Funding for Alternative Energy Climbs
Date: Monday, April 02, 2007 @ 21:37:19 UTC
Topic: Investors


April 2, 2007, 12:48PM/ 2007 The Associated Press

NEW YORK — The amount of venture capital and private equity flowing to the worldwide alternative energy industry surged in the first quarter, according to a report released Monday by a London-based research group.

New Energy Finance Ltd. reported venture capital and private equity firms poured some $2.23 billion into alternative energy projects worldwide in the first quarter. The inflow was 58 percent above the first-quarter level last year and 60 percent above fourth-quarter investment levels.



Article here: http://www.chron.com/disp/story.mpl/ap/fn/4681197.html






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