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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

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honda0105 Champion Author Tallahassee Posts:18,599 Points:1,607,570 Joined:Nov 2008	Message Posted: Jan 18, 2013 5:52:03 AM Ignore honda0105 Report Abuse 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 Posts:2,748 Points:589,795 Joined:Sep 2011	Message Posted: Jan 16, 2013 8:52:12 AM Ignore jrs4125 Report Abuse Short term they my be right..... Long term doubtful.
SkooterG Champion Author Phoenix Posts:1,359 Points:328,585 Joined:May 2012	Message Posted: Jan 16, 2013 3:48:50 AM Ignore SkooterG Report Abuse As much as I would like renewable energy, it just doesn't seem to be economically viable.
us4usa Champion Author Missouri Posts:5,978 Points:1,110,425 Joined:May 2008	Message Posted: Jan 16, 2013 12:53:39 AM Ignore us4usa Report Abuse 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 Posts:5,957 Points:1,274,050 Joined:Jun 2009	Message Posted: Jan 16, 2013 12:33:54 AM Ignore Vette1967 Report Abuse 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 Posts:3,349 Points:648,640 Joined:Jun 2011	Message Posted: Jan 16, 2013 12:24:19 AM Ignore MN1 Report Abuse Too bad.
Focus2 Champion Author Illinois Posts:7,889 Points:1,918,255 Joined:Mar 2006	Message Posted: Jan 16, 2013 12:19:01 AM Ignore Focus2 Report Abuse 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 Posts:1,975 Points:2,524,385 Joined:May 2005	Message Posted: Jan 16, 2013 12:17:55 AM Ignore crreed1 Report Abuse we all knew that
rahcat Champion Author Grand Rapids Posts:2,458 Points:661,000 Joined:Jan 2010	Message Posted: Jan 16, 2013 12:15:58 AM Ignore rahcat Report Abuse Why am I not surprised.
pa79th Champion Author Pennsylvania Posts:1,772 Points:1,214,900 Joined:Jun 2007	Message Posted: Jan 16, 2013 12:15:50 AM Ignore pa79th Report Abuse Electric, solar, wind, wave are NOT the answer. Natural gas!
wshokie12 Champion Author Winston-Salem Posts:1,310 Points:214,610 Joined:Aug 2012	Message Posted: Jan 16, 2013 12:15:21 AM Ignore wshokie12 Report Abuse It takes money to be green.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Jan 16, 2013 12:15:19 AM Ignore tedjm1 Report Abuse US unable to compete with foreign companies. They might if they created quality worksmanship and items that did not break down very quickly.
floridakeys All-Star Author Columbus Posts:672 Points:269,455 Joined:Jan 2011	Message Posted: Jan 16, 2013 12:14:04 AM Ignore floridakeys Report Abuse 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 Posts:1,419 Points:555,775 Joined:Mar 2011	Message Posted: Jan 16, 2013 12:12:30 AM Ignore Tsunamiron Report Abuse It is going to take years.
unicornpmb Champion Author Buffalo Posts:8,476 Points:1,627,465 Joined:Sep 2005	Message Posted: Jan 16, 2013 12:11:57 AM Ignore unicornpmb Report Abuse Not unexpected.
bvrbill Champion Author Eugene Posts:3,199 Points:516,575 Joined:Jul 2011	Message Posted: Jan 16, 2013 12:11:26 AM Ignore bvrbill Report Abuse No money to be made.
UpSol7 Champion Author Augusta Posts:1,643 Points:756,925 Joined:Sep 2008	Message Posted: Jan 16, 2013 12:10:42 AM Ignore UpSol7 Report Abuse Private equity still investing nearly 6 billion
madison8359 Champion Author Cleveland Posts:9,000 Points:1,591,345 Joined:Apr 2008	Message Posted: Jan 16, 2013 12:09:50 AM Ignore madison8359 Report Abuse Hard to make money in these areas.
medic319 All-Star Author Akron Posts:713 Points:243,985 Joined:Mar 2012	Message Posted: Jan 16, 2013 12:09:23 AM Ignore medic319 Report Abuse 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 Posts:898 Points:275,345 Joined:Jun 2012	Message Posted: Jan 16, 2013 12:07:41 AM Ignore VanIsleLes Report Abuse Hmm
jdevlin All-Star Author Ontario Posts:798 Points:1,376,220 Joined:Sep 2008	Message Posted: Jan 16, 2013 12:06:06 AM Ignore jdevlin Report Abuse When it cost more to produce than it is sold for, it is no wonder.
ajrn Champion Author Toledo Posts:14,175 Points:2,966,315 Joined:Nov 2003	Message Posted: Jan 16, 2013 12:05:35 AM Ignore ajrn Report Abuse green energy=red ink... it speaks to the failure of government to understand market economics.
PrinceLH Champion Author Ontario Posts:2,682 Points:536,095 Joined:Jun 2011	Message Posted: Jan 16, 2013 12:03:45 AM Ignore PrinceLH Report Abuse Hummm............
Doomsday64 All-Star Author Austin Posts:849 Points:334,080 Joined:Apr 2011	Message Posted: Jan 16, 2013 12:03:22 AM Ignore Doomsday64 Report Abuse No big surprise...
cheaper0ON All-Star Author Ontario Posts:973 Points:396,105 Joined:Jan 2012	Message Posted: Jan 16, 2013 12:03:14 AM Ignore cheaper0ON Report Abuse Ok.
splitrman Champion Author Victoria Posts:1,310 Points:314,590 Joined:Jun 2012	Message Posted: Jan 16, 2013 12:02:36 AM Ignore splitrman Report Abuse They bailed as the tax breaks were ending.
