Renewables Q3 Investment Down on Q2
London, UK
Latest figures from analysis firm New Energy Finance (NEF) show that total worldwide new financial investment in clean energy totaled $25.9 billion in the third quarter of 2009, down 9% from a revised Q2 total of $28.6 billion, but still markedly ahead of the dramatic low of $13.3 billion reached in Q1.
"It is heartening to see that the collapse in investment seen in the first quarter of this year is firmly receding in the rear-view mirror. However, the financing environment remains difficult, with undue reliance on stimulus funds, development banks and state-backed capital providers of various sorts."
-- Michael Liebreich, Chairman and CEO, New Energy Finance
Although investment in Q3 was aided by a strong recovery in public markets and the first real installment of the billions of ‘green stimulus’ dollars promised by major economies, the figures remain 22% below the total for the same quarter last year, and 36% below the peak figure of $40.3 billion recorded in Q4 2007 as investment activity has not returned to the levels seen in 2007 and 2008.
Narrowing its forecast range for full-year 2009 total new investment to $105-$115 billion, in the upper band of the previous forecast range of $95-$115 billion, New Energy Finance still expects that total new investment in clean energy is likely to exceed $300 billion per year by 2020, but this is well below the $500 billion per year that would be required to limit the rise in global temperatures to two degrees Centigrade or less, the company argues.
Fundraisings by quoted clean energy companies totaled $4.5 billion during Q3, up from $3.1bn in Q2 and a far cry from the negligible $0.4 billion of Q1. The Q3 total was boosted by a few major share issues, including a $724 million rights issue by Norwegian solar company Renewable Energy Corporation and a closely-watched $371 million initial public offering by US battery maker A123 Systems, the first major IPO in the post-crisis period.
Meanwhile, venture capital and private equity investors pumped $2.2 billion into clean energy companies in Q3, up from $1.4 billion in Q2, but little more than half of the peak figure of $4.1 billion attained in Q3 2008. Among the big VC/PE deals in the latest quarter were the $198 million of equity raised by US solar firm Solyndra and the $82.5 million raised by US electric vehicle specialist Tesla Motors. Technology venture capital investment in the quarter totalled $813 million, up from $551 million in Q2, the NEF analysis says.
Asset finance, which always constitutes the largest portion of overall clean energy investment, hit $19.2 billion in the third quarter of 2009 for new-build projects, down from a revised $24.1 billion in Q2 but far above Q1's total of $11.4 billion, which was the lowest since the beginning of 2006.
Michael Liebreich, chairman and chief executive of New Energy Finance, commented: “It is heartening to see that the collapse in investment seen in the first quarter of this year is firmly receding in the rear-view mirror. However, the financing environment remains difficult, with undue reliance on stimulus funds, development banks and state-backed capital providers of various sorts. Most significantly, the levels of investment required to bring global carbon emissions to a peak during the coming decade are as far out of reach as ever – particularly significant given the rapidly-approaching Copenhagen deadline.”
Nonetheless, Liebreich added: “The shortage of debt finance caused by the banking crisis remains an impediment to project finance for wind farms and solar parks. However, there are signs that the situation is beginning to ease. We are seeing governments – particularly the US – starting to spend the estimated $163 billion they have earmarked for 'green stimulus' programmes. That should boost asset finance in the fourth quarter.”
Resource
Almost all of the renewable companies are experiecing this, but lets look at the future positive side of it. Having this green electricity will manage our global warming and decrease our use of energy consumption in a good well which help the government spend their money in other finances of their country. Is a matter of renewable energy management and a good advise from the renewable energy consulting will surely soar because renewable energy degree upward even in this financial crisis we are facing right now.
Monday, October 26, 2009
Renewable Energy and Energy Efficiency Can Create 4.5 Million Jobs
Renewable Energy and Energy Efficiency Can Create 4.5 Million Jobs
by Jennifer Runyon, Managing Editor
Washington, D.C. United States
According to the American Solar Energy Society (ASES) and Management Information Services Inc. (MISI), 4.5 million jobs will be created in the United States by 2030 if the government gets serious about tackling climate change.
"It's win-win-win for the country."
