Bright Side of the Clean Power Plunge: It’s Not the ’70s

Cleantech startups were a bright spot in terms of overall venture funding in 2008. But while the sector pulled in record investment from VCs, as BusinessWeek noted recently, shares of cleantech companies fell harder than the rest of the stock market. According to the Wall Street Journal, the WilderHill New Energy Global Innovation Index of clean energy stocks fell 66 percent in the first 11 months of 2008. Solar stocks alone plummeted a dizzying 76 percent. That’s a significantly deeper dive than the benchmark MSCI World Index, which dropped 44 percent.

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