Cleantech Energy Investing
Energy consumption is rapidly growing around the world. The modernization of emerging economies (such as India and China) has increased pressures on traditional energy providers (as well as increasing environmental concerns). As fossil fuel reserves dwindle, there is a growing need for clean energy supplies. Clean energies have emerged as an alternative for the fossil fuels, but many technologies still do not display the same level of efficiency and maturity compared to more traditional sources.
Investments remain a key growth factor, as many technologies present technical limitations to practical use. Many existing cleantech technologies cannot compete with coal energy, with is used as the current benchmark when evaluating feasibility. Subsidies are an important key of the clean technologies puzzle, but if these technologies are unable to develop long-term comparables, they run the risk of being relegated to niche products. This is especially true of renewable technologies.
This new SBI Energy reports delves into the global investments patterns dedicated to developing and commercializing these technologies. It covers a significant range of technologies and geographies to gain a greater understanding of the global investments market. After interviewing close to a dozen key stakeholders of the clean energy technology sector and doing extensive documentary research, we were able to build this report.
Exploring investment growth in seven energy producing technologies (solar, wind, biofuel, hydro, geothermal, nuclear and clean coal) and eleven geographies (the United States, Canada, Brazil, Spain, Germany, the United Kingdom, France, China, India, Japan and Australia), it is an essential tool for any manager looking for a global clean energy investment perspective within a single document.
Investments remain a key growth factor, as many technologies present technical limitations to practical use. Many existing cleantech technologies cannot compete with coal energy, with is used as the current benchmark when evaluating feasibility. Subsidies are an important key of the clean technologies puzzle, but if these technologies are unable to develop long-term comparables, they run the risk of being relegated to niche products. This is especially true of renewable technologies.
This new SBI Energy reports delves into the global investments patterns dedicated to developing and commercializing these technologies. It covers a significant range of technologies and geographies to gain a greater understanding of the global investments market. After interviewing close to a dozen key stakeholders of the clean energy technology sector and doing extensive documentary research, we were able to build this report.
Exploring investment growth in seven energy producing technologies (solar, wind, biofuel, hydro, geothermal, nuclear and clean coal) and eleven geographies (the United States, Canada, Brazil, Spain, Germany, the United Kingdom, France, China, India, Japan and Australia), it is an essential tool for any manager looking for a global clean energy investment perspective within a single document.
CHAPTER 1: EXECUTIVE SUMMARY
Research Scope and Methodology
Figure 1-1: Cleantech Investment Chain
Market Size and Growth - Two Angles
DD>Market Size and Growth - Technology
Table 1-1: Estimated Solar Panel Production & Forecasted Market Needs (GW)
Market Size and Growth - Geographic
Table 1-2: Electricity Generation Capacity, by Source in China, 2009 and 2014 (GwH)
Table 1-3: China at a Glance
Trends in the Clean Technology Energy Investment Market
Company Profiles
CHAPTER 2: OVERVIEW OF THE CLEANTECH INVESTING MARKET
Research Scope
Cleantech Investment Chain
Figure 2-1: Cleantech Investment Chain
Terminology
Terminology - Energy Types
Terminology - Investment Type
Investments in Research and Development
Investments in Manufacturing Capacity
Consumer Investments / Purchases
Terminology - Technologies
Solar
Wind
Biofuels
Hydro
Geothermal
Nuclear
Clean Coal
Methodology
CHAPTER 3: MARKET SIZE AND GROWTH - TECHNOLOGY
Solar Power
Background on Solar Power
