Enviar búsqueda
Cargar
Clean Energy Investment Trends By Michael Liebreich Of New Energy Finance June 2008
•
1 recomendación
•
454 vistas
H
hilldor
Seguir
Vista de diapositivas
Denunciar
Compartir
Vista de diapositivas
Denunciar
Compartir
1 de 24
Descargar ahora
Descargar para leer sin conexión
Recomendados
Overview Of Venture Capital
Overview Of Venture Capital
Glenn Klith Andersen
Relevant Fact – Swift & Co. Update
Relevant Fact – Swift & Co. Update
JBS RI
ARC Resources - January 2013 Investor Presentation
ARC Resources - January 2013 Investor Presentation
ARC Resources
progress energy lehman
progress energy lehman
finance25
public serviceenterprise group Lehman
public serviceenterprise group Lehman
finance20
CMC_Analysts_Presentation_FY_06
CMC_Analysts_Presentation_FY_06
finance21
2011 Westport Annual General Meeting
2011 Westport Annual General Meeting
Westport
Camposol: resultados del año 2012
Camposol: resultados del año 2012
Ernesto Linares
Recomendados
Overview Of Venture Capital
Overview Of Venture Capital
Glenn Klith Andersen
Relevant Fact – Swift & Co. Update
Relevant Fact – Swift & Co. Update
JBS RI
ARC Resources - January 2013 Investor Presentation
ARC Resources - January 2013 Investor Presentation
ARC Resources
progress energy lehman
progress energy lehman
finance25
public serviceenterprise group Lehman
public serviceenterprise group Lehman
finance20
CMC_Analysts_Presentation_FY_06
CMC_Analysts_Presentation_FY_06
finance21
2011 Westport Annual General Meeting
2011 Westport Annual General Meeting
Westport
Camposol: resultados del año 2012
Camposol: resultados del año 2012
Ernesto Linares
GE-2009 Annual Meeting of Shareowners
GE-2009 Annual Meeting of Shareowners
Manya Mohan
PEG_MorganStanley
PEG_MorganStanley
finance20
fpl group library.corporate-library. corporate-
fpl group library.corporate-library. corporate-
finance17
Aegean marine petroleum q4 2012 results presentation
Aegean marine petroleum q4 2012 results presentation
TradeWindsnews
el paso 2E961AE6-D8CD-4328-9657-89A97FED03C0_Howard_Weil_032409
el paso 2E961AE6-D8CD-4328-9657-89A97FED03C0_Howard_Weil_032409
finance49
Uintah Basin Energy and Transportation Study
Uintah Basin Energy and Transportation Study
Utah Department of Transportation
AES 3Q 08 Review
AES 3Q 08 Review
finance19
Bonterra Energy Corporate Presentation
Bonterra Energy Corporate Presentation
Company Spotlight
el paso C0A209DE-4313-4A81-8B00-54550DEAC9E8_Barclays_Fixed_Income_032509
el paso C0A209DE-4313-4A81-8B00-54550DEAC9E8_Barclays_Fixed_Income_032509
finance49
AES 4Q 06
AES 4Q 06
finance19
IAB Internet Advertising Revenue Report
IAB Internet Advertising Revenue Report
Rafal
2Q09 Presentation
2Q09 Presentation
Paraná Banco
AES 050806
AES 050806
finance19
Julho-2008 Theodore M. Helms, Marcos Vinicius Guimarães - Petrobras at a gla...
Julho-2008 Theodore M. Helms, Marcos Vinicius Guimarães - Petrobras at a gla...
Petrobras
Iab Pwc 2008 6m
Iab Pwc 2008 6m
Social Media Automotive Marketing
IAB Internet Advertising Revenue Report
IAB Internet Advertising Revenue Report
tony anderson
IAB Pw C 2008
IAB Pw C 2008
Columbia
Cleantech 3.0: Urbanization and Supply Chains Ontario and Masdar as Transfo...
Cleantech 3.0: Urbanization and Supply Chains Ontario and Masdar as Transfo...
