Deutsche Bank and Masdar Launch Private Equity Fund Dedicated to Clean Technologies and Renewable Energy with a $265 Million First Close
ABU DHABI, United Arab Emirates January 18 2010--Masdar and Deutsche Bank today announced the launch of the DB Masdar Clean Tech Fund and its first closing, raising $265 million. This fund brings together for the first time the deep sector knowledge and scope of the Masdar Initiatives with the global asset management and research capabilities of Deutsche Bank.
“In these challenging economic times, the size of this first close and quality of participants demonstrates a profound confidence in climate change investing and in the joint DBCCA and Masdar investment team”
Co-managed by Masdar Venture Capital1 and DB Climate Change Advisors (DBCCA), the DB Masdar Clean Tech Fund seeks to build a diversified venture capital and private equity portfolio that will include some of the world’s most promising and pioneering clean tech and renewable energy companies. The Fund will invest primarily in expansion and later stage companies in the clean energy (power generation, storage), environmental resources (water, waste management) and energy and material efficiency (advanced materials, building and power grid efficiency, enabling technologies) sectors.
“Completing first close on the DB Masdar Clean Tech Fund is a clear statement of intent,” said Dr. Sultan Ahmed Al Jaber, Masdar’s CEO. “We understand both the financial and social value of companies that are tackling global environmental challenges; we are committed to supporting them by providing capital investment and management expertise.”
“We look forward to this unique fund building a portfolio containing best-in-class companies which will benefit greatly from access to the scope of the Masdar Initiatives and the global reach of Deutsche Bank, the leading global financial institution in this space,” he added.
The Fund has attracted investment from some of world’s leading organisations concerned with climate change issues. The initial investor group is led by Siemens and includes the Japan Bank for International Cooperation, Japan Oil Development Co., Ltd., which is a wholly-owned subsidiary of INPEX CORPORATION, Nippon Oil Corporation, Development Bank of Japan and GE.
“In these challenging economic times, the size of this first close and quality of participants demonstrates a profound confidence in climate change investing and in the joint DBCCA and Masdar investment team,” said Kevin Parker, Global Head of Deutsche Asset Management (DeAM) and member of Deutsche Bank’s Group Executive Committee.
“Siemens is very happy to be the lead investor in the DB Masdar Clean Tech Fund,” said Joachim Kundt, CEO of Siemens in the Lower Gulf region. “Our active involvement for the second time in a fund associated with Masdar demonstrates our ongoing commitment to clean technology, and we look forward to continuing our work with the Masdar Initiative and building on our already strong relationship with Deutsche Bank.”
The joint DBCCA and Masdar investment team is based in Abu Dhabi, New York and London and combines a wide range of experience in clean tech and private equity investing within the renewable energy industry.
The Fund’s co-managers are actively identifying and evaluating potential investment opportunities globally and expect to complete a number of investments over the next year. In addition to the considerable financial resources of the Fund, portfolio companies will benefit from the added value that comes through association with the Fund’s influential sponsors, co-managers and investors.
Source: ME NewsWire
Notes for Editors: about Masdar Venture Capital, DB Climate Change Advisors, Deutsche Asset Management, Masdar, and Deutsche Bank visit the below link:
http://www.me-newswire.com/news/1271
1 Acting through Masdar Fund Investments Limited
Contacts MasdarUAE:Fares Ghneim, +971(2)653-6000orDeutsche BankUAE:Dana Buderi, +971(4)428-3860US:Mayura Hooper, +1 212-250-5536
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Showing posts with label cleantech stocks. Show all posts
Showing posts with label cleantech stocks. Show all posts
Monday, January 18, 2010
Sunday, January 10, 2010
$2.3 Billion in New Clean Energy Manufacturing Tax Credits
$2.3 Billion in New $2.3 Billion in New Clean Energy Manufacturing Tax Credits
January 8, 2010
http://www.energy.gov/
President Obama announced awardees of the clean energy manufacturing tax credit in the American Recovery and Reinvestment Act.
In order to foster investment and job creation in clean energy manufacturing, the American Recovery and Reinvestment Act included a tax credit for investments in manufacturing facilities for clean energy technologies. The Section 48C program will provide a 30 percent tax credit for investments in 183 manufacturing facilities for clean energy products across 43 states.
