Clean Technology Set to Accelerate in 2011, Ernst & Young Says
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Investments in clean technologies from electric cars to light-emitting diodes are set to accelerate next year after gathering momentum in 2011, the global accounting firm Ernst & Young said.
Venture capital plowed into companies including renewable power generators and makers of batteries and biofuels rose 25 percent in the first three quarters of 2010 from the same period last year, and is set to total $4.9 billion by year-end, the company said today in a report. Share sales in the sector this year have grown 75 percent to $9.1 billion, led by Enel Green Power SpA’s $3.1 billion offering, it said.