Investment in so-called “clean-tech” was down — before the Solyndra failure. But prominent clean-tech venture capitalist Vinod Khosla remains undaunted.
The Wall Street Journal reports that investment in clean tech was down 44% in the second quarter as compared with a year earlier ($1.1 vs $1.9 billion).
Sun Microsystem co-founder and biofuels investor Vinod Khosla has no plans to back off clean-tech, according to the WSJ:
Just because Solyndra failed doesn’t make it bad” for clean tech across the board, he said.
Right Vinod, clean-tech investment nosed-dived a full quarter before the Solyndra scandal exploded onto the front-page.
We’re sure your phone is ringing off the hook for the coming failure of cellulosic ethanol.