This tax credit program will help build a robust high technology, US manufacturing capacity to supply clean energy projects with US made parts and equipment. These manufacturing facilities should also support significant growth in US exports of US manufactured clean energy products.
The $2.3 billion in tax credits is being allocated on a competitive basis. Projects are assessed based on the following criteria,: commercial viability, domestic job creation, technological innovation, speed to project completion, and potential for reducing air pollution and greenhouse gas emissions. The Department of Energy also considered additional factors including diversity of geography, technology and project size, and regional economic development.
The program is currently capped at $2.3 billion in tax credits and was oversubscribed by a ratio of more than 3 to 1, reflecting a deep pipeline of high quality clean energy manufacturing opportunities in the U.S. These tax credits for clean energy manufacturing will help rebuild domestic manufacturing and bring private capital off the sidelines.
With this announcement, IRS has certified applications (MS Excel), and notified the certified projects with the approved amount of their tax credit. Awardees will receive acceptance agreements from the IRS by April 16, 2010. Credits will be allocated until the program funding ($2.3 billion) is exhausted. Subsequent allocation periods will depend on remaining funds.
Estimated Jobs Impact and Timeline of the 48C Manufacturing Tax Credits:Recovery Act investments of up to $2.3 billion for advanced energy manufacturing facilities will generate more than 17,000 jobs. This investment will be matched by as much as $5.4 billion in private sector funding likely supporting up to 41,000 additional jobs.
Timing of Projects: The statute authorizing the 48C tax credits allows projects that are completed on or after February 17, 2009, when the Recovery Act was signed. Projects must be commissioned before February 17, 2013. The statute favors the selection of projects that are in service early. As a result, some of the selected projects already have been completed and begun operation.
Applicant Pool:The application deadline for the 48C program was October 16, 2009. Over 500 applications were received with tax credit requests totaling over $8 billion. The 48C applications pool was distributed across many clean energy technologies and was geographically distributed to more than 40 states.
Qualifying manufacturing facilities included the production of a wide range of clean energy products:
Solar, wind, geothermal, or other renewable energy equipment
Electric grids and storage for renewables
Fuel cells and microturbines
Energy storage systems for electric or hybrid vehicles
Carbon dioxide capture and sequestration equipment
Equipment for refining or blending renewable fuels
Equipment for energy conservation, including lighting and smart grid technologies
Plug-in electric vehicles or their components, such as electric motors, generators, and power control units
Other advanced energy property designed to reduce greenhouse gas emissions may also be eligible as determined by the Secretary of the Treasury.
The statutorily specified review criteria included:
Greatest domestic job creation (direct and indirect)
Greatest net impact in avoiding or reducing air pollutants or emissions of greenhouse gases; lowest levelized cost of energy
Greatest potential for technological innovation and commercial deployment
Shortest project time from certification to completion
Expanded Support for 48C Tax Credits to Accelerate Manufacturing Job Creation:Because the 48C program generated far more interest than anticipated, DOE and Treasury have a substantial backlog of technically acceptable applications. Instead of turning down worthy applicants who are willing to invest private resources to build and equip factories that manufacture clean energy products in America, the Administration has called on Congress to provide an additional $5 billion to expand the program. Because there is already an existing pipeline of worthy projects and substantial interest in this area, these funds will be deployed quickly to create jobs and support economic activity. In doing so, the Administration will employ new approaches to ensure that we maximize private investment for every dollar we invest.
Media contact(s):(202) 586-4940 ______________________________________________________
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
January 8, 2010
http://www.energy.gov/
President Obama announced awardees of the clean energy manufacturing tax credit in the American Recovery and Reinvestment Act.
In order to foster investment and job creation in clean energy manufacturing, the American Recovery and Reinvestment Act included a tax credit for investments in manufacturing facilities for clean energy technologies. The Section 48C program will provide a 30 percent tax credit for investments in 183 manufacturing facilities for clean energy products across 43 states.
This tax credit program will help build a robust high technology, US manufacturing capacity to supply clean energy projects with US made parts and equipment. These manufacturing facilities should also support significant growth in US exports of US manufactured clean energy products.