MaRS Discovery District
Joe Tucci
Joe Tucci
guestb8e086
progress energy 09/24/08
progress energy 09/24/08
finance25
Second Quarter 2012, Global TPI Index
Second Quarter 2012, Global TPI Index
Information Services Group (ISG)
Q1 2009 Earning Report of Century Aluminum Co.
Q1 2009 Earning Report of Century Aluminum Co.
earningreport earningreport
Más contenido relacionado
La actualidad más candente
GE-2009 Annual Meeting of Shareowners
GE-2009 Annual Meeting of Shareowners
Manya Mohan
PEG_MorganStanley
PEG_MorganStanley
finance20
fpl group library.corporate-library. corporate-
fpl group library.corporate-library. corporate-
finance17
Aegean marine petroleum q4 2012 results presentation
Aegean marine petroleum q4 2012 results presentation
TradeWindsnews
el paso 2E961AE6-D8CD-4328-9657-89A97FED03C0_Howard_Weil_032409
el paso 2E961AE6-D8CD-4328-9657-89A97FED03C0_Howard_Weil_032409
finance49
Uintah Basin Energy and Transportation Study
Uintah Basin Energy and Transportation Study
Utah Department of Transportation
AES 3Q 08 Review
AES 3Q 08 Review
finance19
Bonterra Energy Corporate Presentation
Bonterra Energy Corporate Presentation
Company Spotlight
el paso C0A209DE-4313-4A81-8B00-54550DEAC9E8_Barclays_Fixed_Income_032509
el paso C0A209DE-4313-4A81-8B00-54550DEAC9E8_Barclays_Fixed_Income_032509
finance49
AES 4Q 06
AES 4Q 06
finance19
IAB Internet Advertising Revenue Report
IAB Internet Advertising Revenue Report
Rafal
2Q09 Presentation
2Q09 Presentation
Paraná Banco
AES 050806
AES 050806
finance19
Julho-2008 Theodore M. Helms, Marcos Vinicius Guimarães - Petrobras at a gla...
Julho-2008 Theodore M. Helms, Marcos Vinicius Guimarães - Petrobras at a gla...
Petrobras
La actualidad más candente
(14)
GE-2009 Annual Meeting of Shareowners
GE-2009 Annual Meeting of Shareowners
PEG_MorganStanley
PEG_MorganStanley
fpl group library.corporate-library. corporate-
fpl group library.corporate-library. corporate-
Aegean marine petroleum q4 2012 results presentation
Aegean marine petroleum q4 2012 results presentation
el paso 2E961AE6-D8CD-4328-9657-89A97FED03C0_Howard_Weil_032409
el paso 2E961AE6-D8CD-4328-9657-89A97FED03C0_Howard_Weil_032409
Uintah Basin Energy and Transportation Study
Uintah Basin Energy and Transportation Study
AES 3Q 08 Review
AES 3Q 08 Review
Bonterra Energy Corporate Presentation
Bonterra Energy Corporate Presentation
el paso C0A209DE-4313-4A81-8B00-54550DEAC9E8_Barclays_Fixed_Income_032509
el paso C0A209DE-4313-4A81-8B00-54550DEAC9E8_Barclays_Fixed_Income_032509
AES 4Q 06
AES 4Q 06
IAB Internet Advertising Revenue Report
IAB Internet Advertising Revenue Report
2Q09 Presentation
2Q09 Presentation
AES 050806
AES 050806
Julho-2008 Theodore M. Helms, Marcos Vinicius Guimarães - Petrobras at a gla...
Julho-2008 Theodore M. Helms, Marcos Vinicius Guimarães - Petrobras at a gla...
Similar a Clean Energy Investment Trends By Michael Liebreich Of New Energy Finance June 2008
Iab Pwc 2008 6m
Iab Pwc 2008 6m
Social Media Automotive Marketing
IAB Internet Advertising Revenue Report
IAB Internet Advertising Revenue Report
tony anderson
IAB Pw C 2008
IAB Pw C 2008
Columbia
Cleantech 3.0: Urbanization and Supply Chains Ontario and Masdar as Transfo...
