Friday, January 8, 2010

Clean Technology Investments Total $5.6 Billion in 2009

Nearly $5.6 billion in clean technology investment deals were agreed to in 557 deal in 2009 according to The Cleantech Group, which provides advisory services and market research for the clean technology sector. This amount may grow between $250 and $500 million once all the deals are accounted for, according to the Group.

Nicholas Parker, Cleantech Group executive chairman, said, "Record levels of activity from investors, governments and corporations in 2009 demonstrated that the market for clean technologies continues to strengthen regardless of any non binding global climate change agreement."

In 2009, there was a "surge in utility power purchase agreement (PPA) announcements with solar thermal and solar photovoltaic accounting for 80 percent of the total PPAs, while wind saw increased capacity announcements in the second half of the year aided by the extension [in the U.S.] of the production tax credit," Cleantech said.

The DU College of Law continues to be a leader in teaching about renewable energy and energy efficiency. For example, this semester key figures at the National Renewable Energy Laboratory, the U.S. government's focal point for research on renewables and energy efficiency, are teaching a class called "Renewable Energy and the 21st Century: Policy, Law, Technology, Markets."

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