1 Global Trends in Sustainable Investment 2009 Analysis of trends and issues in the financing of...

1

GlobalTrends in

SustainableInvestment

2009

Analysis of trends andissues in the financing of

renewable energy and

energy efficiency

2

Global New Investment in Sustainable Energy, 2002-2008, $ billions

Global Trends in Sustainable Energy Investment 2009

22 2735

60

93

148155

2002 2003 2004 2005 2006 2007 2008

S/RP, corp RD&D, gov R&D

Financial investment

Growth: 25% 29% 73% 54% 59% 5%

S/RP = small/residential projects. New investment volume adjusts forre-invested equity. Total values include estimates for undisclosed deals

Source: New Energy Finance

3

Global Transactions in Sustainable Energy, 2008, $ billions


S/RP = small/residential projects. Total values include estimates for undisclosed deals. * data based on estimates from various industry sources

22367

15520

97

-342117

810

6

VC CorpRD&D*

Totalinvestment

S/RP*Assetfinance

GovR&D*

Publicmarkets

new equity

M&A/B-O etc.

Total transactions

Re-invested

Total company investment

PE

Technology development

Equipment manufacturing/scale-up

Projects

Asset and company mergers, acquisitions, refinancing, buy-outs etc.


4

Global Financial New Investment Quarterly Trend, Q1 2002 - Q1 2009, $ billions


New investment volume adjusts for re-invested equity. Total values include estimates for undisclosed deals


13

23

32

36

28

40

27

242322

15

19

1111

897

643

43

22

42212

Q1'02

Q2'02

Q3'02

Q4'02

Q1'03

Q2'03

Q3'03

Q4'03

Q1'04

Q2'04

Q3'04

Q4'04

Q1'05

Q2'05

Q3'05

Q4'05

Q1'06

Q2'06

Q3'06

Q4'06

Q1'07

Q2'07

Q3'07

Q4'07

Q1'08

Q2'08

Q3'08

Q4'08

Q1'09

4Q running average

5

Financial New Investment, by Technology, 2008 and growth on 2007, $ billions



Source: New Energy Finance, UNEP SEFI

51.8

33.5

16.9

7.9

3.2

2.2

1.8

1.5

1%

49%

-9%

-25%

-5%

149%

-33%

-37%Other low carbon tech/services

Efficiency

Geothermal

Marine & small-hydro

Biomass & waste-to-energy

Biofuels

Solar

Wind

Growth:

6

VC/PE New Investment, by Stage, 2002-2008,$ billions


Buy-outs are not included as new investment Total values include estimates for undisclosed deals


0.6 1.01.7

3.0

7.4

9.8

13.5

2002 2003 2004 2005 2006 2007 2008

PIPE/OTC

PE expansion capital

VC late stage

VC early stage

Growth: 51% 77% 76% 146% 34% 37%

7

VC/PE New Investment, by Technology, 2008 $ billions


Venture Capital/Private Equity new investment excludes PE buy-outs. Total values include estimates for undisclosed deals


Biomass & w-t-e

Marine & small-hydro, 0.3Geothermal

Other low carbon 1.2

Efficiency, 1.5

Wind, 1.8

Biofuels, 2.0

Solar, 5.5

0.70.5

8

Public Market New Investment, by Technology, 2002-2008,$ billions



11.4

23.4

11.0

4.1

0.70.40.3

2002 2003 2004 2005 2006 2007 2008


Biomass & w-t-e

Geothermal

Efficiency

Other low carbon

Biofuels

Wind

Solar

9

Public Markets New Investment, by Technology, 2008$ billions



Other low carbon, 0.3

Efficiency, 0.3

Geothermal, 0.3

Biomass & w-t-e, 0.2

Marine & small-hydro, 0.0

Biofuels

Wind, 3.2 Solar, 6.4

0.7

10

Asset Financing New Build, by Technology, 2002-2008,$ billions



97

85

50

28

1410

6

2002 2003 2004 2005 2006 2007 2008

Geothermal


Biomass & w-t-e

Biofuels

Solar

Wind

Total values include estimates for undisclosed deals

11

Asset Finance New Build, by Technology, 2008$ billions


Total values include estimates for undisclosed deals Source: New Energy Finance, UNEP SEFI


Geothermal, 1.9

Biomass & w-t-e

Biofuels, 14.9

Solar, 22.1

Wind, 47.9

3.67.4

12

Asset Financing New Build, by Region, 2002-2008,$ billions


Source: New Energy FinanceTotal values include estimates for undisclosed deals

97

85

50

28

1410

6

2002 2003 2004 2005 2006 2007 2008

Middle East & Africa

South America

Asia & Oceania

North America

Europe

13

Financial New Investment by Region, 2002-2008$ billions


Source: New Energy Finance, UNEP SEFINew investment volume adjusts for re-invested equity. Total values include estimates for undisclosed deals

14

Financial New Investment by Region, 2008$ billions



Middle East & Africa, 2.6

South America

Asia & Oceania, 24.2

North America, 30.1

Europe, 49.7

12.3


15

Acquisition Transactions by Type, 2001-2008,$ billions


Source: New Energy FinanceTotal values include estimates for undisclosed deals

6760

40

30

10863

2001 2002 2003 2004 2005 2006 2007 2008

PE buy-outs

Public market investor exits

Corporate M&A

Asset acquisitions & refinancing

16

Renewable power* Generation and Capacity as a proportion of global power, 2002-2008, % share


Source: New Energy Finance, UNEP SEFI* Excluding Large Hydro

8%

10% 10%

19% 19%

25%

5%6% 6%

15%16%

23%

3.9% 4.0% 4.3% 4.5% 5.0% 5.4% 6.2%

2.9% 2.9% 3.1% 3.2% 3.6% 3.9% 4.4%

2002 2003 2004 2005 2006 2007 2008

Renewable power capacityaddition as a % of global powercapacity addition

Renewable power generationincrease as a % of global powergeneration increase

Renewable power as a % ofglobal power capacity

Renewable power as a % ofglobal power generation

17

For more information, contact:

UNEP DTIE

Energy Branch

Energy Finance Unit

Sustainable Energy Finance Initiative

15 rue de Milan

75441 Paris CEDEX 09

France

Tel: +33 1 4437 1450

Fax: +33 1 4437 1474

E-mail: [email protected]

www.sefi.unep.org

www.unep.fr/energy/finance

New Energy Finance Ltd

New Penderel House

283 - 288 High Holborn

London WC1V 7HP

UK

Tel: +44 20 7092 8800

Fax: +44 20 7092 8801

E-mail: [email protected]

www.newenergyfinance.com

mailto:[email protected]

http://www.sefi.unep.org/

http://www.unep.fr/energy/finance

mailto:[email protected]

http://www.newenergyfinance.com/

1 Global Trends in Sustainable Investment 2009 Analysis of trends and issues in the financing of...

Documents

Transcript of 1 Global Trends in Sustainable Investment 2009 Analysis of trends and issues in the financing of...