Renewable tax credits likely to run out, leaving investment at home hanging

Renewable tax credits likely to run out, leaving investment at home hanging
Excerpt:
"On Wednesday, the U.S. House of Representatives passed bill H.R. 5351 to renew a standing investment tax credit for solar, as well as wind, biofuels and other renewable sources. But as in the past, the bill faces stiff resistance in the Senate and a veto from President Bush.

Most media sources have reported on the bill as if its future is still uncertain, but the general feeling among analysts, entrepreneurs and VCs that I’ve talked to is fairly gloomy. Most expect that the credits will run out, leaving the industry in the lurch until the changing of the guard in 2009."

Cleantech investment in 2007 up 43 percent, tops $3 billion

Excerpt:
"The latest set of figures on cleantech investment in 2007 are out, compiled by Dow Jones VentureSource, showing a total of $3.04 billion in deals around the world with a solid 83 percent of all deals sourced in the United States.

The Dow Jones numbers look even more bubbly in some ways than the Thompson Financial / NVCA stats we reported back in November, which had cleantech investment for the first three quarters of the year at $2.6 billion. Dow Jones counts deals differently, and didn’t include some of the mega-fundings like the $500 million investment in Delta Hydrocarbon BV that Thompson factored into its total.

Instead, Dow Jones counted up dozens of small deals, painting a picture of rapid sector expansion. Deal volume in the United States alone was up 54 percent, with the category of alternative energy production notably ballooning to 76 deals — well up from the 2005 and 2006 numbers of 22 and 47, respectively. Th deal volume in Europe was almost flat, but investment rose 27 percent to €266 million."

http://www.theindustrystandard.com/news/2008/02/29/cleantech-investment-2007-43-percent-tops-3-billion

Abu Dhabi to Invest $15 Billion in Renewables

Abu Dhabi to Invest $15 Billion in Renewables
Excerpt:
"General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has announced the launch of an initial investment of $15 billion in projects targeting solar, wind and hydrogen power, carbon reduction and management, sustainable development, education, manufacturing and research and development."

Fed seeks to spur green energy investment with guarantees

Fed seeks to spur green energy investment with guarantees

Excerpt:
"The Federal government is backing investments in clean energy projects, providing $2 billion in loan guarantees to 16 companies.

The guarantee program differs from recent Department of Energy grants (our coverage on some of those here and here) in that the companies are not given money by the government. The program is more akin to having a cosigner on a loan."

http://venturebeat.com/2007/10/05/fed-seeks-to-spur-green-energy-investment-with-guarantees/

Investors Seeing Green In Media

Investors Seeing Green In Media

Cleantech Investing Hit $3.9B in 2006

Excerpt:
"The Cleantech Network issued a report this week that looks back at cleantech venture investing in 2006. It was a “watershed period” in the industry, according to the group, as investment in the sector rose 70 percent in 2006 and the market began to see its first successful cleantech IPOs and M&As. Venture investors put $3.9 billion into cleantech companies in North America, Europe and Israel — $1.6 billion more than in 2005."

http://earth2tech.com/2007/08/25/cleantech-investing-hit-39b-in-2006/