Ernst & Young Reports $4.6 Billion In Greentech VC Investment

Ernst & Young just released their analysis of Greentech Investment in the US, Europe, China, and Israel made by VC firms through Q3 2009.
They report cleantech investments being stronger than ever, bringing in a $4.6 Billion over the first three quarters of 2008. That’s an 82% percent increase in cleantech related investments from the year before. US is dominating the pack, contributing 3.3 of the 4.6. However, like I wrote a week ago, they believe investments will slow substantially in 2009 due to economic conditions.
According to a report released last week, a National Venture Capital Association survey has shown that although VC investment will slow in 2009, greentech will receive more venture capital than any other sector.
Despite the economy, impressive green/cleantech announcements continue to come out like this. Even recently, First Solar announced a huge milestone in the solar sector. Lots of sustainability hope to come in 2009, are you excited?