M&A up, IPOs down in 'surprising' year for cleantech

Sheeraz Haji, chief executive of the Cleantech Group, which tracks global investment in the sector, says the working title for his fourth quarter 2011 presentation was "Cleantech did not implode".

Indeed, taken as a whole, investment numbers in 2011 present "some surprising signals of real strength".

Mergers and acquisitions (M&A) in the sector more than doubled to a record of $41.24bn, for deals with values disclosed, demonstrating "incredible interest by global corporations", he says.

Venture capitalists continued to fund cleantech companies, putting nearly $9bn into 713 deals, with the solar industry maintaining its position atop the dollar-value leader board. Meanwhile, "wind is not a popular category for venture and innovation investments", Haji says. Only 29 deals were done in the sector last year, Log in to read complete article.

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