29 December '09
4:53 PM EST
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Funding
Policy

Renewable Energy Investments Set to Grow in 2010 Despite Failed Copenhagen Summit

President Barack Obama brokering an agreement at the Copenhagen climate change Conference that critics say doesnt do genough to address the problem of global warming

President Barack Obama brokering an agreement at the Copenhagen climate change conference that critics say fails to address the problem of global warming.

Will the failed Copenhagen Climate Change Conference dampen investments in the clean energy sector? The short answer is no. With or without a binding agreement, demand for renewable energy will continue to grow next year and beyond. Ironically, China will lead this growth, in spite of playing an instrumental role in turning Copenhagen into a fiasco. Read More »

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10 December '09
2:01 PM EST
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Cleantech
Funding

Bloomberg Buys Green Data Provider New Energy Finance

Picture 1Bloomberg, the news and financial data provider, has acquired New Energy Finance, one of the pioneer renewable energy market research firms, in a bid to meet growing demand for renewable energy news and data as global clean tech investments are surging.

The two companies did not disclose financial terms. Bloomberg, one of the few media companies that’s doing well these days, is on a buying spree, having just purchased BusinessWeek. Read More »

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3 December '09
11:50 AM EST
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Cleantech
Funding

Treaty or Not Global Renewable Energy Investments to Climb to $200B

Prospects for a comprehensive climate change treaty in Copenhagen are dim but the investment outlook in cleantech remains extremely positive. Bloomberg News, citing data from market research firm New Energy Finance, reports that companies and governments will invest $200 billion in renewable energy next year, up nearly 50 percent from $130 billion invested in 2009 and above the $155 billion invested in 2008.

Whatever the outcome in Copenhagen — and they’re not good — utilities and energy companies, among others,  are going green, many having accepted that it’s a matter of time before the pricing of carbon becomes a reality. Read More »

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19 November '09
10:28 AM EST
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Funding
Policy

Slow Start This Morning, But We’re Back With Green Stimulus News

Department of Energy Special Adviser Matt Rogers said yesterday that he’s trying to get stimulus money for cleantech projects out the door quickly but 91 percent of global green stimulus money is still unspent, according to New Energy Finance.

New Energy Finance Chairman Michael Liebrich said at the Clean Energy Expo in Singapore that global stimulus spending may double from $24.3 billion in 2009 to $57.8 billion next year then dip to $55.6 billion in 2011, Bloomberg reports.

The United States has been quick out of the gate, however, with $66.6 billion pledged compared with China’s $46.8 billion.

Rogers talked yesterday about some of the administrative hurdles associated with moving that much money out that quickly a rattled off a list of confusing programs with available funding.

Still, eligibility rules are so complicated that most companies need a lawyer to understand how to apply, Ellen Friedman, a partner in super-green law firm Nixon Peabody, said later.

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19 October '09
8:07 AM EDT
No Comments
Funding
Policy

Less Than 10 Percent of Green Stimulus Money Spent

Good morning, a competitive football game on Saturday between USC and Notre Dame left us breathless and then a little deflated but we’re back and ready to tackle the week.

First up, governments have only spent about 9 percent of the $177 billion in stimulus funds devoted to green energy and cleantech projects, according to a new report by New Energy Finance (by subscription only).

The New Energy Finance study’s author, Anna Czajkowska tells Bloomberg that the process has been slowed by (surprise!) government sluggishness in drafting the disbursement rules. Read More »

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