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While cleantech seems poised to be a huge growth opportunity, the fact is that IPO investors have been somewhat skeptical. Just last week, the thin film panel maker, Trony Solar Holdings, pulled its public offering.
But, this is not stopping other cleantech companies from trying. For example, Solyndra has filed for an IPO.
Continue reading Solyndra: Hot Cleantech Company Looks for an IPO
Venture capital investment in clean technology grew 10% from the second quarter to the third this year. According to a report by the Cleantech Group and Deloitte, 134 companies received investments of $1.59 billion – up from $1.2 billion in the second quarter. The sector's upward trajectory continues, with last quarter marking the second in a row of double-digit growth. In the first quarter of 2009, venture capital investment in cleantech companies hit a low of $1 billion.
The strong third quarter has made the cleantech sector the largest in the venture capital business, according to the Cleantech Group, pulling ahead of biotech. Twenty-seven percent of venture capital funds invested in the second quarter of 2009 went to cleantech companies – up from 3% at the beginning of 2004.
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