Investment in clean energy hit a four-year low in the first quarter of 2013, falling 35% from the previous quarter to $46.1 billion. This was driven by a 45% decline in project finance as investment stalled in the US and paused in Africa and South America. Mergers and acquisitions activity also fell by nearly half due to a lack of large deals. Venture capital and private equity investment remained relatively flat after stabilizing following previous declines.
Richard Woolhouse, Senior Economist at Centre for Cities, delivered this presentation at the West Midlands Regional Observatory's Annual Conference, 20th October 2009 in Sutton Coldfield, UK. Richard looks at the global recession, government debt, how the recession has impacted different cities and areas of the UK differently, and regional unemployment rates in the UK.
This document contains information from Apna Bharat Tours & Travels regarding their Char Dham Yatra tour package. It provides contact information including their phone numbers 079 – 26564141 and 09426171899 and address in Ahmedabad, Gujarat, India. Details are given about visiting locations included in the Char Dham pilgrimage like Har ki Pauri in Haridwar, Kedarnath, and travel arrangements between destinations.
Air ticket reservation system presentation Smit Patel
The document describes an online air ticket reservation system project that allows passengers to make reservations, view confirmations, and cancel reservations online. It includes information on the project duration, tools used, modules, database tables, limitations, and future enhancements. The key modules are reservation, viewing reservations, cancellation, information, and administration.
The document provides an overview of the airline booking process and the systems involved. It discusses the multi-step booking process, including specifying search parameters, finding available routes and schedules, choosing a fare, providing passenger details, and payment confirmation. It also describes the role of global distribution systems and booking engines in facilitating bookings by acting as a bridge between internet applications and legacy reservation systems. Key terms related to flights, cabin classes, booking codes, and itinerary types are also defined.
Nearly $5.26 billion was invested in the cleantech industry in Q4 2015, with corporate funding accounting for 22% and project funding making up the remaining 78%. Project financing dominated total industry financing for the quarter at $4.1 billion, with the majority of solar projects financed through debt and wind projects using a mix of debt and equity. Venture capital funding decreased year-over-year but increased quarter-over-quarter, with later stage deals dominating investment.
Nearly $6.19 billion was invested in the cleantech industry in Q3 2015, with corporate funding accounting for 51% and project funding 49%. Venture capital funding for cleantech decreased 40% year-over-year to $258 million, which was driven by declines in deal volume and average deal size. However, investment in smart grid and energy storage increased significantly, accounting for almost half of total cleantech venture funding for the quarter. Overall, Q3 saw continued expansion of utility-scale solar and wind projects across various US regions.
The global renewable energy market has grown rapidly over the past few years. Driven by improving sector dynamics, renewable energy witnessing emergence of newer investment options in the capital markets segment.
Protectionism and local content requirements are holding back investment in clean energy and thus undermining the fight against climate change. This Investment Insights puts forward policy options for mobilising investment in clean energy and restoring order and confidence in international markets.
For more information, visit: http://www.oecd.org/daf/inv/mne/green.htm
Richard Woolhouse, Senior Economist at Centre for Cities, delivered this presentation at the West Midlands Regional Observatory's Annual Conference, 20th October 2009 in Sutton Coldfield, UK. Richard looks at the global recession, government debt, how the recession has impacted different cities and areas of the UK differently, and regional unemployment rates in the UK.
This document contains information from Apna Bharat Tours & Travels regarding their Char Dham Yatra tour package. It provides contact information including their phone numbers 079 – 26564141 and 09426171899 and address in Ahmedabad, Gujarat, India. Details are given about visiting locations included in the Char Dham pilgrimage like Har ki Pauri in Haridwar, Kedarnath, and travel arrangements between destinations.
Air ticket reservation system presentation Smit Patel
The document describes an online air ticket reservation system project that allows passengers to make reservations, view confirmations, and cancel reservations online. It includes information on the project duration, tools used, modules, database tables, limitations, and future enhancements. The key modules are reservation, viewing reservations, cancellation, information, and administration.