Solar Power Investments: Venture Capital
Market Size and Growth
Manufacturing
Table 3-1: Estimated Solar Panel Production & Forecasted Market Needs (Gigawatts)
Consumers
Emerging Investing Vectors
Branding
Government Support
Distributed Solar
Wind Power
Background on Wind Power
Market Size and Growth
Table 3-2: Estimated Wind Turbine Installation & Forecasted Investments (GW / USD Billions)
Other Wind Market Trends
Internal Financing Rather than Outside Financing
The future of Offshore Wind
Wind Energy as a Job Generator
Danger of Overcapacity
Biofuels
Background on Biofuel Technology
Market Size and Growth - Venture Capital
Market Size and Growth - Capacity and Manufacturing
Table 3-3: Global Market Values of Biofuel and Bioenergy (Organic and Technology) Manufacturing, by Country, 2009 and 2014 (In $ millions USD)
Other Biofuel Trends
Increased Investments in Biofuel Manufacturing and Conversion
Innovations in Biorefineries
Innovations in Biofuel Processing
Table 3-4: Case Study in Innovation: Algae Technology
Hydro Power
Background on Hydro Power
Table 3-5: Classification of Hydro Project According to Power Output
Market Size and Growth
Table 3-6: Growth of Hydro Power Investments Across Project Sizes (Billion / million USD)
Trends for Growth
Table 3-7: Case Study: SN Power and the Privatization of Filipino Hydro Assets
Emerging Hydro Technologies
Geothermal Energy
Background on Geothermal Power
Market Size and Growth - Large Scale Facilities
Table 3-8: Estimated Geothermal Installation & Forecasted Investments (In millions of kilowatt hours / billion USD)
Market Size and Growth - Geothermal Heat Pump (GHP)
Trends
Enhanced Geothermal Systems (EGS)
Hydrocarbon/Geothermal Co-Production
Nuclear Energy
Technology Background on Nuclear Energy
Table 3-9: Nuclear Facility Generation Reference Chart
Current Nuclear Market and Estimated Growth
Table 3-10: Estimated Country Nuclear Capacity and Capacity Change through 2013
Table 3-11: Global market Value of Nuclear Energy Technology Manufacturing (In millions of $)
Outlook on Nuclear Energy
Clean Coal
Technology Background on Clean Coal
Market Size and Growth
Outlook on Clean coal
CHAPTER 4: MARKET SIZE AND GROWTH - GEOGRAPHIC
Americas
USA
Table 4-1: Electricity Generation Capacity, by Source in United States, 2009 and 2014 (Quadrillion BTUs [British Thermal Units])
Table 4-2: Overview of Energy Programs and Subsidies Driving Growth in the United States
Table 4-3: Case Study #1: New York Enhances Funding for Renewable Energy
Table 4-4: Case Study #2: Wyoming Wants to Tax Specifically Wind Energy
Table 4-5: U.S. Renewable Energy Consumption, by Source, 2009 and 2014 (Trillion BTU)
Solar in the U.S
Wind Energy in the U.S
Biomass and Biofuels in the U.S
Hydro in the U.S.
Geothermal in the U.S.
Nuclear Energy in the U.S.
Clean Coal in the U.S.
Canada
Brazil
Table 4-6: Electricity Generation Capacity, by Source in Brazil, 2009 and 2014 (GwH)
Europe
Spain
Table 4-7: Electricity Generation Capacity, by Source in Spain, 2009 and 2014 (GwH)
Germany
Table 4-8: Electricity Generation Capacity, by Source in Germany, 2009 and 2013 (MwH)
United Kingdom
Table 4-9: Electricity Generation Capacity, by Source in the U.K, 2009 and 2014 (MwH)
Table 4-10: UK at a Glance
France
Table 4-11: Electricity Generation Capacity, by Source in France, 2009 and 2014 (GwH)
Asia
China
Table 4-12: China's Electricity Consumption, 2009-2014 (billion kWhs).
Table 4-13: Electricity Generation Capacity, by Source in China, 2009 and 2014 (GwH)
Figure 4-1: Chinese Investments in Renewable Energy, 2007-2014 (US$ Billion)
Table 4-14: China at a Glance
India
Table 4-15: Electricity Generation Capacity, by Source in India, 2009 and 2014 (GwH)
Table 4-16: Estimated investments in Renewable Energies in India, 2009 to 2014 (US$)
Japan
Australia
CHAPTER 5: TRENDS IN THE CLEAN TECHNOLOGY ENERGY INVESTMENT MARKET
How did the Global Financial Crisis Impact Investing in the Market?.85
Figure 5-1: Cleantech Investment Energy Chain
Financial Capital Suppliers
Clean Technology Companies
End-user Investing
Is Clean Energy Technology Investing in an Investment Bubble?
