Why Wall Street Loves Energy Efficiency
San Francisco, Calif.–At the Renewable Energy Finance Forum-West,energy bankers said that clean technology segment leaders should be able to IPO successfully and that energy efficiency is an attractivesector. But they also predicted that oil companies will scale backtheir investments in wind energy and that the availability of capitalwill remain limited in the short term.
To attract growth equity in a difficult climate, bankers advisedcompanies to pursue realistic valuations at which their existing and new venture capital and/or strategic investors will participate.
On Public and Private Capital
“Everyone needs to be realistic because it is a brutally tough market,” said Ray Wood, Co-Head of Global Alternative Energy at Credit Suisse.“Government subsidies are under attack politically. Commodity prices are at historic lows and will remain this way because of shale gas.Utilities’ demand for power [and] new generation is down. Their desireto sign Power Purchase Agreements (for renewable energy) is down. [...]The IPO market is very difficult.”
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