The document provides an overview of the airline booking process and the systems involved. It discusses the multi-step booking process, including specifying search parameters, finding available routes and schedules, choosing a fare, providing passenger details, and payment confirmation. It also describes the role of global distribution systems and booking engines in facilitating bookings by acting as a bridge between internet applications and legacy reservation systems. Key terms related to flights, cabin classes, booking codes, and itinerary types are also defined.
Nearly $5.26 billion was invested in the cleantech industry in Q4 2015, with corporate funding accounting for 22% and project funding making up the remaining 78%. Project financing dominated total industry financing for the quarter at $4.1 billion, with the majority of solar projects financed through debt and wind projects using a mix of debt and equity. Venture capital funding decreased year-over-year but increased quarter-over-quarter, with later stage deals dominating investment.
Nearly $6.19 billion was invested in the cleantech industry in Q3 2015, with corporate funding accounting for 51% and project funding 49%. Venture capital funding for cleantech decreased 40% year-over-year to $258 million, which was driven by declines in deal volume and average deal size. However, investment in smart grid and energy storage increased significantly, accounting for almost half of total cleantech venture funding for the quarter. Overall, Q3 saw continued expansion of utility-scale solar and wind projects across various US regions.
The global renewable energy market has grown rapidly over the past few years. Driven by improving sector dynamics, renewable energy witnessing emergence of newer investment options in the capital markets segment.
Protectionism and local content requirements are holding back investment in clean energy and thus undermining the fight against climate change. This Investment Insights puts forward policy options for mobilising investment in clean energy and restoring order and confidence in international markets.
For more information, visit: http://www.oecd.org/daf/inv/mne/green.htm
The document provides an overview of power transactions and trends in Q3 2018 globally and by region. Some key points:
- Global deal value for the quarter was $61.9 billion across 406 deals. Integrated utilities was the largest segment and Americas was the largest region.
- Investment was driven by large deals in gas utilities in Australia and the US. Regulatory uncertainty may impact continued M&A activity.
- Renewables saw significant investment in Europe while gas utilities saw record deals in the Americas. Asia-Pacific was boosted by a large gas utility deal in Australia.
Global power and utilities transactions attained an all-time high in 2018, increasing 28% in overall deal value to $256.3b with a record volume of 546 deals, according to the EY report Power transactions and trends Q4 2018
The UK Green Investment Bank was established in 2012 with £3 billion in funding to accelerate the UK's transition to a green economy. It aims to be "green and profitable" by addressing market failures and crowding in private investment for renewable energy projects. Its mission is made challenging by risks and uncertainties around new clean technologies, as well as political and regulatory hurdles. The UKGIB must develop an investment framework to set appropriate hurdle rates that balance the time value of money with risks for green infrastructure projects while delivering returns. It is considering investments in offshore wind projects that could help meet the UK's renewable energy targets but require careful due diligence around construction risks.
The briefing memo discusses barriers to scaling up clean energy technology use due to high capital costs. While research and development is funded by governments, private sector financing for commercialization is much more expensive than other sectors, with an average loan rate of 12%. Currently only 20 companies invest through the tax equity mechanism, keeping costs high. Global clean energy investments are rising but dropped 11% in 2012 as subsidies declined and costs reduced. The memo recommends lowering the cost of capital to reduce technology costs and sustain clean energy growth without subsidies.
The document summarizes mergers and acquisitions (M&A) activity in the global power and utility sector in Q3 2013. Some key points:
- M&A deal value remained flat at $31.7 billion compared to Q2 2013, though deal volume increased 25%.
- Utilities are seeking to diversify their portfolios and extend into upstream/downstream markets.
- Europe accounted for over 50% of deal value due to large divestments and privatization programs.
- Top deals included Schneider Electric's acquisition of Invensys and Gazprom's purchase of a Russian integrated utility.
