours a museum solar display on green energy
President Barack Obama tours the solar display at the Denver Museum of Nature and Science. Photograph: Charles Ommanney/Getty Images

Green tech is back in the green.

Global venture capital investment in green technology companies reached $4.04 billion in the first half of 2010, exceeding -- slightly -- the record set in the boom year of 2008, according to a preliminary report released Thursday by the Cleantech Group and Deloitte.

Venture investment in the second quarter rose to $2.02 billion, up 43 percent from the year-ago quarter. Investments in the first half of the year spiked 65 percent from the same period in 2009.

"There's been a very clear resurgence in solar activity and that is largely responsible for the strong quarter," Richard Youngman, the Cleantech Group's head of global research, said on a conference call Thursday.

http://www.guardian.co.uk/environment/2010/jul/02/green-tech-investment-surges

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