2 July '10
2:52 PM UTC
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The Week In Green Energy: Government As A Long-Term Investor

With the clock ticking on key stimulus-funded renewable energy programs, green capitalists are concerned. They are pressing Congress and the Obama administration to extend these funding programs, including the very popular 1603 direct cash grants.

Cleantech investors and developers want more than one-time handouts and are asking for long-term government funding.  At stake, they say is the U.S.’s ability to lead the global green economy.

This unabashed call for government money was one of the dominant themes of the (REFF), which recently ended in New York (see here or here for our coverage).  At a time when governments in industrialized economies are curtailing spending — or if they aren’t, are being pressed to do so — this call for more government intervention may seem unlikely to get much response. However, Wall Street’s green capitalist argue that governments have always supported strategic industries — like the oil and gas industry or agriculture – and they say renewable energy is one such industry. As is private capital alone can’t invest the large amounts required for clean energy to start making a serious dent on key emission targets, they add.
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25 June '10
2:41 PM UTC
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The Week In Green Energy: Go for Broke

Week of: 06. 21.10 – 06.25.10


What could have been a pivotal week for clean energy and climate change bill ended up being kidnapped by General Stanley McChrystal and his colorful comments . The president bunkered in with his national security team on Wednesday to figure out how to respond to the McChrystal issue instead of taking a scheduled meeting with a bipartisan group of senators to reach a consensus on energy and climate legislation.
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18 June '10
1:35 PM UTC
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The Week In Green Energy: The IPO Track

Week of: 06.14.10 – 06.18.10

Not every cleantech IPO is on the right track

There are few things as exciting to the cleantech world as a juicy initial public offering (IPO), and this week has been full of news on that front. Electric car maker Tesla Motors said it will sell 11.1 million shares to the public on June 29 at a price ranging between of $14 and $16 a share, raising up to $178 million. Then, Italian electric utility Enel said it would go ahead with the share sale of its renewable unit in October. The deal is expected to raise as much as  €3 billion ($3.69 billion), and will be one of the sector’s largest offerings so far.

Then again, few recent IPOs have shown themselves to be on the right track.

Take Solyndra, the California maker of thin-film photovoltaic cells: On Thursday:  that it had folded IPO plans that could have raised as much as $300 million. Instead, Solyndra turned to its investors to raise $175 million in convertible promissory notes. The company blamed “uncertainties in the public markets” for the cancellation.  Read More »

11 June '10
11:20 AM UTC
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The Week In Green Energy: BP’s Cleantech On Thin Ice?

It started out as idle speculation: could BP, one of the world’s largest and most profitable companies, that began on April 20. But, after another calamitous week for the British oil and gas company’s stock and a fresh battering from American politicians, the threats to BP existence are now being taken seriously by analysts and investors. One report that has fuelled chatter, released Thursday by British bank Standard Charter, laid out a scenario in which PetroChina, the state-owned oil and gas company, would take over BP. The research note highlighted that, with spill costs expected to go north of $40 billion, such a scenario was not that far-fetched. A BP spokesman told G.E.R. that it does comment on any “market rumors or speculation.”

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11 June '10
9:36 AM UTC
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American Energy Innovation Council: Triple R&D Spending, Create Energy Strategy Board

The United States should triple clean energy R&D to $16 billion a year, a council composed of General Electric’s Jeffrey Immelt, Bill Gates and John Doerr and others, has recommended.

The also recommended that government fund the Advanced Research Projects Agency-Energy (ARPA-E) at $1 billion a year to focus on high-risk, high-payoff strategies and that lawmakers create an independent national Energy Strategy Board.

The council’s report, titled “A Business Plan for America’s Energy Future,” calls for energy innovation to start today: Read More »

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