Is Clean Technology Energy Overly Dependant on Government Support?
Is the Accent on Job Stimulus in Funding Programs Creating a Bias to Mature Technologies?
Is There Really Room for Growth?
Is it Time to Start Branding Clean Energy Technologies?
What is the Role of the Green Consumer in Driving Clean Energy Investment?
Where is There the Best Growth Opportunity in Consumer-Based Clean Technologies, or Large Scale Projects?
Overall What’s the Outlook of Clean Technology Energy in the Next Four to Eight Years?
CHAPTER 6: COMPANY PROFILES
Battelle Ventures
Corporate Background
Key Executives
Key Investments
Evergreen Solar
Corporate Background
Figure 6-1: Annual Revenues of Evergreen Solar, 2005-2009 (in million USD)
Figure 6-2: Annual MW Equivalent Sold, 2008-2012
Table 6-1: Product Brand Portfolio
Key Executives
Company News
Acquisitions and Divestitures
Outlook
Fotowatio Renewable Ventures
Corporate Background
Key Executives
Table 6-2: Current Project Portfolio
Company News
Merger and Acquisition
Closing US $200M Solar Fund V
FRV to Invest to Build and Operate 37 MW of Solar Projects in Italy
Gamesa
Corporate Background
Product and Brand Portfolio
Table 6-3: Gamesa’s Product and Brand Portfolio
Performance
Figure 6-3: Annual Sales of Gamesa, 2005-2009 (in billion Euros)
Figure 6-4: Annual MWe Equivalent Sold, 2005-2009
Company News
Acquisitions and Divestitures
Innovation
Outlook
Personnel Changes
GFI Energy Ventures LLC
Corporate Background
Key Executives
Strategy
Key Investments
Guinness Atkinson Funds
Corporate Background
Key Executives
Table 6-4: Funds Under Management
Alternative Energy Fund
Table 6-5: Key Investments (as of 28th of February 2010)
Table 6-6: Top Industry Sectors (28 February 2010)
Nth Power
Corporate Background
Strategy
Key Executives
Key Investments
SN Power
Corporate Background
Key Executives
Figure 6-5: Operating Revenues, 2005-2009 (in million USD)
Figure 6-6: Net Production, 2005-2009 (GWh)
Worldwide Presence
Asia
Latin America
Africa and Central America
SVB Financial Group
Corporate Background
Key Executives
SVB Cleantech Practice
Spectrum Renewable Energy Limited (SREL)
Corporate Background
Products - BioBowser
Key Executives
Suntech
Corporate Background
Table 6-7: Product and Brand Portfolio
Performance
Figure 6-7: Annual Sales of Suntech, 2005-2009 (in million USD)
Figure 6-8: Annual MW Squivalent Sold, 2005-2009
Company News
Acquisitions and Divestitures
Long-term Strategy
Vestas
Corporate Background
Table 6-8: Product and Brand Portfolio
Figure 6-9: Annual Sales of Vestas, 2005-2009 (in billion Euros)
Figure 6-10: Annual MW Produced and Shipped, 2005-2009
Company News
Market Vision
Long Term Equity Financing
Long Term Strategy: Triple 15
Research Scope and Methodology
Figure 1-1: Cleantech Investment Chain
Market Size and Growth - Two Angles
DD>Market Size and Growth - Technology
Table 1-1: Estimated Solar Panel Production & Forecasted Market Needs (GW)
Market Size and Growth - Geographic
Table 1-2: Electricity Generation Capacity, by Source in China, 2009 and 2014 (GwH)
Table 1-3: China at a Glance
Trends in the Clean Technology Energy Investment Market
Company Profiles
CHAPTER 2: OVERVIEW OF THE CLEANTECH INVESTING MARKET
Research Scope
Cleantech Investment Chain
Figure 2-1: Cleantech Investment Chain
Terminology
Terminology - Energy Types
Terminology - Investment Type
Investments in Research and Development
Investments in Manufacturing Capacity
Consumer Investments / Purchases
Terminology - Technologies
Solar
Wind
Biofuels
Hydro
Geothermal
