Venture Capital Investment in Renewable Energy Sets Record in Q3 2008

According to a Greentech Media report, venture capitalists invested a record $2.8 billion in renewable energy in the third quarter of 2008 breaking the previous record.  This follows investments of $998 million and $1.3 billion in the first and second quarters of this year respectively, bringing total VC investments in renewable energy to $5.09 billion thus far in 2008, a 49.7% increase over 2007.

Investments in solar companies led the way with $1.5 billion covering 26 rounds in Q3 2008.

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