Solar Powers $1.1 Bil US VC Investment in Cleantech in Q2 2011 (Company Overview‪)‬

US venture capital (VC) investment in cleantech companies decreased by 44% to $1.1 billion in Q2 2011 compared to Q2 2010, while deals fell 12% to 68, according to an Ernst & Young LLP analysis based on data from Dow Jones VentureSource. The decline in cleantech investment in Q2 2011 comes in comparison to the $1.9 billion invested in Q2 2010 a the highest level of quarterly VC investment on record, in which the top five deals amounted to $978.6 million. However, on a consecutive quarter basis, dollars invested in Q2 2011 were 8% greater than the amount in Q1 2011. "Cleantech financing levels remain strong in the context of investment levels over the past several quarters. We're seeing continued commitments to solar, electric vehicles and energy efficiency technologies from the venture community, as well large corporate and private investors," said Jay Spencer, Ernst & Young LLP's Americas Cleantech Director.