- Future M&A is expected to focus on portfolio rebalancing, market reforms, and
The document discusses five emerging public finance models for clean energy in the US:
1) The Clean Energy Deployment Administration (Green Bank) which would leverage $10 billion in public funds into $100-200 billion in total investment through loan guarantees and credit enhancements.
2) Clean Energy Victory Bonds modeled after war bonds that would allow individuals to invest as little as $25 to support clean energy development.
3) Tax Credit Bonds that allow municipal governments to issue bonds for clean energy projects and receive federal tax credits instead of interest.
4) Federal Loan Guarantees that reduce risk for projects that cannot access commercial financing terms.
5) Clean Tech City Funds that pool public and private money
In 2019, we saw evidence of the impact of economic headwinds on overall mergers and acquisitions (M&A) activity, with global deal value declining 33% from Q4 2018 to US$20.6b. Deal value increased in the renewables and water and wastewater segments quarter on quarter while decreasing in the remaining segments.
This document summarizes the key findings of the 2015 report on global trends in renewable energy investment. It finds that global investment in renewable power and fuels increased nearly 17% in 2014 to $270.2 billion, driven by strong solar investment in China and Japan and record offshore wind investment in Europe. It also notes that renewable energy capacity additions reached a record high in 2014 of about 95GW. Additionally, the document highlights that renewable energy investment is spreading to new developing countries, with developing country investment reaching its closest level yet to developed countries in 2014. It concludes by noting some policy challenges faced by renewables at the start of 2015 in certain markets.
Venture Capital Investments Q1 08 - MoneyTree Report mensa25
Venture capital investment declined 8.5% in Q1 2008 to $7.1 billion across 922 deals. This was still the 5th highest quarter since 2001. Life sciences and semiconductors had a strong quarter, with biotech receiving the most funding of any industry at $1.27 billion across 126 deals. Venture capitalists still have significant funds and will continue investing in companies with innovative ideas and solid business models.
- Global energy transition investment totaled $1.1 trillion in 2022, up 31% from 2021 and the first time surpassing $1 trillion. This includes investment in renewables, energy storage, electric vehicles and other low-carbon technologies.
- Renewable energy remained the largest sector at $495 billion, though investment in electric vehicles grew faster at $466 billion, up 54% year-on-year.
- China accounted for almost half of the global investment total, while the US was the second largest contributor.
- Energy transition investment is approaching fossil fuel investment levels for the first time but needs to average over 3 times more to be on track for net zero goals.
How cleantech can close the financing gaptonymaull92
The most fundamental element of disruptive business models is financing. the article explores creating, adopting and adapting proven models for new industries.
The passage discusses how the outlook for renewable energy financing in the US is changing due to the expiration of key federal support programs. Specifically, it notes that the expiration of the Department of Energy Loan Guarantee Program and Treasury Cash Grant Program will make financing renewable energy projects much more difficult. It also expects growth in renewable energy capacity to decline dramatically without this significant federal support. While some incentives will still exist, the passage argues they will be insufficient to sustain recent investment levels in renewable energy generation.
New Investment in Renewables is just $2Bn short of overtaking Investments in Fossil Energy Sources. Read about trends in Renewable Energy Investments in First Issue of Better Energy Market Monitor
DealMarket Digest Issue91 - 19th April 2013Urs Haeusler
SEE WHAT’S NEW AND NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 91 - April 19, 2013
- New Study: What Happens When Deals are Leaked
- Investment in Clean Energy Trends
- Good News for US Startups: Angel Investment Stabilizes
- PE to Push European M&A Deal making in 2013
- Candle Company Attracts Buyout Offers of up to USD 2 billion
- Quote of the Week: Personal Flight
This document provides a market study and analysis of the renewable energy sector in the United States. It discusses trends in the sector including declining reliance on renewable portfolio standards, increasing natural gas production, and policy uncertainty negatively impacting investment. The document also outlines government plans to support the sector through policies like renewable portfolio standards and public benefits funds. It identifies strengths, weaknesses, opportunities, and threats in the energy market and analyzes demand trends, the role of multilateral organizations, and barriers to entry. The study aims to identify opportunities for business partnerships between American renewable energy companies and RYME.
