New research shows cleantech sector faces difficult financing environment on road to recovery

Clean energy investment down 22 percent

DENVER — A London-based research firm says third-quarter investment in the clean technology sector fell 22 percent in the third quarter compared to a year ago.

New Energy Finance reported Friday that global investment in cleantech was about $25.9 billion in the third quarter and was hampered by tight credit markets.

The total is down 9 percent from the second quarter but nearly double the $13.3 billion invested from January to March.

The investment figure includes venture capital, private and public equity, asset financing, bonds and corporate debt.