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Private Equity Flees Clean Energy as Investment Falls: Energy

Bloomberg -- Private equity companies and venture capitalists including Draper Fisher Jurvetson and Braemar Energy Ventures reduced renewable-energy investment to the lowest since 2006 as once-promising companies failed or were sold at a loss.

Private equity and venture-capital investors provided $5.8 billion to solar, biofuel, wind and smart-grid startups worldwide last year, down 34 percent from 2011, according to an annual ranking by Bloomberg New Energy Finance.

The decline shows a wariness among investors who’ve been burned by losses, especially those who backed solar-panel manufacturers competing with Chinese companies.

Venture capitalists are finding it harder to take successful companies public to generate paydays that offset bad bets after clean energy shares sank for a third consecutive


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Submitted Jan 15, 2013 By: bar1035
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Private Equity Flees Clean Energy as Investment Falls: Energy Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,049
Points:2,388,440
Joined:Nov 2008
Message Posted: Jan 18, 2013 4:52:03 AM

it may not be the most economically feasible, but it may be environmentally the only thing that keeps humans on this planet long term.
jrs4125
Champion Author Indiana

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Message Posted: Jan 16, 2013 7:52:12 AM

Short term they my be right..... Long term doubtful.
SkooterG
Champion Author Phoenix

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Message Posted: Jan 16, 2013 2:48:50 AM

As much as I would like renewable energy, it just doesn't seem to be economically viable.
us4usa
Champion Author Missouri

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Points:1,563,075
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Message Posted: Jan 15, 2013 11:53:39 PM

Focus2:"The decline shows a wariness among investors who’ve been burned by losses, especially those who backed solar-panel manufacturers competing with Chinese companies."
I have said it before and will say it again, We can't compete against Chinese companies that are subsidized by their government. There is no fair marketing and American companies can't sell when the market buys from China that dumps panels below America's cost. That's why companies start up then close or move to China. can't fight them, join them."

"We can't compete against Chinese companies that are subsidized by their government."

As if Uncle Sam didn't subsidize our companies???
Vette1967
Champion Author Albany

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Message Posted: Jan 15, 2013 11:33:54 PM

There's got to be a way to compete with China. What ever happen to "good old American know how"?
MN1
Champion Author Twin Cities

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Message Posted: Jan 15, 2013 11:24:19 PM

Too bad.
Focus2
Champion Author Illinois

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Message Posted: Jan 15, 2013 11:19:01 PM

The decline shows a wariness among investors who’ve been burned by losses, especially those who backed solar-panel manufacturers competing with Chinese companies."
I have said it before and will say it again, We can't compete against Chinese companies that are subsidized by their government. There is no fair marketing and American companies can't sell when the market buys from China that dumps panels below America's cost. That's why companies start up then close or move to China. Can't fight them, join them.
crreed1
Champion Author West Virginia

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Message Posted: Jan 15, 2013 11:17:55 PM

we all knew that
rahcat
Champion Author Grand Rapids

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Message Posted: Jan 15, 2013 11:15:58 PM

Why am I not surprised.
pa79th
Champion Author Pennsylvania

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Message Posted: Jan 15, 2013 11:15:50 PM

Electric, solar, wind, wave are NOT the answer. Natural gas!
wshokie12
Champion Author Winston-Salem

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Message Posted: Jan 15, 2013 11:15:21 PM

It takes money to be green.
tedjm1
Champion Author New York

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Points:801,050
Joined:Dec 2006
Message Posted: Jan 15, 2013 11:15:19 PM

US unable to compete with foreign companies. They might if they created quality worksmanship and items that did not break down very quickly.
floridakeys
Champion Author Columbus

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Points:370,855
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Message Posted: Jan 15, 2013 11:14:04 PM

And this is a surprise ? There never was any business here. Government garentead loans which is the taxpayer,when these company's went under the taxpayer took a bath.However not before many of these company's gave money back to the president and the democrats. Funny how that works.
Tsunamiron
Champion Author Jacksonville

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Message Posted: Jan 15, 2013 11:12:30 PM

It is going to take years.
unicornpmb
Champion Author Buffalo

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Message Posted: Jan 15, 2013 11:11:57 PM

Not unexpected.
bvrbill
Champion Author Eugene

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Message Posted: Jan 15, 2013 11:11:26 PM

No money to be made.
UpSol7
Champion Author Augusta

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Message Posted: Jan 15, 2013 11:10:42 PM

Private equity still investing nearly 6 billion
madison8359
Champion Author Cleveland

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Message Posted: Jan 15, 2013 11:09:50 PM

Hard to make money in these areas.
medic319
All-Star Author Akron

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Joined:Mar 2012
Message Posted: Jan 15, 2013 11:09:23 PM