Lizzylou Champion Author Stockton Posts:8,818 Points:2,357,285 Joined:Oct 2005	Message Posted: Jan 16, 2013 12:02:02 AM Ignore Lizzylou Report Abuse AGREE not a surprise!
DCbeachbum Champion Author South Carolina Posts:2,642 Points:902,990 Joined:May 2010	Message Posted: Jan 15, 2013 11:56:56 PM Ignore DCbeachbum Report Abuse 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 Veteran Author North Carolina Posts:418 Points:391,475 Joined:Jul 2004	Message Posted: Jan 15, 2013 11:56:13 PM Ignore MrPony Report Abuse We don't need private equity...we can have ObamaGas!
s6sputnik Champion Author Austin Posts:6,214 Points:1,306,245 Joined:Jun 2007	Message Posted: Jan 15, 2013 11:55:27 PM Ignore s6sputnik Report Abuse They will be back!
BREW9 All-Star Author Tampa Posts:871 Points:2,910,030 Joined:Jun 2004	Message Posted: Jan 15, 2013 11:55:02 PM Ignore BREW9 Report Abuse ok
Rageagainsttm Champion Author Tampa Posts:8,293 Points:1,901,030 Joined:Jul 2007	Message Posted: Jan 15, 2013 11:47:38 PM Ignore Rageagainsttm Report Abuse Should have known.
SparkieMi Champion Author Kalamazoo Posts:3,248 Points:585,500 Joined:Sep 2011	Message Posted: Jan 15, 2013 11:45:35 PM Ignore SparkieMi Report Abuse No big surprise...
cheap59 Champion Author Michigan Posts:4,240 Points:960,770 Joined:May 2010	Message Posted: Jan 15, 2013 11:43:43 PM Ignore cheap59 Report Abuse They have to put their money where it makes money.
REKEY Champion Author South Carolina Posts:8,564 Points:1,696,490 Joined:May 2008	Message Posted: Jan 15, 2013 11:43:12 PM Ignore REKEY Report Abuse Didn't Romney run a private venture capitalist company?
melvindale Champion Author Michigan Posts:1,438 Points:351,230 Joined:Jun 2011	Message Posted: Jan 15, 2013 11:36:25 PM Ignore melvindale Report Abuse Really? Clean energy should still be doing very well.
us4usa Champion Author Missouri Posts:5,978 Points:1,110,425 Joined:May 2008	Message Posted: Jan 15, 2013 11:36:10 PM Ignore us4usa Report Abuse It's hard to get investors to bet on a dead horse...
SoutheastdannyB All-Star Author Grand Rapids Posts:590 Points:581,880 Joined:Jul 2007	Message Posted: Jan 15, 2013 11:36:07 PM Ignore SoutheastdannyB Report Abuse hmm.
Buddy2264 Champion Author Tampa Posts:11,644 Points:2,358,020 Joined:Oct 2005	Message Posted: Jan 15, 2013 11:35:17 PM Ignore Buddy2264 Report Abuse 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:1,859 Points:782,020 Joined:Jun 2007	Message Posted: Jan 15, 2013 11:33:46 PM Ignore BCM1 Report Abuse You can't make money, so private investment goes elsewhere.
Mikeyl Champion Author Cleveland Posts:5,147 Points:1,183,645 Joined:Aug 2004	Message Posted: Jan 15, 2013 11:33:46 PM Ignore Mikeyl Report Abuse It's not so "green" on the other side, is it? It's really about the "OTHER" green...
tutaw Champion Author Kentucky Posts:3,590 Points:840,795 Joined:Sep 2008	Message Posted: Jan 15, 2013 11:31:12 PM Ignore tutaw Report Abuse flee away
geoutpb Champion Author Midland Odessa Posts:4,613 Points:1,064,360 Joined:Dec 2006	Message Posted: Jan 15, 2013 11:24:27 PM Ignore geoutpb Report Abuse No one wants to be the first to market in a very tough market.
wayoung56 Champion Author Alabama Posts:2,790 Points:816,385 Joined:Oct 2006	Message Posted: Jan 15, 2013 11:20:42 PM Ignore wayoung56 Report Abuse Hmmm...
OCTAPA Veteran Author Toronto Posts:493 Points:481,115 Joined:May 2011	Message Posted: Jan 15, 2013 11:17:32 PM Ignore OCTAPA Report Abuse ok
UpSol7 Champion Author Augusta Posts:1,643 Points:756,925 Joined:Sep 2008	Message Posted: Jan 15, 2013 11:16:43 PM Ignore UpSol7 Report Abuse That's still almost 6 billion being privately invested
wcp3rd All-Star Author New Jersey Posts:724 Points:359,675 Joined:Mar 2012	Message Posted: Jan 15, 2013 11:14:54 PM Ignore wcp3rd Report Abuse OK
efwosu Sophomore Author Columbus Posts:236 Points:91,000 Joined:Mar 2011	Message Posted: Jan 15, 2013 11:14:12 PM Ignore efwosu Report Abuse There sure are a lot of libtard comments here about this article, too bad you guys vote too.
goodbuy Champion Author Michigan Posts:7,658 Points:1,419,880 Joined:May 2005	Message Posted: Jan 15, 2013 11:14:12 PM Ignore goodbuy Report Abuse I don't feel sorry for them.
jamie12704 All-Star Author Minnesota Posts:565 Points:135,640 Joined:Sep 2012	Message Posted: Jan 15, 2013 11:04:53 PM Ignore jamie12704 Report Abuse to bad