-- Roger Besdek, Management Information Services, Inc
The agencies released a new report today, entitled Estimating the Jobs Impact of Tackling Climate Change, in which they tally the net jobs that will be created through energy efficiency and renewable energy if the U.S. commits to reducing carbon emissions to levels necessary to ward off the disastrous effects of climate change — displacing approximately 1.2 billion tons of carbon emissions annually by the year 2030. These are net jobs created meaning that the findings take into account the number of jobs that will be lost as well.
The findings build on a report released by ASES in January of this year, Tackling Climate Change in the U.S., which found that the country could keep emission levels constant through 2030 with energy efficiency measures and could make deep cuts in emission levels by implementing renewable energy technologies.
This newest report examines the number of jobs created as well as the costs associated with taking those steps.
According to the analysis, renewable energy and energy efficiency deployment costs would be revenue neutral or better, as the costs associated with energy efficiency end up saving the country more money than the costs associated with deploying renewable energy technologies — and 4.5 million jobs will be created all the while.
“It’s win-win-win for the country,” said Roger Besdek of MISI. The economy wins, the environment wins and the America people win because most of the jobs created are not those that can be outsourced, he said. Besdek also said that many of the new jobs would not require significant additional education or training.
According to the report, the industries that are the big winners through tackling climate change are construction, professional services, farming, trucking and transport and metal fabrication, with many more industries benefitting from substantial job increases.
Brad Collins, Executive Director of ASES, said that there are three main components to jump-starting this new green economy. The first is ready markets / incentives because this is new technology and the country will need transitional assistance to start the ball rolling. The second is broad location incentives and potentially workforce development grants. Third, he said that leadership is key. The country needs strong local, state and federal leaders that have vision and want to invest in this opportunity, he said.
from the article...
Green electricity today is very lucrative and some renewable energy companies start to put up a business, even seek a renewable energy consultant to update for latest technology in this generation. Some renewable consulting companies suggest to have a high capital for a renewable energy investment. This will be a good renewable energy news for renewable energy job seekers.
by Jennifer Runyon, Managing Editor
Washington, D.C. United States
According to the American Solar Energy Society (ASES) and Management Information Services Inc. (MISI), 4.5 million jobs will be created in the United States by 2030 if the government gets serious about tackling climate change.
"It's win-win-win for the country."
-- Roger Besdek, Management Information Services, Inc
The agencies released a new report today, entitled Estimating the Jobs Impact of Tackling Climate Change, in which they tally the net jobs that will be created through energy efficiency and renewable energy if the U.S. commits to reducing carbon emissions to levels necessary to ward off the disastrous effects of climate change — displacing approximately 1.2 billion tons of carbon emissions annually by the year 2030. These are net jobs created meaning that the findings take into account the number of jobs that will be lost as well.
The findings build on a report released by ASES in January of this year, Tackling Climate Change in the U.S., which found that the country could keep emission levels constant through 2030 with energy efficiency measures and could make deep cuts in emission levels by implementing renewable energy technologies.
This newest report examines the number of jobs created as well as the costs associated with taking those steps.
According to the analysis, renewable energy and energy efficiency deployment costs would be revenue neutral or better, as the costs associated with energy efficiency end up saving the country more money than the costs associated with deploying renewable energy technologies — and 4.5 million jobs will be created all the while.
“It’s win-win-win for the country,” said Roger Besdek of MISI. The economy wins, the environment wins and the America people win because most of the jobs created are not those that can be outsourced, he said. Besdek also said that many of the new jobs would not require significant additional education or training.
According to the report, the industries that are the big winners through tackling climate change are construction, professional services, farming, trucking and transport and metal fabrication, with many more industries benefitting from substantial job increases.
Brad Collins, Executive Director of ASES, said that there are three main components to jump-starting this new green economy. The first is ready markets / incentives because this is new technology and the country will need transitional assistance to start the ball rolling. The second is broad location incentives and potentially workforce development grants. Third, he said that leadership is key. The country needs strong local, state and federal leaders that have vision and want to invest in this opportunity, he said.
from the article...
Green electricity today is very lucrative and some renewable energy companies start to put up a business, even seek a renewable energy consultant to update for latest technology in this generation. Some renewable consulting companies suggest to have a high capital for a renewable energy investment. This will be a good renewable energy news for renewable energy job seekers.
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