Global Cleantech Investment Up 12% In Third QuarterPosted by weijing3333 on May 25th, 2015 Img source:backup battery charger North America accounted for 76% of the total amount invested, while the Asia Pacific region accounting for 14%, and Europe and Israel for 10%. North American companies raised .69 billion, up 17% from the second quarter and up 59% from the same period a year ago. The total of 128 deals disclosed marked a record high for cleantech VC rounds in the region.Asian companies raised 3 million in 21 disclosed rounds. India ranked third after the U.S. and the U.K. in amount raised, while China ranked third in number of deals globally. European and Israeli companies raised 0 million, down 34% from the second quarter and down 32% from the same period a year ago. There were 40 deals, down from 44 in the previous quarter.Both the initial public offering (IPO) and mergers and acquisitions (M&A) markets were a bit slower in the third quarter compared to the first half of the year. China remained the top country for cleantech IPOs: Eleven of the 14 IPOs in the quarter came out of China, with four Chinese solar cell/panel manufacturers raising a total of 2 million. M&A activity remained strong and significantly higher than last year."While financing remains constrained, it's great to see growth in venture activity," says Sheeraz Haji, CEO of Cleantech Group. "Energy storage emerged as our top sector, indicating continued strong interest in advanced technologies for grid storage as well as for electric vehicles." JinkoSolar Holding Co. says that Phase I of an environmental safety upgrade at its Haining City, China, manufacturing facility is complete.Zhejiang Jinko Co. Ltd., a wholly owned subsidiary of JinkoSolar, conducted an investigation of its temporary waste storage unit adjacent to the manufacturing facility with an independent Chinese Environmental Agency, in response to concerns after a solid-waste spill into a nearby brook last month. The incident set off violent protests at the time.JinkoSolar says the spill occurred due to unforeseen extreme weather conditions. Fluoride is a highly water-soluble component, and the amount released from the Zhejiang site diluted within days, the company adds.JinkoSolar believes it has now taken necessary steps to establish appropriate protocols and prevention plans for extreme weather conditions and now imposes regulations that are stricter than the industry standard. Like it? Share it!More by this author |