2 July '10
2:52 PM UTC
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Uncategorized

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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1 July '10
11:57 AM UTC
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  Funding

Cleantech Venture Investment Tops $2 Billion in Q2 [UPDATE]

Cleantech venture investment was at $2.02 billion in the second quarter, up 43 percent from the same quarter last year but roughly on par with last quarter, according to a report by Cleantech Group and Deloitte.

There were 140 deals in the quarter, down from a record high of 192 in the first quarter.

Richard Youngman of the Cleantech Group said there have been several blockbuster deals in response to an unpredictable IPO market. He added:

In spite of the persistence of wider concerns about the strength and sustainability of the global recovery, the strong flow of investment dollars to cleantech growth companies has continued in 2Q10, with cleantech venture investment in the first half of 2010 edging slightly ahead of the record total recorded during the first half of 2008 [$4.04 billion versus $4.02 billion]

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1 April '10
11:45 AM UTC
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  Funding

Clean Tech Investing Bounces Back With Electric Car Deals Leading The Way

By Mark Boslet, co-editor,

Venture capitalists returned enthusiastically to clean-tech investing in the first quarter, increasing their spending. But they shun solar companies for electric cars and backed away from the smart grid. To hedge their bets, they spread their money more broadly than in the past, putting smaller sums in more companies.

Clean-tech start-ups globally received $1.9 billion during the three months, an 83 percent boost from the first quarter of 2009, when the depths of the recession brought investing to a stand still. Investments rebounded 29 percent from a soft fourth quarter, which perhaps is a more telling sign of the renewed vigor in the sector.

The number of deals in the quarter – 180 – set a record, edging out the 165 of the fourth quarter, according to a investment released by the Cleantech Group and accounting firm Deloitte.

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13 January '10
10:52 AM UTC
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  Solar

Solyndra Racks Up Nearly $200M in VC Cash in ’09

Solyndra, the California maker of thin-film photovoltaic cells, received the most amount of venture capital cash in 2009, raising $198 million. Its backers are counting on a hefty payday with the company having recently filed for an Initial Public Offering (IPO). A123 Systems, the Massachusetts battery maker, which IPOed last fall, raised $100 million, according to data compiled by market research firm the CleanTech Group. Swiss smart meter maker Landis + Gyr, smart grid developer Silver Spring Networks and V-Vehicle, a clean vehicle manufacturer, also each raised $100 million last year — see charts below the fold. Read More »

6 January '10
5:39 PM UTC
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  Funding

It’s Been the Best of Times and the Worst of Times for Cleantech Investing in ’09

Let’s start with the good news: In 2009 cleantech became the dominant category in venture capital investing, attracting$5.6 billion in new investments worldwide. That’s more than IT or biotechnology, which until recently attracted the majority of VC investments. So says a reportby the Cleantech Group and Deloitte. Read More »

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