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Entreprendre et Investir dans les Energies Renouvelables et le - - PowerPoint PPT Presentation
Entreprendre et Investir dans les Energies Renouvelables et le - - PowerPoint PPT Presentation
Entreprendre et Investir dans les Energies Renouvelables et le Dveloppement Durable AGRION, Mai 2008 Titre de la confrence Summary Context Finance and Renewable Energy Financing entrepreneurs in Cleantech Titre de la confrence The
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Titre de la conférence
The Context
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Titre de la conférence
The clean industrial revolution
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Titre de la conférence
The context
Global warming Energy security China/India Limited natural resources Technology readiness New markets for clean energy Environmental pressure Regulatory drivers
INDUSTRY POLITICS PUBLIC OPINION
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Titre de la conférence
An accelerating path
- German Renewable Energy Act is
copied in several EU countries
- Stern publishes his report
- California votes the Million solar
roof bill
- France holds its Grenelle de
l’Environnement
- Al Gore receives the Nobel Prize for
peace
- China will invest 1.35% of its GDP in
environmental protection during 2006-2010.
- Kevin Rudd defeats John Howard in
Australia
- The Bali conference shows the path
for the post-Kyoto area
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Titre de la conférence
Defining Cleantech *
Generation
Solar, biofuels, wind, tidal, geothermal, gasification, thermoelectrics …
Storage
Fuel cells, high capacity batteries, ultracapacitors …
Distribution
Direct coupling systems, pipeline technology, superconducting wire …
ENERGY SUSTAINABILITY
Products
Biopolymers, solid- state lighting, high- efficiency insulation …
Services
Demand response services, environmental management services …
Markets
Emissions trading, energy trading …
AIR
Monitoring, purification, conditioning …
WATER
Monitoring, filtration, desalination, mapping …
WASTE
Soil remediation, waste-to-fuel, gas- exhaust purification … * Source: Lux Research
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Titre de la conférence
Large, growing, and liquid opportunities
- The Stern report: Support for energy R&D should at least double and
support for the development of new low carbon technologies should increse up to five-fold.
- Roland Berger: In Germany, the environmental technolgy field will employ
more people than mechanical engineering or the automotive industry by
- 2020. Germany should reach a turnover of one trillion euros for green
industries by the year 2030.
- The wind industry grew from a $5.5Bn to a $23Bn industry from 2000 to
2006.
- The solar industry grew from 427MW to 1,744 MW from 2002 to 2006.
- The desalination market is expected to grow from $2.5Bn in 2002 to nearly
$30Bn by 2015.
- 4 of the top ten venture-backed IPOs in 2005 around the globe were of
cleantech companies.
- From 2003 to 2006, 45 venture capital backed clean energy companies
based in Europe raised over €2.5Bn from the quoted markets.
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Titre de la conférence
Finance and Renewable Energy
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Titre de la conférence
Global New Investment in Clean Energy
$28.3bn $54.2bn $75.4bn $94.5bn
2004 2005 2006 2007
Grossed-up estimate based on disclosed deals. New investment only. * 2007 estimate based on YTD Sept.
Source: New Energy Finance, November 2007
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Titre de la conférence
Global Asset Financing by Sector
$46,000m* (504) $38,601m (423) $26,009m (438) $11,763m (249) 2004 2005 2006 2007 Wind Biomass & Waste Biofuels Geothermal & Mini-Hydro Marine & Solar
Grossed-up estimate based on disclosed deals. Numbers in brackets refer to total deals. Includes new build & refinancings, excludes project acquisitions. *2007 = annualised YTD
Source: New Energy Finance, November 2007
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Titre de la conférence
Global VC/PE Investment by Sector
$21,138m (197/262) $18,067m (425/513) $10,789m (341/389) $3,489m (194/233) $1,772m (120/150) $1,107m (78/93) $896m (51/74) 2001 2002 2003 2004 2005 2006 2007
Wind Biofuels, Biomass and Waste Solar Fuel Cells and Hydrogen Geothermal, Mini-Hydro and Marine Carbon Markets, Services & Support Efficiency, carbon and power storage, Smart Distribution
Grossed-up estimate based on disclosed deals. Includes PE – Buyouts. *2007 = annualised YTD
Source: New Energy Finance, November 2007
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Titre de la conférence
Financing Entrepreneurs in Cleantech
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Titre de la conférence
Cleantech VC: Global Overview
Source: Cleantech Group, May 2008
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Titre de la conférence
Cleantech growth
Source: Cleantech Group, May 2008
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Titre de la conférence
Investments by secors
Source: Cleantech Group, May 2008
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Titre de la conférence
Opportunities and Challenges
Opportunities
- VC market in place
- Big and new industries
- Proven and successful exits
- Diversified opportunities
- Regulatory incentives
- Many untapped opportunities
- Positive imbalance of VC
funding in Europe
- 3000 start-ups around the world,
1000 in Europe, 100 in France
Challenges
- 800-pound gorilla game
- Long development cycles for
companies
- Subsidized industries
- Risk of speculation
- Capital intensive
investments
- Incomplete management
teams
- VC vs. Project Finance
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Titre de la conférence
Questions to the audience
How will start-ups get their products to market? What is the role of corporations? How will supply chain ecosystem be created to accelerate market creation for cleantech solutions? Will the incumbent players be the leaders of tomorrow? How can entrepreneurs and corporations work together?
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Titre de la conférence
ALLIANZ AGF Private Equity in Cleantech Venture Capital
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Titre de la conférence
ALLIANZ AGF PE: Investor in Cleantech
ALLIANZ AGF PE today
- 2 senior people dedicated to cleantech investments
- Investment Portfolio started
- Strong connections with the ecosystem
- Proprietary network of experts
- Global brand name
- 2008 focus on Solar, Energy Efficiency, Biomass and Carbon
Finance
2003 2004 2002 2008 2007 2006 2005 2010 2009
Learning phase Market positioning Active player ALLIANZ AGF PE Key Milestones
Assessment of the first investment
- pportunities
One of the few VCs to participate to the first Cleantech Forum in Europe More than 100 investment
- pportunities
evaluated Join the Cleantech Network First investments
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