Prices for solar have dropped to $0.70/W, resulting in massive losses for module manufacturers, according to Lux Research. And, with pressure from competitors, customers and policy makers to drop prices even further, solar manufacturers must drive costs lower via efficiencies to survive in order to meet future market demand.
A recent AP-GFK poll found that 4 out of 5 Americans feel that climate change is a serious issue in the U.S., up from 73% in ’09, with 57% believing that the U.S. government should do a “great deal” to address it. Seventy-eight percent of those surveyed believe temperatures are rising.
In an otherwise bleak landscape for financing energy projects, big investors from GE, J.P. Morgan, Deutsche Bank and Arclight Capital spot big opportunities.
Garage Technology Ventures launched a new fund that will tap technology firms for early-stage cleantech deals, unlocking $2 trillion in corporate cash.
British Airways announced a commitment to buy the 50,000-ton output of a biofuel plant in East London at market prices over a 10-year period.
The Carlyle Group raised $1.38 billion for the Carlyle Energy Mezzanine Opportunities Fund, which will target renewable power and other energy sectors.
Although Wanxiang’s purchase of A123 Systems was approved yesterday, there’s still a chance that Johnson Controls could play spoiler.
Chrysalix launched a global network of independent, locally managed venture capital firms targeting cleantech investing in Asia, Europe and North America.
The clean energy venture funding market will be driven by positive regulatory policies, environmental support for a lower carbon footprint, and technological innovations, such as thin-film solar and advanced biofuels. In addition, investors are increasing looking to the Asia-Pacific region as a source of new deal activity. View Article