Venture Capital and Cleantech weekly update

eRecycling Corps., a provider of carrier-grade, incentivized, mobile device trade-in and reuse solutions, announced a $105 million Series C financing. Kleiner Perkins Caufield & Byers (KPCB) leads the group of inside investors who are joined by Silver Lake Kraftwerk, a global leader in technology investing focused on energy and resource innovation. The company intends to use the funds from … [Read more...]

German utility RWE Dramatically Changing Its Business Model

RWE Dramatically Changing Its Business Model, Making Radical Departure From Conventional Utility Approach (via Clean Technica) Much has been written about the potential death of utility companies that don’t adapt to the distributed, clean energy revolution that is underway. They’ve been called dinosaurs, obstructionists, dummies, and much more. Well, it seems that German… … [Read more...]

New analysis shows climate change related finance and investment fell in 2012

A new report from the Climate Policy Initiative shows that global spending to combat climate change fell last year and remains far below the level needed to prevent its most dangerous effects. The Global Landscape of Climate Finance 2013 finds that global climate finance flows have plateaued at $359 billion, $5 billion less than in 2011, far below even the most conservative estimates of investment … [Read more...]

Venture Capital and Cleantech weekly update

Vivint Solar, the second largest U.S. residential solar installer, has $540 million for residential solar financing from two unnamed "major financial institutions." The company secured the funding in addition to $200 million of tax equity financing it raised earlier this year.Vivint Solar designs, installs, monitors and services photovoltaic systems with no upfront out-of-pocket costs to the … [Read more...]

Chinese government action increase interest in Climate Bonds

As interest in Climate (or Green) Bonds continue to grow in the US and Europe, China does not seem to be letting this new investment opportunity pass by. As the Climate Bond Initiative (CBI) recently reported, the government has issued several new rulings impacting the development of climate bonds. China’s State Council recently published a comprehensive plan to maintain a 15% annual growth for … [Read more...]

UK Companies Failing To Factor In Possible Effects Of Climate Change

UK Companies Failing To Factor In Possible Effects Of Climate Change On International Supply Chains, Research Finds (via Clean Technica) The majority of large UK-based companies are failing to factor in the possible effects of climate change with regard to international supply lines, new research from the Carbon Disclosure Project has found. This is in spite of the fact that around 70… … [Read more...]

Venture Capital and Cleantech weekly update

Google (GOOG) announced it will invest $103 million in a 265.7-megawatt solar farm under construction in Calif.  The Mount Signal Solar project is being developed by co-owner Silver Ridge Power (formerly known as AES Solar), a joint venture between AES Corp. and Riverstone Holdings. This is Google's 13th investment in a renewable energy project, with over $1 billion into wind and solar … [Read more...]

Renewable tax policy sees an uncertain future as tax reform efforts muddle on

It was supposed to be a repeat of the ambitious tax reform effort of 1986. A lame duck President, an opposing party in control in the House and a mess of a tax code. That’s what many hoped for when the Senate finance panel’s chairman, Senator Max Baucus (D-MT), announced a push for comprehensive tax reform along with the head of the House Ways and Means Committee, Representative Dave Camp … [Read more...]

$207 Million In Venture Capital For Solar In Third Quarter of 2013

$207 Million In Venture Capital For Solar In Third Quarter of 2013 (via Clean Technica) Venture capital funding for global solar was $207 million in Q3 of 2013, according to a new report published by the Mercom Capital Group, a clean energy communications and consulting firm. This total was an increase of $18 million from the previous…   … [Read more...]

Venture Capital and Cleantech weekly update

Monsanto (MON) has acquired The Climate Corp., a provider of agricultural insurance program based on weather events. The deal is valued at approximately $930 million in cash, although some sources are suggesting that there also is an additional equity component. Climate Corp. was founded in 2006 under the name Weatherbill by a pair of Google engineers who wanted to capitalize on the world’s … [Read more...]