Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:55 AM

GasBuddy News Article

55
votes
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


Read the Full Article

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
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,985
Points:2,221,965
Joined:Nov 2008
Message Posted: Jan 18, 2013 5:52:03 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.
Profile Pic
jrs4125
Champion Author Indiana

Posts:4,832
Points:1,189,920
Joined:Sep 2011
Message Posted: Jan 16, 2013 8:52:12 AM

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

Posts:3,263
Points:890,775
Joined:May 2012
Message Posted: Jan 16, 2013 3:48:50 AM

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

Posts:7,095
Points:1,493,920
Joined:May 2008
Message Posted: Jan 16, 2013 12:53:39 AM

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???
Profile Pic
Vette1967
Champion Author Albany

Posts:8,600
Points:1,889,195
Joined:Jun 2009
Message Posted: Jan 16, 2013 12:33:54 AM

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

Posts:5,904
Points:1,242,270
Joined:Jun 2011
Message Posted: Jan 16, 2013 12:24:19 AM

Too bad.
Profile Pic
Focus2
Champion Author Illinois

Posts:8,163
Points:2,111,340
Joined:Mar 2006
Message Posted: Jan 16, 2013 12:19:01 AM

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.
Profile Pic
crreed1
Champion Author West Virginia

Posts:4,430
Points:3,068,885
Joined:May 2005
Message Posted: Jan 16, 2013 12:17:55 AM

we all knew that
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:5,350
Points:1,275,275
Joined:Jan 2010
Message Posted: Jan 16, 2013 12:15:58 AM

Why am I not surprised.
Profile Pic
pa79th
Champion Author Pennsylvania

Posts:4,405
Points:1,809,500
Joined:Jun 2007
Message Posted: Jan 16, 2013 12:15:50 AM

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

Posts:3,140
Points:767,665
Joined:Aug 2012
Message Posted: Jan 16, 2013 12:15:21 AM

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

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Jan 16, 2013 12:15:19 AM

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

Posts:1,051
Points:370,855
Joined:Jan 2011
Message Posted: Jan 16, 2013 12:14:04 AM

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.
Profile Pic
Tsunamiron
Champion Author Jacksonville

Posts:3,936
Points:1,160,700
Joined:Mar 2011
Message Posted: Jan 16, 2013 12:12:30 AM

It is going to take years.
Profile Pic
unicornpmb
Champion Author Buffalo

Posts:11,124
Points:2,241,695
Joined:Sep 2005
Message Posted: Jan 16, 2013 12:11:57 AM

Not unexpected.
Profile Pic
bvrbill
Champion Author Eugene

Posts:7,209
Points:1,130,275
Joined:Jul 2011
Message Posted: Jan 16, 2013 12:11:26 AM

No money to be made.
Profile Pic
UpSol7
Champion Author Augusta

Posts:2,345
Points:1,286,125
Joined:Sep 2008
Message Posted: Jan 16, 2013 12:10:42 AM

Private equity still investing nearly 6 billion
Profile Pic
madison8359
Champion Author Cleveland

Posts:15,649
Points:2,204,850
Joined:Apr 2008
Message Posted: Jan 16, 2013 12:09:50 AM

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

Posts:756
Points:624,500
Joined:Mar 2012
Message Posted: Jan 16, 2013 12:09:23 AM

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.
Profile Pic
VanIsleLes
All-Star Author British Columbia

Posts:898
Points:330,895
Joined:Jun 2012
Message Posted: Jan 16, 2013 12:07:41 AM

Hmm
Profile Pic
jdevlin
All-Star Author Ontario

Posts:815
Points:1,933,910
Joined:Sep 2008
Message Posted: Jan 16, 2013 12:06:06 AM

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

Posts:16,605
Points:3,560,010
Joined:Nov 2003
Message Posted: Jan 16, 2013 12:05:35 AM

green energy=red ink...