Cleantech 3.0: Urbanization and Supply Chains Ontario and Masdar as Transfo...
MaRS Discovery District
Joe Tucci
Joe Tucci
guestb8e086
progress energy 09/24/08
progress energy 09/24/08
finance25
Second Quarter 2012, Global TPI Index
Second Quarter 2012, Global TPI Index
Information Services Group (ISG)
Q1 2009 Earning Report of Century Aluminum Co.
Q1 2009 Earning Report of Century Aluminum Co.
earningreport earningreport
xcel energy 7258B9DD-EF98-40EE-97CF-0BFED2089B2B_0309_NEW4Texas-KCRoadshow
xcel energy 7258B9DD-EF98-40EE-97CF-0BFED2089B2B_0309_NEW4Texas-KCRoadshow
finance26
xcel energy 7258B9DD-EF98-40EE-97CF-0BFED2089B2B_0309_NEW4Texas-KCRoadshow
xcel energy 7258B9DD-EF98-40EE-97CF-0BFED2089B2B_0309_NEW4Texas-KCRoadshow
finance26
P7_Sonntag-O'brien
P7_Sonntag-O'brien
ICLEI_ITC
ameren lehman_sept_2008
ameren lehman_sept_2008
finance30
1st Quarter 2012, Global TPI Index
1st Quarter 2012, Global TPI Index
Information Services Group (ISG)
xcel energy 09/30/08_Texas
xcel energy 09/30/08_Texas
finance26
09/30/08_Texas
09/30/08_Texas
finance26
xcel energy AGA_May_2008
xcel energy AGA_May_2008
finance26
xcel energy AGA_May_2008
xcel energy AGA_May_2008
finance26
newmont mining may_ML_Global_Metals_Mining_Steel_final
newmont mining may_ML_Global_Metals_Mining_Steel_final
finance37
xcel energy AGA_Meeting_10-2-08
xcel energy AGA_Meeting_10-2-08
finance26
xcel energy AGA_Meeting_10-2-08
xcel energy AGA_Meeting_10-2-08
finance26
Similar a Clean Energy Investment Trends By Michael Liebreich Of New Energy Finance June 2008
(20)
Iab Pwc 2008 6m
Iab Pwc 2008 6m
IAB Internet Advertising Revenue Report
IAB Internet Advertising Revenue Report
IAB Pw C 2008
IAB Pw C 2008
Cleantech 3.0: Urbanization and Supply Chains Ontario and Masdar as Transfo...
Cleantech 3.0: Urbanization and Supply Chains Ontario and Masdar as Transfo...
Joe Tucci
Joe Tucci
progress energy 09/24/08
progress energy 09/24/08
Second Quarter 2012, Global TPI Index
Second Quarter 2012, Global TPI Index
Q1 2009 Earning Report of Century Aluminum Co.
Q1 2009 Earning Report of Century Aluminum Co.
xcel energy 7258B9DD-EF98-40EE-97CF-0BFED2089B2B_0309_NEW4Texas-KCRoadshow
xcel energy 7258B9DD-EF98-40EE-97CF-0BFED2089B2B_0309_NEW4Texas-KCRoadshow
xcel energy 7258B9DD-EF98-40EE-97CF-0BFED2089B2B_0309_NEW4Texas-KCRoadshow
xcel energy 7258B9DD-EF98-40EE-97CF-0BFED2089B2B_0309_NEW4Texas-KCRoadshow
P7_Sonntag-O'brien
P7_Sonntag-O'brien
ameren lehman_sept_2008
ameren lehman_sept_2008
1st Quarter 2012, Global TPI Index
1st Quarter 2012, Global TPI Index
xcel energy 09/30/08_Texas
xcel energy 09/30/08_Texas
09/30/08_Texas
09/30/08_Texas
xcel energy AGA_May_2008
xcel energy AGA_May_2008
xcel energy AGA_May_2008
xcel energy AGA_May_2008
newmont mining may_ML_Global_Metals_Mining_Steel_final
newmont mining may_ML_Global_Metals_Mining_Steel_final
xcel energy AGA_Meeting_10-2-08
xcel energy AGA_Meeting_10-2-08
xcel energy AGA_Meeting_10-2-08
xcel energy AGA_Meeting_10-2-08
Clean Energy Investment Trends By Michael Liebreich Of New Energy Finance June 2008
1.
