2012 could be a record-setting investment year for cleantech ventures, at least according to US-based research company The Cleantech Group. In 2011, the company reported that worldwide clean technology venture and corporate investments grew by 13% to a whopping $8.99 billion, with cleantech mergers and acquisitions totaling 391 deals and $41.2 billion.
While 2011 has been a difficult year for cleantech and venture capital, our 2011 numbers show surging interest in cleantech from global enterprises,” said Sheeraz Haji, CEO of Cleantech Group. “Despite some of the well-publicized headwinds, venture capitalists continue to invest in cleantech. Based on our historical data, we believe 2012 will be an all-time record year for global cleantech investments.”
Just a few weeks into 2012, there’s reason to believe Haji is exactly right: already there have been announcements of a new $270 million healthcare and sustainability fund from Massachusetts-based Flagship Ventures; a new £95m fund from Scottish Equity Partners, which combines nine of SSE’s cleantech ventures, with five more to follow; and a total $18.7 million of a proposed $22 million already raised by California-based AQT Solar.
“I don’t think the level of [cleantech] activity has gone down,” Flagship managing partner Noubar Afeyan told Boston.com. “I think that the level of noise has gone down. There was a time in cleantech when people were just spraying money around indiscriminately. What we’ve seen is that cleantech has turned out to be more like biotech. You need patient, flexible execution to generate reasonable companies.”
This kind of news is exciting for the world of cleantech, particularly for solar energy—and at Soluxe Solar, we’re always excited to hear about ways solar energy can spread and grow. Here’s to 2012!
Welcome to Soluxe Solar’s blog. We’re pleased to help you with your transition to solar energy; we’ve helped thousands of people take charge of their energy costs over the past eleven years. The way we see it, there’s no reason not to go solar. PV has gone far beyond being a green option for people who are looking to live completely off the grid by giving up all luxury for a sustainable lifestyle. Technology has advanced and price of photovoltaics has come down so significantly that it’s not an emotional decision, but a financial one. In fact, there is no reason to NOT go solar; your money can make you more in the form of solar (at a 10% higher yield) than leaving money in the bank. Not too shabby. We’ll show you how we came up with that number in a future post. We promise we didn’t just make it up!
So why did we choose to call our blog Up on the Roof? Well, we think the roof is the final frontier in home improvement. People are quick to redo a kitchen for shiny new granite countertops, but, quite frankly, that doesn’t add any real value to the home. We don’t care too much about what roofs looks like. We only fix our roof when we have to. But there it is, basking in the sunshine, unused but for birds and weather vanes. So we’re taking it back. Making the roof a beautiful, functional and valuable part of the home.