Green Technologies Get Boost From EU’s Venture Capital Funds
- Venture capital in Europe rises as focus shifts to technology
- Private equity sees ‘chapter closing’ in Western Europe
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Green technologies from rooftop solar to projects that turn waste into electricity are getting a boost from venture capital funds, which raised their investments in clean energy at the fastest pace in nine years in 2016.
VC funds funneled $834 million into the clean-energy industry last year, the third consecutive annual increase and the most since Bloomberg New Energy Finance started collecting data in 2004. For a second year, VC for green projects surpassed private equity, which dropped to its lowest level since at least 2004.