From the MarketResearch.com website:
Investments In The Alternative Energy Industry Surged By 59% In 2009
Investments in the alternative energy market saw a 59% increase in deal value, reporting $678.1 billion in 2009, compared to $425.5 billion in 2008. The move towards greener sources of energy has gained momentum, driven by environmental necessity, coupled and the recovery in the economy in the last quarter of 2009. This resulted in the announcement and completion of major deals with high deal values in 2009. Further, the number of deals witnessed a marginal decrease from 3,494 deals in 2008 to 3,122 deals in 2009.
GlobalData expects that the market will improve further as industry players will begin to seek opportunities for consolidation, and many companies are looking to larger potential economies like China and India in light of the expected economic recovery boost. Going forward, the ease of financing and government grants will also uplift the alternative energy industry.
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