Date: May 23, 2008
Source: News Room
A recent report by the National Venture Capital Association (NVCA) attributes record investment in alternative energy to record high oil prices. The exposure of pension funds and other institutional investors to alternative energy projects is small but growing with investments in geothermal to hydro, wind, solar, biomass, tidal energy and landfill gas. 'CleanTech' investments by U.S. venture firms hit a record $2.6 billion from 168 deals in the first nine months of 2007, exceeding the $1.8 billion from 180 deals in all of 2006, according to data from NVCA. According to the report many funds have yet to realize returns from alternative energy which reflects the long gestation period required for such projects.
The National Venture Capital Association (NVCA): www.nvca.org.
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