2009 proved to be a tough year for cleantech stocks. The fallout from the credit crunch hit the cleantech sector in a variety of ways. Obtaining debt financing to fund wind farm and solar park projects was very difficult, causing problems for both quoted and unquoted companies that had been expecting to expand such projects during the year.
Meanwhile, although poor sentiment towards equities caused a general decline in stock markets around the world during the spring, cleantech stocks were particularly badly hit as investors shunned the sector.