The document is Origin Energy's 2013 Annual Report. It provides an overview of Origin Energy's financial performance for the 2013 fiscal year, including a decrease in statutory profit to $378 million due to factors such as losses on financial instruments and increased retail transformation expenditures. Underlying profit decreased 15% to $760 million. Key highlights included sufficient liquidity to fund Australia Pacific LNG requirements, underlying business performance, and operating effectiveness improving in Energy Markets. The report discusses future prospects such as delivering the Australia Pacific LNG project on schedule and improving performance across existing businesses.
Il World Energy Focus, nuovo mensile online della WEC's community, una e-publication gratuita per essere sempre aggiornato sugli sviluppi del settore energetico. Il World Energy Focus contiene news, interviste esclusive e uno spazio dedicato agli eventi promossi dai singoli Comitati Nazionali.
Promoting green foreign direct investment practices and lessons from the fieldIra Kristina Lumban Tobing
Green technologies are becoming increasingly viable in commercial terms, making them bigger and better targets for investment promotion. UNCTAD describes green investment can be comprise of: investment in production processes with a reduced GHG impact; investment in clean energy generation; and investment in research and production facilities to manufacture GHG reducing products and provide related services. These are technology-intensive and often capital-intensive industries with technologies that are quickly evolving. In those developing countries, where green industries and practices are still nascent or non-existent, foreign companies are vital to jump-starting the low-carbon economy and should be more aggressively pursued. This note uses three case studies to extract lessons on how this can be done. It examines IPAs, including investment promotion and business development agencies from developed and emerging economies, in diverse locations and circumstances.
The document provides an overview of power transactions and trends in Q3 2018 globally and by region. Some key points:
- Global deal value for the quarter was $61.9 billion across 406 deals. Integrated utilities was the largest segment and Americas was the largest region.
- Investment was driven by large deals in gas utilities in Australia and the US. Regulatory uncertainty may impact continued M&A activity.
- Renewables saw significant investment in Europe while gas utilities saw record deals in the Americas. Asia-Pacific was boosted by a large gas utility deal in Australia.
Global power and utilities transactions attained an all-time high in 2018, increasing 28% in overall deal value to $256.3b with a record volume of 546 deals, according to the EY report Power transactions and trends Q4 2018
The UK Green Investment Bank was established in 2012 with £3 billion in funding to accelerate the UK's transition to a green economy. It aims to be "green and profitable" by addressing market failures and crowding in private investment for renewable energy projects. Its mission is made challenging by risks and uncertainties around new clean technologies, as well as political and regulatory hurdles. The UKGIB must develop an investment framework to set appropriate hurdle rates that balance the time value of money with risks for green infrastructure projects while delivering returns. It is considering investments in offshore wind projects that could help meet the UK's renewable energy targets but require careful due diligence around construction risks.
The briefing memo discusses barriers to scaling up clean energy technology use due to high capital costs. While research and development is funded by governments, private sector financing for commercialization is much more expensive than other sectors, with an average loan rate of 12%. Currently only 20 companies invest through the tax equity mechanism, keeping costs high. Global clean energy investments are rising but dropped 11% in 2012 as subsidies declined and costs reduced. The memo recommends lowering the cost of capital to reduce technology costs and sustain clean energy growth without subsidies.
The document summarizes mergers and acquisitions (M&A) activity in the global power and utility sector in Q3 2013. Some key points:
- M&A deal value remained flat at $31.7 billion compared to Q2 2013, though deal volume increased 25%.
- Utilities are seeking to diversify their portfolios and extend into upstream/downstream markets.
- Europe accounted for over 50% of deal value due to large divestments and privatization programs.