Clean Energy Investment
Trends REFF Wall Street Market Drivers Michael Liebreich Chairman & CEO new energy finance New York, 19th June 2008
2.
Total Global New
Investment in Clean Energy 2004 2007 $148.4bn 1% of global fixed 60% asset investment Growth Clean energy 58% Growth asset finance is 76% $92.6bn 9.6% of global Growth energy $58.7bn infrastructure spend $33.4bn 2.5 times the size of commercial aircraft 2004 2005 2006 2007 investment sector Adjusted for reinvestment. Geared re-investment assumes a 1 year Source: New Energy Finance, IMF WEO Database, IEA WEO lag between VC/PE/Public Markets funds raised and re-investment in 2007, Boeing 2006 Annual Report projects. Grossed up value based on disclosed deals © new energy finance, 2008 2
3.
NEX vs. AMEX
Oil, NASDAQ and S&P 500 2003 - 2007 500 NEX AMEX Oil NASDAQ S&P 500 450 400 350 300 250 200 150 100 50 0 30 Dec 02 30 Dec 03 30 Dec 04 30 Dec 05 30 Dec 06 30 Dec 07 Index Values as of 09 June 2008 Source: New Energy Finance, Bloomberg © new energy finance, 2008
4.
NEX vs. AMEX
Oil, NASDAQ and S&P 500 crunch! Credit 500 NEX AMEX Oil NASDAQ S&P 500 450 400 350 300 250 200 150 100 50 0 30 Dec 02 30 Dec 03 30 Dec 04 30 Dec 05 30 Dec 06 30 Dec 07 Index Values as of 09 June 2008 Source: New Energy Finance, Bloomberg © new energy finance, 2008
5.
Total public markets
transactions, Q1 2004 Q1 2008 $12.8bn Secondary IPO $5.4bn $5.3bn$5.2bn $4.3bn $3.9bn $3.7bn $2.0bn$1.9bn Convertible & Other $1.5bn $1.4bn $1.2bn $1.0bn $0.9bn $0.2bn $0.4bn $0.1bn $0.1bn Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 '04 '04 '04 '04 '05 '05 '05 '05 '06 '06 '06 '06 '07 '07 '07 '07 '08 '08 Main markets only. OTC markets include with VCPE figure Source: New Energy Finance © new energy finance, 2008
6.
Total asset financing
transactions Q1 2004 Q1 2008 $37.1bn $30.5bn $27.8bn Acquisition $24.7bn $24.9bn $19.1bn $16.5bn Refinancing $15.3bn $15.8bn $14.3bn $13.4bn $9.0bn$9.1bn $7.8bn New build $5.8bn $4.4bn $3.3bn$3.8bn Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 '04 '04 '04 '04 '05 '05 '05 '05 '06 '06 '06 '06 '07 '07 '07 '07 '08 '08 Grossed up values based on disclosed deals. Source: New Energy Finance © new energy finance, 2008
7.
Venture capital and
private equity for companies, Q1 2004 Q1 2008 $4.7bn $3.7bn $3.5bn $3.5bn PIPE/OTC $3.4bn $2.9bn PE Buy-out $2.5bn $2.5bn $2.1bn $1.9bn PE Expansion Capital $1.6bn $1.5bn $1.4bn $1.2bn $1.2bn VC Late Stage $0.6bn $0.4bn VC Early Stage $0.2bn Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 '04 '04 '04 '04 '05 '05 '05 '05 '06 '06 '06 '06 '07 '07 '07 '07 '08 '08 Grossed up values based on disclosed deals. Source: New Energy Finance © new energy finance, 2008
8.
