As resources become ever more scarce, the scramble for renewable energy products is becoming increasingly focused. In Europe, this is leading to a major push by countries and large cities to encourage and facilitate investment in the sector. The newly elected French president Emmanuel Macron is set to stop granting oil and gas exploration licences, while London's mayor Sadiq Khan launched a £1.6 million cleantech incubator just last month. On a continent-wide basis, the EU has set a target 20% for the combined energy of its member states to come from renewables by 2020.
Since the start of 2012, 477 VC investors have participated in at least one of the 684 cleantech deals in Europe, according to PitchBook data. Of these deals, nearly 30% have been made in the UK, while 13% were made in France.
Here are the top seven VC investors in European cleantech companies—including government-backed agencies— since the beginning of 2012, along with their investment counts (excluding accelerator rounds):