Not a huge surprise. I am a fan of solar energy, for certain things. I'd love to have a big PV system at home, but I'll wait a little while to invest in one. The technology is developing rapidly, so a system I install this year will be obsolete in two years.
VanIsleLes
All-Star Author British Columbia

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Message Posted: Jan 15, 2013 11:07:41 PM

Hmm
jdevlin
All-Star Author Ontario

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Message Posted: Jan 15, 2013 11:06:06 PM

When it cost more to produce than it is sold for, it is no wonder.
ajrn
Champion Author Toledo

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Message Posted: Jan 15, 2013 11:05:35 PM

green energy=red ink...

it speaks to the failure of government to understand market economics.
PrinceLH
Champion Author Ontario

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Message Posted: Jan 15, 2013 11:03:45 PM

Hummm............
Doomsday64
All-Star Author Austin

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Message Posted: Jan 15, 2013 11:03:22 PM

No big surprise...
cheaper0ON
Champion Author Ontario

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Message Posted: Jan 15, 2013 11:03:14 PM

Ok.
splitrman
Champion Author Victoria

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Message Posted: Jan 15, 2013 11:02:36 PM

They bailed as the tax breaks were ending.
Lizzylou
Champion Author Stockton

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Message Posted: Jan 15, 2013 11:02:02 PM

AGREE not a surprise!
DCbeachbum
Champion Author South Carolina

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Message Posted: Jan 15, 2013 10:56:56 PM

This shows how the free market works. Venture-Capitalist's and Investors will cut their losses at times. And will look to change or redefine a product or look for other projects.
MrPony
All-Star Author North Carolina

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Message Posted: Jan 15, 2013 10:56:13 PM

We don't need private equity...we can have ObamaGas!
s6sputnik
Champion Author Austin

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Message Posted: Jan 15, 2013 10:55:27 PM

They will be back!
BREW9
Champion Author Tampa

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Message Posted: Jan 15, 2013 10:55:02 PM

ok
Rageagainsttm
Champion Author Tampa

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Message Posted: Jan 15, 2013 10:47:38 PM

Should have known.
SparkieMi
Champion Author Kalamazoo

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Message Posted: Jan 15, 2013 10:45:35 PM

No big surprise...
cheap59
Champion Author Michigan

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Message Posted: Jan 15, 2013 10:43:43 PM

They have to put their money where it makes money.
REKEY
Champion Author South Carolina

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Message Posted: Jan 15, 2013 10:43:12 PM

Didn't Romney run a private venture capitalist company?
melvindale
Champion Author Michigan

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Message Posted: Jan 15, 2013 10:36:25 PM

Really? Clean energy should still be doing very well.
us4usa
Champion Author Missouri

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Message Posted: Jan 15, 2013 10:36:10 PM

It's hard to get investors to bet on a dead horse...
SoutheastdannyB
All-Star Author Grand Rapids

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Message Posted: Jan 15, 2013 10:36:07 PM

hmm.
Buddy2264
Champion Author Tampa

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Message Posted: Jan 15, 2013 10:35:17 PM

It takes a long time to convince people to change. Big oil just tries to keep pulling us back, while continuing to raise the prices.
BCM1
Champion Author Pennsylvania

Posts:1,944
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Message Posted: Jan 15, 2013 10:33:46 PM

You can't make money, so private investment goes elsewhere.
Mikeyl
Champion Author Cleveland

Posts:9,418
Points:1,933,740
Joined:Aug 2004
Message Posted: Jan 15, 2013 10:33:46 PM

It's not so "green" on the other side, is it?

It's really about the "OTHER" green...
tutaw
Champion Author Kentucky

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Message Posted: Jan 15, 2013 10:31:12 PM

flee away
geoutpb
Champion Author Midland Odessa

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Message Posted: Jan 15, 2013 10:24:27 PM

No one wants to be the first to market in a very tough market.
wayoung56
Champion Author Alabama

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Message Posted: Jan 15, 2013 10:20:42 PM

Hmmm...
OCTAPA
Champion Author Toronto

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Message Posted: Jan 15, 2013 10:17:32 PM

ok
UpSol7
Champion Author Augusta

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Message Posted: Jan 15, 2013 10:16:43 PM

That's still almost 6 billion being privately invested
wcp3rd
All-Star Author New Jersey

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Joined:Mar 2012
Message Posted: Jan 15, 2013 10:14:54 PM

OK
efwosu
Veteran Author Columbus

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Message Posted: Jan 15, 2013 10:14:12 PM

There sure are a lot of libtard comments here about this article, too bad you guys vote too.
goodbuy
Champion Author Michigan

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Message Posted: Jan 15, 2013 10:14:12 PM

I don't feel sorry for them.
jamie12704
All-Star Author Minnesota

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Message Posted: Jan 15, 2013 10:04:53 PM

to bad
Lukus
Champion Author Halifax

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Message Posted: Jan 15, 2013 10:02:02 PM

ok
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