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

Posts:5,337
Points:1,150,145
Joined:Jun 2011
Message Posted: Jan 16, 2013 12:03:45 AM

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

Posts:905
Points:374,750
Joined:Apr 2011
Message Posted: Jan 16, 2013 12:03:22 AM

No big surprise...
Profile Pic
cheaper0ON
Champion Author Ontario

Posts:3,583
Points:1,008,430
Joined:Jan 2012
Message Posted: Jan 16, 2013 12:03:14 AM

Ok.
Profile Pic
splitrman
Champion Author Victoria

Posts:3,696
Points:914,675
Joined:Jun 2012
Message Posted: Jan 16, 2013 12:02:36 AM

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

Posts:8,818
Points:2,357,285
Joined:Oct 2005
Message Posted: Jan 16, 2013 12:02:02 AM

AGREE not a surprise!
Profile Pic
DCbeachbum
Champion Author South Carolina

Posts:3,493
Points:1,425,610
Joined:May 2010
Message Posted: Jan 15, 2013 11:56:56 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.
Profile Pic
MrPony
All-Star Author North Carolina

Posts:743
Points:854,380
Joined:Jul 2004
Message Posted: Jan 15, 2013 11:56:13 PM

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

Posts:7,622
Points:1,858,595
Joined:Jun 2007
Message Posted: Jan 15, 2013 11:55:27 PM

They will be back!
Profile Pic
BREW9
Champion Author Tampa

Posts:3,502
Points:3,523,935
Joined:Jun 2004
Message Posted: Jan 15, 2013 11:55:02 PM

ok
Profile Pic
Rageagainsttm
Champion Author Tampa

Posts:10,772
Points:2,495,210
Joined:Jul 2007
Message Posted: Jan 15, 2013 11:47:38 PM

Should have known.
Profile Pic
SparkieMi
Champion Author Kalamazoo

Posts:5,749
Points:1,182,200
Joined:Sep 2011
Message Posted: Jan 15, 2013 11:45:35 PM

No big surprise...
Profile Pic
cheap59
Champion Author Michigan

Posts:5,022
Points:1,452,720
Joined:May 2010
Message Posted: Jan 15, 2013 11:43:43 PM

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

Posts:11,171
Points:2,302,450
Joined:May 2008
Message Posted: Jan 15, 2013 11:43:12 PM

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

Posts:1,438
Points:351,230
Joined:Jun 2011
Message Posted: Jan 15, 2013 11:36:25 PM

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

Posts:7,095
Points:1,493,920
Joined:May 2008
Message Posted: Jan 15, 2013 11:36:10 PM

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

Posts:590
Points:710,730
Joined:Jul 2007
Message Posted: Jan 15, 2013 11:36:07 PM

hmm.
Profile Pic
Buddy2264
Champion Author Tampa

Posts:14,354
Points:2,973,295
Joined:Oct 2005
Message Posted: Jan 15, 2013 11:35:17 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.
Profile Pic
BCM1
Champion Author Pennsylvania

Posts:1,944
Points:1,069,695
Joined:Jun 2007
Message Posted: Jan 15, 2013 11:33:46 PM

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

Posts:8,602
Points:1,780,405
Joined:Aug 2004
Message Posted: Jan 15, 2013 11:33:46 PM

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

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

Posts:5,978
Points:1,439,275
Joined:Sep 2008
Message Posted: Jan 15, 2013 11:31:12 PM

flee away
Profile Pic
geoutpb
Champion Author Midland Odessa

Posts:7,055
Points:1,626,845
Joined:Dec 2006
Message Posted: Jan 15, 2013 11:24:27 PM

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

Posts:5,305
Points:1,413,960
Joined:Oct 2006
Message Posted: Jan 15, 2013 11:20:42 PM

Hmmm...
Profile Pic
OCTAPA
Champion Author Toronto

Posts:1,265
Points:979,520
Joined:May 2011
Message Posted: Jan 15, 2013 11:17:32 PM

ok
Profile Pic
UpSol7
Champion Author Augusta

Posts:2,345
Points:1,286,125
Joined:Sep 2008
Message Posted: Jan 15, 2013 11:16:43 PM

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

Posts:780
Points:778,620
Joined:Mar 2012
Message Posted: Jan 15, 2013 11:14:54 PM

OK
Profile Pic
efwosu
Veteran Author Columbus

Posts:370
Points:141,560
Joined:Mar 2011
Message Posted: Jan 15, 2013 11:14:12 PM

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

Posts:10,135
Points:1,997,265
Joined:May 2005
Message Posted: Jan 15, 2013 11:14:12 PM

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

Posts:928
Points:210,680
Joined:Sep 2012
Message Posted: Jan 15, 2013 11:04:53 PM

to bad
Post a reply Back to Topics