Nuclear
Clean Coal
Methodology
CHAPTER 3: MARKET SIZE AND GROWTH - TECHNOLOGY
Solar Power
Background on Solar Power
Solar Power Investments: Venture Capital
Market Size and Growth
Manufacturing
Table 3-1: Estimated Solar Panel Production & Forecasted Market Needs (Gigawatts)
Consumers
Emerging Investing Vectors
Branding
Government Support
Distributed Solar
Wind Power
Background on Wind Power
Market Size and Growth
Table 3-2: Estimated Wind Turbine Installation & Forecasted Investments (GW / USD Billions)
Other Wind Market Trends
Internal Financing Rather than Outside Financing
The future of Offshore Wind
Wind Energy as a Job Generator
Danger of Overcapacity
Biofuels
Background on Biofuel Technology
Market Size and Growth - Venture Capital
Market Size and Growth - Capacity and Manufacturing
Table 3-3: Global Market Values of Biofuel and Bioenergy (Organic and Technology) Manufacturing, by Country, 2009 and 2014 (In $ millions USD)
Other Biofuel Trends
Increased Investments in Biofuel Manufacturing and Conversion
Innovations in Biorefineries
Innovations in Biofuel Processing
Table 3-4: Case Study in Innovation: Algae Technology
Hydro Power
Background on Hydro Power
Table 3-5: Classification of Hydro Project According to Power Output
Market Size and Growth
Table 3-6: Growth of Hydro Power Investments Across Project Sizes (Billion / million USD)
Trends for Growth
Table 3-7: Case Study: SN Power and the Privatization of Filipino Hydro Assets
Emerging Hydro Technologies
Geothermal Energy
Background on Geothermal Power
Market Size and Growth - Large Scale Facilities
Table 3-8: Estimated Geothermal Installation & Forecasted Investments (In millions of kilowatt hours / billion USD)
Market Size and Growth - Geothermal Heat Pump (GHP)
Trends
Enhanced Geothermal Systems (EGS)
Hydrocarbon/Geothermal Co-Production
Nuclear Energy
Technology Background on Nuclear Energy
Table 3-9: Nuclear Facility Generation Reference Chart
Current Nuclear Market and Estimated Growth
Table 3-10: Estimated Country Nuclear Capacity and Capacity Change through 2013
Table 3-11: Global market Value of Nuclear Energy Technology Manufacturing (In millions of $)
Outlook on Nuclear Energy
Clean Coal
Technology Background on Clean Coal
Market Size and Growth
Outlook on Clean coal
CHAPTER 4: MARKET SIZE AND GROWTH - GEOGRAPHIC
Americas
USA
Table 4-1: Electricity Generation Capacity, by Source in United States, 2009 and 2014 (Quadrillion BTUs [British Thermal Units])
Table 4-2: Overview of Energy Programs and Subsidies Driving Growth in the United States
Table 4-3: Case Study #1: New York Enhances Funding for Renewable Energy
Table 4-4: Case Study #2: Wyoming Wants to Tax Specifically Wind Energy
Table 4-5: U.S. Renewable Energy Consumption, by Source, 2009 and 2014 (Trillion BTU)
Solar in the U.S
Wind Energy in the U.S
Biomass and Biofuels in the U.S
Hydro in the U.S.
Geothermal in the U.S.
Nuclear Energy in the U.S.
Clean Coal in the U.S.
Canada
Brazil
Table 4-6: Electricity Generation Capacity, by Source in Brazil, 2009 and 2014 (GwH)
Europe
Spain
Table 4-7: Electricity Generation Capacity, by Source in Spain, 2009 and 2014 (GwH)
Germany
Table 4-8: Electricity Generation Capacity, by Source in Germany, 2009 and 2013 (MwH)
United Kingdom
Table 4-9: Electricity Generation Capacity, by Source in the U.K, 2009 and 2014 (MwH)
Table 4-10: UK at a Glance
France
Table 4-11: Electricity Generation Capacity, by Source in France, 2009 and 2014 (GwH)
Asia
China
Table 4-12: China's Electricity Consumption, 2009-2014 (billion kWhs).