NEX vs. AMEX
Oil, NASDAQ and S&P 500 crunch! Credit 500 NEX AMEX Oil NASDAQ S&P 500 450 400 350 300 250 200 150 100 50 0 30 Dec 02 30 Dec 03 30 Dec 04 30 Dec 05 30 Dec 06 30 Dec 07 Index Values as of 09 June 2008 Source: New Energy Finance, Bloomberg © new energy finance, 2008
9.
Total public markets
transactions, Q1 2004 Q2 2008 INDICATIVE Q2 2008 VALUE $12.8bn Secondary IPO $5.4bn $5.3bn$5.2bn $4.3bn $3.9bn $3.7bn $2.0bn$1.9bn Convertible & Other $1.5bn $1.4bn $1.2bn $1.0bn $0.9bn $0.2bn $0.4bn $0.1bn $0.1bn Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 '04 '04 '04 '04 '05 '05 '05 '05 '06 '06 '06 '06 '07 '07 '07 '07 '08 '08 Main markets only. OTC markets include with VCPE figure Source: New Energy Finance © new energy finance, 2008
10.
Venture capital and
private equity for companies, Q1 2004 Q2 2008 INDICATIVE Q2 2008 VALUE $4.7bn $3.7bn $3.5bn $3.5bn PIPE/OTC $3.4bn $2.9bn PE Buy-out $2.5bn $2.5bn $2.1bn $1.9bn PE Expansion Capital $1.6bn $1.5bn $1.4bn $1.2bn $1.2bn VC Late Stage $0.6bn $0.4bn VC Early Stage $0.2bn Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 '04 '04 '04 '04 '05 '05 '05 '05 '06 '06 '06 '06 '07 '07 '07 '07 '08 '08 Grossed up values based on disclosed deals. Source: New Energy Finance © new energy finance, 2008
11.
Total asset financing
transactions Q1 2004 Q2 2008 INDICATIVE Q2 2008 VALUE $37.1bn $30.5bn $27.8bn Acquisition $24.7bn $24.9bn $19.1bn $16.5bn Refinancing $15.3bn $15.8bn $14.3bn $13.4bn $9.0bn$9.1bn $7.8bn New build $5.8bn $4.4bn $3.3bn$3.8bn Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 '04 '04 '04 '04 '05 '05 '05 '05 '06 '06 '06 '06 '07 '07 '07 '07 '08 '08 Grossed up values based on disclosed deals. Source: New Energy Finance © new energy finance, 2008
12.
Eurozone wind farm
financing rate, Euribor rate and ECB official rate 8% ECB rate Fed rate Euribor US Libor Total rate including spread Total rate including spread 7% 6% 5% 4% 3% 2% 1% Jan 2007 Apr 2007 Jul 2007 Oct 2007 Jan 2008 Apr 2008 Source: New Energy Finance © new energy finance, 2008
13.
US wind farm
financing rate, US Libor and Fed funds rate 8% Fed rate US Libor Total rate including spread 7% 6% 5% 4% 3% 2% 1% Jan 2007 Apr 2007 Jul 2007 Oct 2007 Jan 2008 Apr 2008 Source: New Energy Finance © new energy finance, 2008
14.
Yields on tax
equity in affordable housing and wind projects 2007 - 2008: % 7.00% 6.50% 5.75% 5.00% Affordable Housing tax yields PTC yields Summer 2007 Summer 2008 Anecdotal evidence based on interviews with tax equity investors and wind project developers. Source: New Energy Finance © new energy finance, 2008
15.
USD denominated contracts,
Q4 2002- Q12008: Sample Size and $m/MW 12 1.4 Number 1.3 Price 10 38% rise in prices 1.2 Q4 '06- Q1'08 1.1 8 1.0 6 0.9 0.8 4 0.7 0.6 2 0.5 0 0.4 Q4 003 Q3 004 Q2 005 Q3 006 Q2 004 Q4 005 Q2 007 Q1 002 Q2 003 Q3 003 Q4 004 Q1 004 Q3 005 Q1 005 Q2 006 Q1 006 Q3 007 Q4 007 Q1 007 8 Q4 006 Q1 003 00 _2 _2 _2 _2 _2 _2 _2 _2 _2 _2 _2 _2 _2 _2 _2 _2 _2 _2 _2 _2 _2 _2 Q4 Notes: 10 point rolling average, averaged by quarter of contract signing. Where no data points Source: Companies, New Energy Finance present, previous value from the previous quarter is usd © new energy finance, 2008
16.
