The World Bank Group's financing for renewable and efficient energy projects increased 24% in the last fiscal year. Reaching $3.3 billion, the bank's clean technology investments have reached their highest level ever.

At the Bonn International Renewable Energies Conference in 2004, the World Bank committed to increase its contribution to cleantech investments by $1.9 billion through 2009. Not only did last fiscal year's result more than double the five-year commitment, the World Bank's support surged by $7 billion.

Continue reading World Bank green energy spending tops $3 billion

World Bank green energy spending tops $3 billion originally appeared on BloggingStocks on Tue, 15 Sep 2009 13:20:00 EST. Please see our terms for use of feeds.

Investments in clean energy projects and companies reached $155 billion last year, surpassing fossil fuel investments. According to a United Nations report, $13.5 billion in new private investment was directed to companies that are developing new technologies, with almost half that (according to Private Equity Intelligence, Ltd.) coming from clean technology-focused private equity funds.

Clean energy sources account for the majority of energy investments last year, with $105 billion spent on developing 40GW of wind, solar, small hydro, biomass and geothermal energy generation capabilities. Large hydro (25GW) accounted for another $35 billion in investments.

Totaling $140 billion, this accounts for 56% of investments in power last year. The aggregate 65GW, however, represents only 41% of new capacity developed in 2008. Renewable energy dominated the clean technology space, 75% of the total at $117 billion.

Investments in clean energy technology grew 5% from 2007 to 2008, leading to a second consecutive record-setting year. Emerging markets made the difference last year - particularly China and Brazil. China has become the second largest wind market in the worlds (as measured by new capacity) and the world's top photovoltaic manufacturer.

Geothermal appears to be on the horizon for several countries, including Australia and Kenya. Nonetheless, the ongoing financial crisis has put the squeeze on the clean energy space. U.S. investments fell 2%, and growth slowed considerably in Europe.

$155 billion in clean energy overtakes fossil fuel investments originally appeared on BloggingStocks on Fri, 05 Jun 2009 12:50:00 EST. Please see our terms for use of feeds.

Brendan Coffey is a specialist on "green" investing; in his The Cabot Green Investor, he looks to alternative energy firm American Superconductor (NASDAQ: AMSC).

Here's his review of the company, which is a player both in wind power and energy efficient wiring that can play a role in improved power grid systems.

"Long an R&D company, focusing on highly conductive wiring, American Superconductor made a game-changing purchase of an Austrian wind company, Windtec, in early 2007.

Continue reading American Superconductor (AMSC): Green gains in wind and wires

American Superconductor (AMSC): Green gains in wind and wires originally appeared on BloggingStocks on Wed, 20 May 2009 12:00:00 EST. Please see our terms for use of feeds.

Josh Wolfe is best known for his industry-leading expertise in nanotechnology and likewise his focus is often on small, emerging growth companies.

But ironically, one of his core 'buys' is a company that ranks among the biggest of the big: General Electric (NYSE: GE). In his Forbes/Wolfe Emerging Tech Report, he looks at GE and its leading role in "green" technology.

"General Electric disappointed investors when its quarterly earnings recently fell for the first time in 5 years. Profits fell 5.8% to $4.3 billion and revenues rose 8% to $42.2 billion, short of the expected $44 billion.

"Moreover, GE reduced its 2008 annual earnings forecast, citing seizure of credit markets for struggling operations in its consumer and commercial finance divisions.

"'Green' has become transparent at GE. The missing ingredient to BP's green appeal, it seems, was some element of independent accountability. In 2005, when General Electric CEO Jeffery Immelt launched GE's own brand of green initiative, ecomagination, he hired New York consultant firm GreenOrder to keep score.

Continue reading Ecomagination: Going green with General Electric (GE)

Ecomagination: Going green with General Electric (GE) originally appeared on BloggingStocks on Tue, 20 May 2008 11:48:00 EST. Please see our terms for use of feeds.

The Wall Street Journal (subscription required) reports that former Microsoft executive Martin Tobias as chairman and CEO of Imperium Renewables Inc. of Seattle, is leading a strong and seemingly effective push forward into the realm of renewable fuels. Imperium Renewables has just announced that it has closed a $113 million equity financing deal accompanied by a $101 million line of credit. Already, venture capital investment in the alternative energies or "clean tech" sector have nearly crested $3 billion dollars annually. Surely clean tech is a force to reckoned with.

Cleantech Venture Network, a green industries group, estimates that roughly $8 billion has already been invested in alternative energy venture projects, and it claims that absent of deeply deflated petroleum prices the current level of investment should continue.

"The biggest thing is, investors realize they can make money at it and do good at the same time," said Craig Cuddeback, chief operating officer of the Cleantech Group, which runs the venture network.

Investing in alternative energies is timely and becoming more efficient as industry leaders are beginning to organize into more powerful and leveraged groups. There will surly be a winnowing of the wheat from the fields as the questionable performers are weeded out.

As of right now I would recommend seeking out funds in this new growth sector which have broad coverage over a range of technological promise. In my opinion it's still too early to drop big chunks of cash on individual companies doing alternative energy exploration, but it's definitely an area you need to look into. Most investors are still wary of hard-core green investment, remembering the great dot com crash but if you have the nerve and you've been watching the players Cleantech may offer some great ways to catch the wave.

Former Microsoft executive boosts biodiesel originally appeared on BloggingStocks on Wed, 21 Feb 2007 14:54:00 EST. Please see our terms for use of feeds.

Some may argue that investing is only about making money and scoff at the idea of socially-responsible investing. Others have a primary focus on how their money is used and will invest only in companies that comply with their personal ethics.

The best of both worlds is the chance to invest in companies that support one's ethical or personal beliefs but also happen to be strong investment vehicles; that is, offering the chance to earn good returns while feeling good about doing so.

One potential trend that falls in this category, according to Larry Edelson, editor of The Real Wealth Report, is the developing move towards "green funds" in the natural resource sector that focus on companies that are addressing environmental issues. He says, "I want you to get on board the early stages of this trend. I expect 'green funds' to outperform other funds in the months and years ahead."

Continue reading Environmental investing: 'Green' funds can offer good returns

Environmental investing: 'Green' funds can offer good returns originally appeared on BloggingStocks on Mon, 30 Oct 2006 10:05:00 EST. Please see our terms for use of feeds.