- Top deals included Schneider Electric's acquisition of Invensys and Gazprom's purchase of a Russian integrated utility.
- Future M&A is expected to focus on portfolio rebalancing, market reforms, and
The document discusses five emerging public finance models for clean energy in the US:
1) The Clean Energy Deployment Administration (Green Bank) which would leverage $10 billion in public funds into $100-200 billion in total investment through loan guarantees and credit enhancements.
2) Clean Energy Victory Bonds modeled after war bonds that would allow individuals to invest as little as $25 to support clean energy development.
3) Tax Credit Bonds that allow municipal governments to issue bonds for clean energy projects and receive federal tax credits instead of interest.
4) Federal Loan Guarantees that reduce risk for projects that cannot access commercial financing terms.
5) Clean Tech City Funds that pool public and private money
In 2019, we saw evidence of the impact of economic headwinds on overall mergers and acquisitions (M&A) activity, with global deal value declining 33% from Q4 2018 to US$20.6b. Deal value increased in the renewables and water and wastewater segments quarter on quarter while decreasing in the remaining segments.
This document summarizes the key findings of the 2015 report on global trends in renewable energy investment. It finds that global investment in renewable power and fuels increased nearly 17% in 2014 to $270.2 billion, driven by strong solar investment in China and Japan and record offshore wind investment in Europe. It also notes that renewable energy capacity additions reached a record high in 2014 of about 95GW. Additionally, the document highlights that renewable energy investment is spreading to new developing countries, with developing country investment reaching its closest level yet to developed countries in 2014. It concludes by noting some policy challenges faced by renewables at the start of 2015 in certain markets.
Venture Capital Investments Q1 08 - MoneyTree Report mensa25
Venture capital investment declined 8.5% in Q1 2008 to $7.1 billion across 922 deals. This was still the 5th highest quarter since 2001. Life sciences and semiconductors had a strong quarter, with biotech receiving the most funding of any industry at $1.27 billion across 126 deals. Venture capitalists still have significant funds and will continue investing in companies with innovative ideas and solid business models.
- Global energy transition investment totaled $1.1 trillion in 2022, up 31% from 2021 and the first time surpassing $1 trillion. This includes investment in renewables, energy storage, electric vehicles and other low-carbon technologies.
- Renewable energy remained the largest sector at $495 billion, though investment in electric vehicles grew faster at $466 billion, up 54% year-on-year.
- China accounted for almost half of the global investment total, while the US was the second largest contributor.
- Energy transition investment is approaching fossil fuel investment levels for the first time but needs to average over 3 times more to be on track for net zero goals.
How cleantech can close the financing gaptonymaull92
The most fundamental element of disruptive business models is financing. the article explores creating, adopting and adapting proven models for new industries.
The passage discusses how the outlook for renewable energy financing in the US is changing due to the expiration of key federal support programs. Specifically, it notes that the expiration of the Department of Energy Loan Guarantee Program and Treasury Cash Grant Program will make financing renewable energy projects much more difficult. It also expects growth in renewable energy capacity to decline dramatically without this significant federal support. While some incentives will still exist, the passage argues they will be insufficient to sustain recent investment levels in renewable energy generation.
New Investment in Renewables is just $2Bn short of overtaking Investments in Fossil Energy Sources. Read about trends in Renewable Energy Investments in First Issue of Better Energy Market Monitor
DealMarket Digest Issue91 - 19th April 2013Urs Haeusler
SEE WHAT’S NEW AND NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 91 - April 19, 2013
- New Study: What Happens When Deals are Leaked
- Investment in Clean Energy Trends
- Good News for US Startups: Angel Investment Stabilizes
- PE to Push European M&A Deal making in 2013
- Candle Company Attracts Buyout Offers of up to USD 2 billion
- Quote of the Week: Personal Flight
This document provides a market study and analysis of the renewable energy sector in the United States. It discusses trends in the sector including declining reliance on renewable portfolio standards, increasing natural gas production, and policy uncertainty negatively impacting investment. The document also outlines government plans to support the sector through policies like renewable portfolio standards and public benefits funds. It identifies strengths, weaknesses, opportunities, and threats in the energy market and analyzes demand trends, the role of multilateral organizations, and barriers to entry. The study aims to identify opportunities for business partnerships between American renewable energy companies and RYME.
