• 5 minutes Iran Says It Arrested 17 CIA Spies, Some Sentenced To Death
  • 9 minutes Will We Ever See 100$+ OIL?
  • 13 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 18 hours Iran Loses $130,000,000 Oil Revenue Every Day They Continue Their Games . . . .Opportunity Lost . . . Will Never Get It Back. . . . . LOL .
  • 1 min Platts says if Iran's 2 mm bbls exports comes back on market oil goes to $40 . . . What about new Permian pipelines 2.47 mm bbls coming ? . . . WHAT IF BOTH IRAN AND PERMIAN TOTAL 4.47 mm added bbls . . . OMG !
  • 3 hours Today President Trump Questioned U.S. Policing the Straits of Hormuz for Rich Asian Countries. Allies Britain and Japan were asked to participate. Said NO. US spends $100 Billion/year Protecting Mideast Shipping Lanes!
  • 10 hours Renewables provided only about 4% of total global energy needs in 2018
  • 4 mins Millions of Barrels of Iranian Oil Are Piled Up in China’s Ports
  • 7 hours So You Think We’re Reducing Fossil Fuel? — Think Again
  • 2 hours N.Y. Governor Signs Climate Bill
  • 7 hours Oil Giant Saudi Arabia Is Set to Start First Wind-Power Plant
  • 1 day Berkeley becomes first U.S. city to ban natural gas in new homes
  • 20 hours U.S. Administration Moves To End Asylum Protections For Central Americans
  • 1 day How is E&P of Marginal Oil on the UKCS Similar to the Shale Oil Operations in the US?
  • 7 hours EIA Reports Are Fraudulent : EIA Is Conspiring With Trump To Keep Oil Prices Low
  • 1 day Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
Alt Text

Clean Energy Is Doomed Without More R&D Spending

Climate change is a growing…

Alt Text

The Real Cost Of Renewables In The U.S.

Replacing legacy fossil-fueled infrastructure will…

Alt Text

Electric Vehicle Sales Are Exploding In Europe

European electric vehicle sales are…

Green energy Reporter

Green energy Reporter

GER is a Newsblog that provides insight on the people, investments and policies affecting the green energy sector.

More Info

Premium Content

Green Energy Sector Weekly Update: Investors Attracted to China

China is the “it” place these days when it comes to everything green. The country is more and more looking like a leader of the global renewable energy sector and less like the emerging contender.

The Chinese market has several obvious advantages for investors: the market is huge and protected and production costs — which U.S. unions claims are kept down by illegal state subsidies — are a fraction of Western countries. But enertech investors are also motivated by the easy access to cash and the willingness of banks and companies to spend and lend. China truly is becoming “The Green Dragon.”

This week, veteran enertech fund VantagePoint Venture Partners closed on a $100 million China-focused cleantech and renewable energy fund. The fund is both sector specific (renewable energy and financial services) and focused on investing in companies based in the city of Tianjin and its surrounding area.

The VantagePoint fund underscores the serious interest that institutional investors have taken in China. You can expect VantagePoint, which holds ambitious car battery company Better Place and solar company BrightSource Energy in its portfolio, to find, finance and support ambitious Chinese green energy startups. That’s a milestone  that confirms China is serious about crafting it’s own cutting edge technology, rather than, as it’s largely doing now, depending on foreign-developed innovations.

Duke Energy also announced plans this week to partner with Chinese companies to jointly develop cleantech and renewable energy projects outside China. Duke CEO James Rogers pointed out with characteristic bluntness that the growing regulatory uncertainty in the U.S. and lack tight lending standards makes China and its cash-rich companies attractive partners these days. “Our focus is really on partnering and going out together as a Chinese-American consortium to develop opportunities outside of China,” he told Bloomberg.

Up North, storm clouds gathered around the Ontario’s popular Green Energy Act, the legislation that has helped attract billions of dollars supporting renewable energy projects. The Green Energy Act is unfair,  say competitors, including Japan, which this week took preliminary steps to filling a formal complaint with the Geneva-based World Trade Organization (WTO).

At issue, according to Japan’s government, is the Green Energy Act’s Domestic Content Requirement (DCR), which unfairly favors local firms. The DCR is THE essential provision of this trend-setting legislation. It acts as Ontario’s return on investment against the subsidies it is providing to encourage foreign companies to set up shop in the province. So, don’t expect Ontario or Canada’s federal government to give in on this key provision. Already Ottowa has maintained that the Green Energy Act meets all WTO requirements. However, of all the provisions in the Green Energy Act, the DCR, from an investor standpoint, is the least popular and so any loosening of its strictures would probably be welcomed.

VC and PE Watch

SG Biofuels, a bioenergy  company that develops and produces Jatropha seeds, has raised $9.4 million as part of an inaugural  Series A financing led by  Flint Hills Resources and Life Technologies Corporation.

VantagePoint Venture Partners closed on a $100 million China-focused clean tech and renewable energy fund.

Sakti3, the Ann Arbor, Mich.,-based developer of  high performance lithium batteries for the automobile sector, received a $4.2 million investment from General Motors Ventures and Itochu Technology Ventures.

Rambling

Solar power got a boost this week with news that Germany’s Solar Millennium won approval from California regulators to develop a facility that at its peak could generate up to 1,000 megawatts of electricity. That’s impressive! Still, the developer has to clear some hurdles. In these uncertain times it remains to be seen if banks (at least in the U.S.) even have the appetite to finance such massive projects. This isn’t 2006 anymore, when credit was cheap and plentiful.

By. Green Energy Reporter




Download The Free Oilprice App Today

Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play