Financing the Future - The New Energy Equation
Cascadia Capital, LLC
701 Fifth Avenue, Suite 2600
Seattle WA 98104
New Energy Finance Report, “Global Trends in
Sustainable Energy Investment 2009 Report.”
Deloitte and Cleantech Group LLC.
tVenture capital investing
in clean energy jumped 10
percent between Q209 and
Q309, reaching $1.6 billion;
VC investing in clean energy
has risen steadily this year,
albeit from lower levels.
We are experiencing the tip-of-the-iceberg af-
fect right now in clean energy. That means the
public is seeing only a fraction of the sector’s
expanding and increasing deal activity.
Indeed, there is lots of discussion
occurring among corporations
(both domestic and overseas) who
are looking to invest in, or acquire,
renewable energy technology
In addition, clean energy com-
panies, investors and investment
banks are quietly but clearly
positioning themselves behind the scenes in
anticipation of a capital markets thaw-out.
This is motivating private equity (venture
capital, growth equity, private equity) inves-
tors upstream, and they are beginning to fund
clean technology in a signi!cant way.
The industry is – without doubt – bene!ting
from government investment in clean energy.
Over the long haul, however, the real
question is when the new energy
economy can "ourish in a non-subsi-
It will – if we can advance green
technologies in order to achieve cost
improvements that directly compete
with traditional energy technologies.
As the deals below indicate, we are at a de!-
nite in"ection point in the clean technology
revolution. We anticipate more transactions
and more capital markets activity – as well as
more value creation – in the coming quarters.