Green

Solar power dominated cleantech investments in April

Investors were still pouring money into solar power ventures in April — with about 45 percent the $330 million invested in clean technology ventures pointed toward solar power startups.

Wind power ventures were still able to attract nearly $45 million, or 14 percent of investments made in clean technology in April, despite the technology already being far along. LED lighting systems, which are more efficient and last longer than typical lighting systems, brought in about $62 million in funding and was the second-most-funded group in April.

Clean technology ventures raised $2.6 billion in the first quarter this year, with most of the funding going into late-stage companies that are already preparing to go public. Solar power ventures will still the hottest companies in the first quarter, bringing in $641 million across 26 deals.

The list was composed by Greentech Media, a Massachusetts-based news and research firm that focuses on clean technology. There were 26 investments made into clean technology ventures in April. Here’s a breakdown of all the funding in specific sectors:

Solar Power $147 million

Fuel cells and energy storage $38.4 million

Smart Grid $25.3 million

LED Lighting $61.5 million

Biofuels $15 million

Wind Power $44.8 million

Power conversion and efficiency $12.2 million

Transportation $700,000

Tidal power $6 million

Clean fossil fuel burning $2 million

[Photo: Jimmy_Joe]

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