Wind turbine supply
lead times April 2001 - March 2008 25 20 15 10 5 0 Sep '02 Mar '03 Oct '03 Apr '04 Nov '04 May '05 Dec '05 Jul '06 Jan '07 Aug '07 Feb '08 Lead times 30pt rolling avg Notes: Trend line reflects 30point rolling average beginning in April 2001. Lead times are based on expected start of delivery, less date of contract signed. Source: New Energy Finance © new energy finance, 2008
17.
Reported US wind
project power prices: $/MWh 7% 40.0 100 Increase $36.0/MWh Number of reporting projects (RH) $33.5/MWh Weighted average price (LH) 90 35.0 80 Electricity price ($/MWh) 70 30.0 60 50 25.0 40 30 20.0 20 10 15.0 0 Average 2003 Average 2007 Q4 Q4 Q4 Q4 Q4 06 03 04 05 07 20 20 20 20 20 Notes: Prices are average of reported quarterly contract prices weighted by volume of Source: Federal Energy Regulatory electricity. Reporting projects exclude projects connected in ERCOT zone. Commission, New Energy Finance Desktop © new energy finance, 2008
18.
NEX vs. Wind
Sector 240 Turbine Manufacturer (6) 220 200 NEX Wind 180 (15) 160 NEX (89) 140 Developer/ Power Generator (7) 120 100 80 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Index Values as of 19 May 2008 Source: New Energy Finance, Bloomberg © new energy finance, 2008
19.
Projected solar silicon
production by tier, 2006- 2011 ktonnes 147 118 80 Silicon Tier 3 49 Silicon Tier 2 27 19 Silicon Tier 1 2006 2007 2008 2009 2010 2011 Methodology explained in Research Note, “The cell maker’s dilemma: When will the silicon shortage ease?”. Based on data Source: New Energy Finance, and assumptions updated in February 2008. 2008 © new energy finance, 2008
20.
2006 US biofuels
bull run And investment shift to South America $13.1bn $8.7bn $6.9bn $4.2bn $4.0bn M&A/MBO $0.7bn $1.0bn $1.0bn New $0.2bn 2001 2002 2003 $0.04bn 2004 $0.2bn 2005 2006 investment 2007 VC/PE, Public Markets and Asset Finance only. Excludes re-investment adjustment. Source: New Energy Finance Grossed up value based on disclosed deals © new energy finance, 2008
21.
Biofuels contribution to
food price increases, 2004 - 2007 Max price impact of Biofuels Grains 168% + 8.1% Food Oils 136% + 17.0% Sugarcane 63% + 2.7% Input cost $ depreciation Other Supply & Demand Biofuels Base currency: US$ Source: New Energy Finance, USDA © new energy finance, 2008
22.
Grain supply-demand drivers,
2004-2007: m hectares (% change of land use) Added land 20.2 (2.9%) Consumption habits 2.7 (0.4%) Animal feed -2.6 (-0.4%) Yield Increase -3.6 (-0.5%) Urbanisation -4.8 (-0.7%) 100%= 686m Hectares. Total net impact on Australia -6.6 (-1.%) land availability equivalent to -3.9% Biofuels -7.6 (-1.1%) Population -24.1 (-3.5%) Source: New Energy Finance, USDA © new energy finance, 2008
23.
Grain land use
for ethanol production 2007 (k hectares) US EU 27 China 0 0 0 Rice Sorghu 0 0 0 m 0 172 137 Wheat 22 831 Corn 9,017 Source: New Energy Finance, USDA © new energy finance, 2008
24.
New Energy Finance New
Carbon Finance www.newenergyfinance.com www.newcarbonfinance.com Michael Liebreich +44 20 7092 8803 michael.liebreich@newenergyfinance.com Decision support for your clean energy and carbon market investments
Descargar ahora