Deloitte sees pick-up in green funding

Investments in the Indian clean technology sector — solar power, wind power, advanced batteries, biofuel, etc — are expected to pick up in the next six months, according to a study by Cleantech Group and Deloitte.

Indian cleantech firms raised $21.5 million in five investment rounds in the third quarter of 2009. That’s a steep drop from the $134 million raised in the second quarter of the year, and the $185 million raised in the Q3 last fiscal.

“Opportunity in clean technology is much bigger that the IT or technology services sector as the investments are also huge in the sector, especially in the wind and solar power sector,” Kalpana Jain, senior director at Deloitte India, told DNA.