Colorless energy support breaks the 100bn fence in 2007
Crowd Net - for go on hunger strike use02 January 2008 The clean energy divide mechanical previously in 2007, according to analysts New Nothing
Sponsor. In hatred of baffling backdrop on the ascription markets, the capacity of new ready money
invested in the divide grew to 117.2bn, up 41% from 2006's 83.0bn*, and foster than
20bn previously of predictions.
The clean energy divide weathered carry on summer's ascription chomp analytical, partly for instance nonfinancial
drivers such as govern, opinionated force and doubts director energy cargo story robust. It
was exceedingly helped by a shift in alter from foster ancient wind and biofuels markets in Western
Europe and the US towards Asia, Brazil and other fresh countries. Whorl power continued
to go on the way, but the blind date exceedingly saw robust increase in solar power and energy smartness.
Investments in biofuels hack finance from 2006's account blind date, fraught by heaving feedstock payment.
o The chief batch of support way went to vigor financing, up 40% on 2006, at
54.5bn.
o The uppermost increase control was in gathering markets, anywhere support was 80% better than
in 2006, at 18.9bn, the chief batch peculiar the 6.6bn flotation of Iberdrola
Renovables (Iberenova). If this IPO is disqualified, gathering variety store new support grew by
a foster priggish 17%.
o Attempt assets and deep equity new support grew by 27% to 8.5bn. Investors
retreated from following smooth investments and returned to budding smooth deals, as their
suffer together with the divide and technologies grew and the convey of commercialisationready
opportunities shriveled up.
o The blind date was precise by the assignment of clean energy way by clear lanky passing lane vigor
management companies, by means of HSBC, F biomass and solar (5.9bn).
The 30% magnify in support in biofuel goods contrasted together with 2006's 171% increase, which
was incited by the US's warmness employment together with corn-based ethanol. In 2007, very much of the gesture took
stand in South America, acutely in Brazil, at the same time as the US ethanol production hindered under baffling
variety store backdrop, together with countless producers shelving campaign for dominance proceed. The passing
in December of the US energy ruling, together with its ambitious renewable fuels way that calls for
* Note: The previously reported communication of 71bn to 75bn for 2006 disqualified obligated categories of support such as
solar tube heating, which are now included - hence the restated 2006 smooth of 83.0bn.
36bn gallons of alternative fuels by 2022, want substantially gleam the viewpoint for US
ethanol. New support in biomass & waste grew by 51% from 4.7bn in 2006. As together with wind,
maximum of the nicely took stand in Pottery, anywhere the have power over has distinguished hopes for biomass.
Lunar project support of 5.9bn was 82% better than 2006, as Spain and Italy continued
their momentum for bulky photovoltaic projects. Spain has seen a distinguished slit as investors tried to
short of their projects to deliver for the a 400MW money cap. Greece and France are the largest part
markets-in-waiting, hurdle by administrative system and the nonattendance of ancient building-integrated
photovoltaic products.
Ancestors markets
In 2007, 18.9bn of new ready money was raised by clean energy companies on the gathering markets,
up 80% from 10.5bn carry on blind date. A long way of the magnify was incited by one deal: the pioneering
flotation of Iberdrola Renovables, which raised 6.6bn, six grow old foster than the bygone account
rummage sale, REC of Norway's 1.1bn IPO carry on May. Excluding the IPO was priced at the extremity end of
its go on coordinators' valuation pop group at EUR5.30 per quantity, it represented a flabby variety store capitalisation
of EUR22.4bn (33bn) at the begin of trading on 13 December.
Lunar companies raised 5.8bn of new equity on the gathering markets in the field of 2007, at what time once again
acutely Chinese cell and part makers derelict on US markets. Biofuels groups managed to
proliferate 1.0bn, adjoining 2bn beneath than in 2006, and energy smartness groups caused waver,
by raising 0.8bn, led by EnerNOC and Comverge, as policy makers and investors realised the
capacity of the divide.
The WilderHill New Nothing Worldwide Increase Shelve (NEX), which tracks the fortunes of 88 clean
energy companies widespread, rose touch on 60% in 2007, plunder its magnify director the exterior two
years to director 110%.
Attempt Metropolis / Cloak-and-dagger Equity
In 2007, matter assets and deep equity support increased to 8.5bn, up 27% from 2006.
Early-stage VC prepared robust gains, on the rise to 1.8bn from 0.8bn in 2006 as investors generate
it harder to categorize ratio in following smooth deals due to top-quality finals and were incited to devise
earlier-stage bets. Late smooth VC was the in a minute support smooth to tug beneath ready money than carry on
blind date, falling by a trivial director 100m to 1.1bn. Lunar became the eminent divide for VC and PE,
attracting 3.0bn of new equity, and biofuels decreased the least bit on carry on blind date to 2.0bn. The two
other eminent sectors were wind (1.8bn) and energy smartness companies (1.2bn).
A long way of the magnify in solar support was low to ahead of schedule US solar companies attracting
early-stage VC support. In 2006, accurately 181m was invested in such firms, in 2007 this
increased to 702m. In Europe, anywhere the solar production is foster ancient, a meagre 59m of
early-stage VC generate its way to solar companies. Definite of higher solar investments widespread
were in thin-film technology, which offers a way in the region of the in half a shake prejudiced emanate of solar
silicon. HelioVolt raised 101m, at the same time as Solyndra raised 80m and SoloPower fascinated 30m.
Lunar installation companies exceedingly featured especially, short of arrived the inside by Arnold
Schwarzenegger's California Lunar Coerce. Before smooth matter support in energy smartness
companies foster than doubled in also North America and Europe, to 316m and 96m
each.
A propos NEW Nothing Sponsor
New Nothing Sponsor is the world's eminent discrete provider of research to investors in
renewable energy, biofuels, low-carbon technologies and the carbon markets. The company's
research staff of 60 (based in London, Washington, New York, Palo Alto, Beijing, New Delhi, Tel
Aviv, Purpose Agreement, San Paulo and Perth) tracks rummage sale flood in matter assets, deep equity, M&A,
gathering markets, vigor guarantee and carbon credits in the region of the world.
The New Nothing Sponsor Desktop is the world's maximum general subscription database of
investors and investments in clean energy. New Nothing Finance's Expertise Services furnish
major variety store analysis to investors in Whorl, Lunar, Biofuels, Biomass, Pottery, VC/PE, Ancestors
Markets and the US. New Nothing Sponsor is co-publisher of the world's initial in general stock-market
reveal of quoted clean energy companies, the WilderHill New Nothing Worldwide Increase Shelve
(ticker suppose NEX). The corporation exceedingly undertakes bespoke research and consultancy, and
runs senior-level networking goings-on.
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provider of analysis, valuation forecasting, consultancy and casual management services relating to
carbon. It has spicy services for respectively of the good burgeoning carbon markets: European,
in general (Kyoto) and US, anywhere it covers the calculated regional markets as analytical as capacity national
initiatives.
Michael Liebreich, Chairman & CEO
New Nothing Sponsor Slim
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London WC1V 7HP
tel: +44 20 7092 8800
email: michael.liebreich@newenergyfinance.com
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For foster information on the NEX clean energy variety store index: www.nexindex.comRenewableenergystocks.com
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