A RISING WIND

Venture Capital Cleantech Investments Rise In 2010
19 January 2011 (North American Windpower)

"Venture capital (VC) investments in the wind, solar and smart grid sectors were up in 2010, according to [Wind Funding and M&A 2010 Report] released by Mercom Capital Group LLC, a global clean energy market intelligence, consulting and communications firm."

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"...The wind sector saw a 40% increase in VC and private-equity activity in 2010, with $277 million invested compared to $198 million in 2009. Large offshore wind projects boosted project funding activity to over $9 billion in 2010. Mergers and acquisitions (M&A) transactions in the wind sector came to a total of $1.3 billion in 23 deals, with the $860 million acquisition of John Deere Renewables by Exelon making up the bulk of it.

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"Top smart grid VC transactions included the $165 million raised by Landis+Gyr, the $106 million raise by Trilliant and the $52 million raised by OpenPeak. The acquisition of Ventyx by ABB for more than $1 million remained the largest M&A transaction for the year."