The document is Origin Energy's 2013 Annual Report. It provides an overview of Origin Energy's financial performance for the 2013 fiscal year, including a decrease in statutory profit to $378 million due to factors such as losses on financial instruments and increased retail transformation expenditures. Underlying profit decreased 15% to $760 million. Key highlights included sufficient liquidity to fund Australia Pacific LNG requirements, underlying business performance, and operating effectiveness improving in Energy Markets. The report discusses future prospects such as delivering the Australia Pacific LNG project on schedule and improving performance across existing businesses.
Il World Energy Focus, nuovo mensile online della WEC's community, una e-publication gratuita per essere sempre aggiornato sugli sviluppi del settore energetico. Il World Energy Focus contiene news, interviste esclusive e uno spazio dedicato agli eventi promossi dai singoli Comitati Nazionali.
Promoting green foreign direct investment practices and lessons from the fieldIra Kristina Lumban Tobing
Green technologies are becoming increasingly viable in commercial terms, making them bigger and better targets for investment promotion. UNCTAD describes green investment can be comprise of: investment in production processes with a reduced GHG impact; investment in clean energy generation; and investment in research and production facilities to manufacture GHG reducing products and provide related services. These are technology-intensive and often capital-intensive industries with technologies that are quickly evolving. In those developing countries, where green industries and practices are still nascent or non-existent, foreign companies are vital to jump-starting the low-carbon economy and should be more aggressively pursued. This note uses three case studies to extract lessons on how this can be done. It examines IPAs, including investment promotion and business development agencies from developed and emerging economies, in diverse locations and circumstances.
1. Press release
For immediate release, 16th April 2013
New Clean Energy investment hits four-year low
New investment in clean energy falls to four-year low of $46.1 billion in 1Q13
Project finance posts 45% quarterly decline as US investment stalls
M&A activity congregates around wind power assets
Venture capital and private equity investment remains flat
London and New York, April 16, 2013. Clean Energy Pipeline, the online daily financial news and data service
dedicated to the clean energy sector, today releases its preliminary analysis of venture capital, private
equity, project finance, public markets and mergers and acquisitions activity during 1Q13.
Total investment in the global clean energy sector fell to $46.1 billion in 1Q13, a 35% decrease on the $70.7
billion recorded in 4Q12 and a 31% decrease on the $66.6 billion invested in the corresponding quarter in
2012. Investment is now at its lowest quarterly level since 2Q09.
“At the end of last year a rush to finance US wind energy projects before the expected expiration of the
production tax credit and the closure of $5.7 billion financing for the first round of South African renewable
energy projects artificially boosted investment volumes,” commented Douglas Lloyd, CEO of Clean Energy
Pipeline. “It was always going to be difficult to match this level of activity, particularly in the first quarter of
the year.”
“However, this sharp quarterly decline is not a one off. Total new investment has now fallen from a quarterly
high of $88.3 billion in 4Q10 to $46 billion in 1Q13. Given ongoing subsidy cuts, low natural gas prices in
North America and fragile capital markets, it’s hard to predict a reversal of this trend in the coming year.”
Project finance hits four-year low
The primary reason for the significant decrease is a sizeable decline in clean energy project finance
investment to $24.2 billion in 1Q13, a 45% decrease on the $44.0 billion invested in 4Q12 and a 37%
decrease on the $38.3 billion recorded in the corresponding period last year. Project finance is now at its
lowest level since 1Q09.
