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Posts Tagged ‘Skyline solar’

Here is a good article from The Wall Street Journal Venture Blog.

“After an anemic first quarter, venture capital investments in clean technology rose 73% in the second quarter to a total of $572.1 million, suggesting there is momentum for an industry expected to gain steam from government stimulus funding.

The number of deals in the quarter doubled from the first quarter to 48, according to data from Dow Jones VentureSource, which like VentureWire and The Wall Street Journal is owned by Dow Jones & Co. The latest figures are still below the $1.41 billion spread across 57 deals in last year’s second quarter. (See chart at the bottom.)

But the expected release of stimulus money into the sector through grants and incentives should help get investments back on track, said Joe Muscat, Ernst & Young LLP director of cleantech for the Americas.

“Barring any unforeseen capital markets circumstances, I do think we’re in a period of growth here,” Muscat said. “People are looking both at enacted legislation and at the broader climate change legislation that will be a major enabler for companies” in the sector to grow.

During the second quarter, the largest amount of investors’ money – at $157 million – went into energy and electricity generation, which includes solar, geothermal, wind and hydro power, compared with $56 million in the first quarter.

The lion’s share of the total investment in renewable power generation, or $148.2 million, went into solar deals. One of the largest deals in solar during the second quarter was a $25 million Series A round by Mountain View, Calif.-based Skyline Solar Inc., led by New Enterprise Associates.”

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