European Energy Investment Trends


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Michael Liebreich, Chief Executive Officer and Founder - New Energy Finance - United Kingdom

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European Energy Investment Trends

  1. 1. European Energy Investment Trends TBLI Paris 9 November 2006 Michael Liebreich © New Energy Finance, 2006
  2. 2. Global Investment in Clean Energy 2005: $48.9bn Figures marked * are based on New Energy Finance Desktop databases; all other figures are industry estimates based on various sources. Source: New Energy Finance $2.1bn* VC/PE Public markets Corporate RD&D Gov’t R&D Technology & Equipment $4.9bn* $7.0bn $6.0bn $20.0bn Total investment Small-scale projects Asset finance $21.9bn* $7.0bn $48.9bn Total deals $66.2bn M&A/ MBO $17.3bn* $7.2bn of Private Equity Investment
  3. 3. Global Investment in Clean Energy, 2004 - 2006 62% Growth 30% Growth 2006 annualised estimate based on Jan to Sept Source: New Energy Finance
  4. 4. Estimated Global VC/PE Investment 2001 - 2006 Includes all VC & PE investments. Number of deals in brackets. 2006 is annualised value Source: New Energy Finance 158% Growth
  5. 5. Global VC/PE Investment by Geography Q3 2005 – Q2 2006 Number of deals in brackets; Disclosed deals only; Excludes PE for Projects 148 8 43 97 No. discl’d 2,122 166 328 1,628 Total $m 100% 8% 15% 77% % 14.3 20.8 7.6 16.8 Avg. $m 182 TOTAL 9 ASOC 51 EMEA No. of deals Region 122 AMER
  6. 6. Investment in European Venture-Backed Companies by Sector 2000 – 2006 (EUR m & % growth) Excludes Buy-Outs. 2006 is annualised value. Products & Services include consumer business products & services, and retail Source: Dow Jones VentureOne and Ernst & Young; NEF
  7. 7. Global Clean Energy Funds Under Management by Geography and Fund Type at August 2006 $14bn Under Management in 113 Clean Energy Funds Number of Unquoted/Quoted Funds in brackets Source: New Energy Finance
  8. 8. Global Clean Energy Funds Under Management by Geography & Fund Focus at August 2006 $10bn (71%) in Clean Energy & Sector Specific Funds Number of Clean Tech/Clean Energy/Sector Specific Funds in brackets Source: New Energy Finance
  9. 9. Selected VC/PE Investor Exit Transactions 2005 - 2006
  10. 10. Global Public Market IPO and Secondary Transactions 2001 - 2006 Number of IPO/Secondary/Convertible and other deals in brackets. 2006 to end June Source: New Energy Finance
  11. 11. Wilder Hill New Energy Finance Global Innovation Index (NEX), December 2002 to September 2006 December 30 2002 = 100. Calculated to start of Sep 2006 Source: New Energy Finance, American Stock Exchange
  12. 12. Forecast global number of VC & PE investments 2006 - 2012 <ul><li>Estimated $100bn equity investment 2006 – 2012 </li></ul><ul><li>Universe of 100+ European VC-backed clean energy companies </li></ul><ul><li>500 per year investments by 2012 </li></ul>
  13. 13. Keeping the Finance Flowing – 10 Imperatives <ul><li>Address policy weaknesses in developed country laggards. </li></ul><ul><li>Develop retail finance models for home and small business-scale clean energy projects </li></ul><ul><li>Roll out microfinance programmes for small-scale projects in the developing world. </li></ul><ul><li>Accelerate the incubation of new technologies. </li></ul><ul><li>Improve the macroeconomic environment for early stage technology companies. </li></ul><ul><li>Develop mechanisms to support pilot projects which require debt but still have technology risk. </li></ul><ul><li>Break the offshore wind funding bottleneck. </li></ul><ul><li>Ensure the developing world has access to the most energy-efficient generation and industrial technologies. </li></ul><ul><li>Introduce “industrial strength” mechanisms to finance large projects in the developing world. </li></ul><ul><li>Ensure the survival and extension of carbon trading. </li></ul>
  14. 14. New Energy Finance’s Services <ul><li>Information Services </li></ul><ul><li>New Energy Finance Briefing </li></ul><ul><li>New Energy Finance Desktop </li></ul><ul><li>Sector Services </li></ul><ul><li>Wind </li></ul><ul><li>Solar </li></ul><ul><li>Biofuels </li></ul><ul><li>Biomass </li></ul><ul><li>Venture Capital </li></ul><ul><li>Public Markets </li></ul><ul><li>Carbon Finance </li></ul><ul><li>Developing Markets (China, India) </li></ul>Reports, Research & Analysis, Forecasting, Access to Analysts, Networking Events, Multi-Client Consulting, Consultancy Newsletters, News, Data
  15. 15. New Energy Finance’s Clinton Global Initiative Commitment <ul><li>New Energy Finance has committed to provide information, research and networking services at no cost to ten leading incubators of clean energy technology in the developing world </li></ul><ul><li>Candidate incubators must have the following characteristics: </li></ul><ul><ul><li>Have access to the best technology being developed in the local region </li></ul></ul><ul><ul><li>Have a track record developing clean energy technologies and businesses </li></ul></ul><ul><ul><li>Have a core staff already dedicated to incubation of technology </li></ul></ul><ul><ul><li>They can be public or private </li></ul></ul><ul><li>Early contact has been initiated with universities in China, Brazil and South Africa </li></ul><ul><li>We welcome applications to join the programme </li></ul>
  16. 16. Thanks! Michael Liebreich CEO & Founder New Energy Finance 71 Gloucester Place London W1U 8JW Tel: +44 20 7727 8590 [email_address]