Table 4-13: Electricity Generation Capacity, by Source in China, 2009 and 2014 (GwH)
Figure 4-1: Chinese Investments in Renewable Energy, 2007-2014 (US$ Billion)
Table 4-14: China at a Glance
India
Table 4-15: Electricity Generation Capacity, by Source in India, 2009 and 2014 (GwH)
Table 4-16: Estimated investments in Renewable Energies in India, 2009 to 2014 (US$)
Japan
Australia
CHAPTER 5: TRENDS IN THE CLEAN TECHNOLOGY ENERGY INVESTMENT MARKET
How did the Global Financial Crisis Impact Investing in the Market?.85
Figure 5-1: Cleantech Investment Energy Chain
Financial Capital Suppliers
Clean Technology Companies
End-user Investing
Is Clean Energy Technology Investing in an Investment Bubble?
Is Clean Technology Energy Overly Dependant on Government Support?
Is the Accent on Job Stimulus in Funding Programs Creating a Bias to Mature Technologies?
Is There Really Room for Growth?
Is it Time to Start Branding Clean Energy Technologies?
What is the Role of the Green Consumer in Driving Clean Energy Investment?
Where is There the Best Growth Opportunity in Consumer-Based Clean Technologies, or Large Scale Projects?
Overall What’s the Outlook of Clean Technology Energy in the Next Four to Eight Years?
CHAPTER 6: COMPANY PROFILES
Battelle Ventures
Corporate Background
Key Executives
Key Investments
Evergreen Solar
Corporate Background
Figure 6-1: Annual Revenues of Evergreen Solar, 2005-2009 (in million USD)
Figure 6-2: Annual MW Equivalent Sold, 2008-2012
Table 6-1: Product Brand Portfolio
Key Executives
Company News
Acquisitions and Divestitures
Outlook
Fotowatio Renewable Ventures
Corporate Background
Key Executives
Table 6-2: Current Project Portfolio
Company News
Merger and Acquisition
Closing US $200M Solar Fund V
FRV to Invest to Build and Operate 37 MW of Solar Projects in Italy
Gamesa
Corporate Background
Product and Brand Portfolio
Table 6-3: Gamesa’s Product and Brand Portfolio
Performance
Figure 6-3: Annual Sales of Gamesa, 2005-2009 (in billion Euros)
Figure 6-4: Annual MWe Equivalent Sold, 2005-2009
Company News
Acquisitions and Divestitures
Innovation
Outlook
Personnel Changes
GFI Energy Ventures LLC
Corporate Background
Key Executives
Strategy
Key Investments
Guinness Atkinson Funds
Corporate Background
Key Executives
Table 6-4: Funds Under Management
Alternative Energy Fund
Table 6-5: Key Investments (as of 28th of February 2010)
Table 6-6: Top Industry Sectors (28 February 2010)
Nth Power
Corporate Background
Strategy
Key Executives
Key Investments
SN Power
Corporate Background
Key Executives
Figure 6-5: Operating Revenues, 2005-2009 (in million USD)
Figure 6-6: Net Production, 2005-2009 (GWh)
Worldwide Presence
Asia
Latin America
Africa and Central America
SVB Financial Group
Corporate Background
Key Executives
SVB Cleantech Practice
Spectrum Renewable Energy Limited (SREL)
Corporate Background
Products - BioBowser
Key Executives
Suntech
Corporate Background
Table 6-7: Product and Brand Portfolio
Performance
Figure 6-7: Annual Sales of Suntech, 2005-2009 (in million USD)
Figure 6-8: Annual MW Squivalent Sold, 2005-2009
Company News
Acquisitions and Divestitures
Long-term Strategy
Vestas
Corporate Background
Table 6-8: Product and Brand Portfolio
Figure 6-9: Annual Sales of Vestas, 2005-2009 (in billion Euros)
Figure 6-10: Annual MW Produced and Shipped, 2005-2009
Company News
Market Vision
Long Term Equity Financing
Long Term Strategy: Triple 15
