BNEF Chief Executive Michael Liebreich VIP Comment: here comes the “rest of the world”
HERE COMES THE "REST OF THE WORLD" It is almost the half-way mark in 2012, and time to take stock of how the year is progressing so far for clean energy. We all knew this would be a difficult 12 months for the sector, with subsidies under pressure, extraordinarily cheap natural gas in the US, the European financial crisis continuing, and investors feeling bruised.
Extraordinary popular solution: funding from crowds?
Executive Summary “Crowdfunding” allows early-stage companies, projects, and artistic ventures in the US to attract financing from the masses over the Internet and provides developing world microfinance initiatives a new avenue to secure capital. To date, crowdfunding has provided more than $500m for enterprises or ideas normally unable to raise money even from venture investors by aggregating funds from thousands of motivated and unaccredited individual investors. With the recent passage in the US of the JOBS Act, this novel method of financing stands to grow rapidly. Given the often small, distributed nature of clean energy development, a small, distributed financing model holds real potential though there are potential pitfalls as well.
Liebreich: Exchange Rates could be Next Monster to Test Clean Energy Investors
Exchange rates could be next monster to test clean energy investors In the film Jurassic Park, the park warden Robert Muldoon, played by Bob Peck, focuses on the movement of one escaped velociraptor so completely that he fails to notice a second creeping up beside him. “Clever girl!” he says, as he finally turns and […]
VIP Comment: exchange rates could be next monster to test clean energy investors
Exchange rates could be next monster to test clean energy investors In the film Jurassic Park, the park warden Robert Muldoon, played by Bob Peck, focuses on the movement of one escaped velociraptor so completely that he fails to notice a second creeping up beside him. “Clever girl!” he says, as he finally turns and sees the threat. These are his last words before being munched.
Re-imagining US solar financing, a report commissioned by Reznick Group
Executive Summary US solar projects have historically been bankrolled by some combination of energy sector players, banks, and the federal government, but the landscape is rapidly changing. New business models are emerging with an emphasis on third-party financing. New investors, including institutional players, are entering. And new financing vehicles such as project bonds and other securities are being assembled to tap the broader capital markets. This report, commissioned by Reznick Group and undertaken by Bloomberg New Energy Finance, describes the ongoing evolution of US solar financing: where the market is today, where it is heading, and what’s behind this important transition.
Re-considering the economics of photovoltaic power, a co-authored White Paper on PV economics
Executive Summary The authors briefly consider the recent dramatic reductions in the underlying costs and market prices of solar photovoltaic (PV) systems, and their implications for decision-makers. In many cases, current PV costs and the associated market and technological shifts witnessed in the industry have not been fully noted by decision-makers. The perception persists that PV is prohibitively expensive, and still has not reached „competitiveness‟. The authors find that the commonly used analytical comparators for PV vis a vis other power generation options may add further confusion. In order to help dispel existing misconceptions, the authors provide some level of transparency on the assumptions, inputs and parameters in calculations relating to the economics of PV. The paper is aimed at informing policy makers, utility decision-makers, investors and advisory services, in particular in high-growth developing countries, as they weigh the suite of power generation options available to them.
Bloomberg New Energy Finance 2012 Summit Results Book
A special publication documenting the 2012 Bloomberg New Energy Finance Summit, which took place in New York from 19 to 21 March.
Q1 2012 Clean Energy Policy & Market Briefing, prepared for Clean Energy Solutions Center
Policy pullbacks, weak economies, market oversupply slow Q1 investment Prepared by Bloomberg New Energy Finance for the Clean Energy Solutions Center, an initiative of the Clean Energy Ministerial.
Who’s Winning The Clean Energy Race? 2011 Edition
Executice Summary Companies and countries have experienced ups and downs in the worldwide clean energy race in recent years, and 2011 was no exception. For consumers, however, the clean energy race has been consistently positive, driving down prices and interjecting new renewable energy choices into a marketplace dominated by century-old technologies. Price competition is the defining characteristic of the clean energy race in 2011, spurring investment and deployment, increasing global clean energy capacity, and creating opportunities for innovators, entrepreneurs, and workers.
Liebreich: It’s the Politics, Stupid
Locating the fifth Bloomberg New Energy Finance Summit in New York last week offered two big advantages. One was being at the heart of capitalism because, despite the economic turmoil of the past few years, it will still be private capital that delivers the wherewithal for the world’s shift to clean energy. The other was […]