June 4th, 2009
Green boom busted?
The global outlook for clean tech energy investment is gloomy. A report by the International Energy Agency (IEA) finds that investing in alternative energy is slumping.
The IEA expects green energy investment to fall below the 2007 level, far off of last year’s record topping $80-billion US. And that takes into account over $10-billion coming from various national governmental stimulus packages. That shows how soft the private and VC investment markets have become in the past year.
Wind continbues to be the most attractive renewable energy sector for investment. Solar is a distant second.
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A newsman since 1969, Harry Fuller has worked for CBS, ABC, CNBC Europe, CNET and was founding news director at TechTV. See his full profile and disclosure of his industry affiliations.
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