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As Oil Prices Take Off, VC Investments in Solar Zoom 133% in a Single Year

As Oil Prices Take Off, VC Investments in Solar Zoom 133% in a Single Year

It’s good times for the clean energy technology sector. Expect them to get better -- especially if high fossil fuel prices stick.

That’s the conclusion of a new report by PricewaterhouseCoopers, aptly titled: Cleantech Comes of Age.

The rundown: In 2007, venture capitalists poured $2.2 billion into cleantech start-ups -- a 45 percent jump from '06 and far more than expected.

Solar stole the show.