The sharp decrease was caused by a 50%+ decline in project finance activity in the USA and a pause in
investment in Africa and South America. Despite the renewal of the US wind energy production tax credit
(PTC) in January 2013, only $1.6 billion was invested in US wind energy projects in 1Q13, the lowest
quarterly volume recorded in the last four years. This compares starkly with the $5.8 billion invested in US
wind projects in 4Q12. The pipeline of financeable US wind energy projects has withered due to the
uncertainty surrounding the renewal of the PTC at the end of last year.
Project finance levels were also dented by an absence of activity in emerging markets such as South America
and Africa. Last quarter all 28 projects in window one of South Africa’s renewable energy procurement
2. programme closed financing totalling $5.7 billion. Projects in the second window were scheduled to reach
financial close this quarter, which would have boosted project finance by approximately $3.3 billion. Delays
have meant that these projects will now reach financial close this summer.
Absence of large deals constrains M&A activity
Clean Energy M&A activity totalled $11.0 billion in 1Q13, almost half the $20.8 billion recorded in 4Q12 and
the $21.7 billion tracked in the corresponding period in 2012. The decrease was caused by an absence of
large deals. Only three deals in excess of $500 million valued at $1.7 billion were announced in 1Q13,
significantly less than the $12.3 billion worth of similar sized deals announced last quarter.
However, M&A activity remains strong in certain sectors. Acquisitions of wind power assets totalled $3.2
billion in 1Q13, 60% more than the quarterly average during the past three years. This increase was
underpinned by large financial investors acquiring stakes in de-risked operational projects generating long
term stable returns. By way of an example, pension fund manager Caisse de dépôt et placement du Québec
acquired a stake in 1,500 MW of operational wind capacity across North America from Invenergy in a deal
valued at $500 million in January 2013.
Asian acquirers also continued to be active in 1Q13, announcing 11 acquisitions of non-Asian assets valued
at $1.6 billion. This is in line with the quarterly average volume of Asian outbound acquisition activity in 2012
($1.6 billion), but 45% ahead of the quarterly volume of international Asian M&A activity in 2011 ($1.1
billion).
Venture capital & private equity investment stabilizes
Global venture capital and private equity investment in clean energy (excluding buyouts) totalled $1.69
billion in 1Q13, a 1% uptick on the $1.67 billion recorded in 4Q12 but a 27% decrease on the $2.31 billion
recorded in 1Q12. This is the first quarter-on-quarter increase since 3Q11. Even so, investment in 1Q13
remains 40% below the quarterly average of $2.8 billion during the past four years.
Biofuels was the largest sector for investment in 1Q13, accounting for 19% ($319 million) of total
investment. This is the first time that biofuels has ever accounted for the largest share of investment on a
quarterly basis. The increase was primarily a result of the $292 million secured by Brazilian cellulosic ethanol
maker GraalBio in January 2013, which was the largest funding round in 1Q13.
Clean Energy public markets activity falls to four-year low
Clean energy companies secured a mere $586 million on the public markets in 1Q13, through a mixture of
IPOs, secondaries and convertible notes. This is the lowest volume raised since 1Q09. The two most notable
deals were Greencoat UK Wind, a wind energy investment fund managed by UK-based infrastructure fund
Greencoat Capital, which raised $394 million through an oversubscribed IPO on the London Stock Exchange,
and US smart grid IT company Silver Spring Networks, which secured $93 million through an IPO on the New
York Stock Exchange.
3. For further information on this press release and to receive a copy of the data on which this press release is
based, please contact:
Douglas Lloyd
Founder & CEO
+44 (0) 207 251 8000
douglas.lloyd@vbresearch.com
About Clean Energy Pipeline
Clean Energy Pipeline, the online daily financial news and data service, is the leading independent source of
information about the clean energy sector. Our premium suite of desktop and mobile services provides
access to subscription-based business news, transaction data (VC/PE, M&A, project/asset finance and public
markets) and a global directory of professionals active in the sector. Clean Energy pipeline also offers
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