The $2.3 billion in tax credits is being allocated on a competitive basis. Projects are assessed based on the following criteria,: commercial viability, domestic job creation, technological innovation, speed to project completion, and potential for reducing air pollution and greenhouse gas emissions. The Department of Energy also considered additional factors including diversity of geography, technology and project size, and regional economic development.
The program is currently capped at $2.3 billion in tax credits and was oversubscribed by a ratio of more than 3 to 1, reflecting a deep pipeline of high quality clean energy manufacturing opportunities in the U.S. These tax credits for clean energy manufacturing will help rebuild domestic manufacturing and bring private capital off the sidelines.
With this announcement, IRS has certified applications (MS Excel), and notified the certified projects with the approved amount of their tax credit. Awardees will receive acceptance agreements from the IRS by April 16, 2010. Credits will be allocated until the program funding ($2.3 billion) is exhausted. Subsequent allocation periods will depend on remaining funds.
Estimated Jobs Impact and Timeline of the 48C Manufacturing Tax Credits:Recovery Act investments of up to $2.3 billion for advanced energy manufacturing facilities will generate more than 17,000 jobs. This investment will be matched by as much as $5.4 billion in private sector funding likely supporting up to 41,000 additional jobs.
Timing of Projects: The statute authorizing the 48C tax credits allows projects that are completed on or after February 17, 2009, when the Recovery Act was signed. Projects must be commissioned before February 17, 2013. The statute favors the selection of projects that are in service early. As a result, some of the selected projects already have been completed and begun operation.
Applicant Pool:The application deadline for the 48C program was October 16, 2009. Over 500 applications were received with tax credit requests totaling over $8 billion. The 48C applications pool was distributed across many clean energy technologies and was geographically distributed to more than 40 states.
Qualifying manufacturing facilities included the production of a wide range of clean energy products:
Solar, wind, geothermal, or other renewable energy equipment
Electric grids and storage for renewables
Fuel cells and microturbines
Energy storage systems for electric or hybrid vehicles
Carbon dioxide capture and sequestration equipment
Equipment for refining or blending renewable fuels
Equipment for energy conservation, including lighting and smart grid technologies
Plug-in electric vehicles or their components, such as electric motors, generators, and power control units
Other advanced energy property designed to reduce greenhouse gas emissions may also be eligible as determined by the Secretary of the Treasury.
The statutorily specified review criteria included:
Greatest domestic job creation (direct and indirect)
Greatest net impact in avoiding or reducing air pollutants or emissions of greenhouse gases; lowest levelized cost of energy
Greatest potential for technological innovation and commercial deployment
Shortest project time from certification to completion
Expanded Support for 48C Tax Credits to Accelerate Manufacturing Job Creation:Because the 48C program generated far more interest than anticipated, DOE and Treasury have a substantial backlog of technically acceptable applications. Instead of turning down worthy applicants who are willing to invest private resources to build and equip factories that manufacture clean energy products in America, the Administration has called on Congress to provide an additional $5 billion to expand the program. Because there is already an existing pipeline of worthy projects and substantial interest in this area, these funds will be deployed quickly to create jobs and support economic activity. In doing so, the Administration will employ new approaches to ensure that we maximize private investment for every dollar we invest.
Media contact(s):(202) 586-4940 ______________________________________________________
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
Wednesday, December 09, 2009
CTSI Matching Cleantech Companies With Utility & Municipal Partners
CTSI Matching Cleantech Companies With Utility & Municipal Partners
Leading organizations support new clean technology identification and partnership program for smart grid, efficiency, distributed generation and more.
AUSTIN, Texas, Dec. 8 -- The Clean Technology & Sustainable Industries Organization (CTSI), a global non-profit trade organization, announced the launch of the Utility Technology Challenge to address a critical roadblock faced by companies in the clean tech space - finding the right test partners.
The goal of the Utility Technology Challenge is to facilitate testing and pilot project partnerships that will enable more rapid growth of clean technology companies, and increase the speed of clean technology adoption by utilities and municipalities - driving more jobs, and securing safer, cleaner, and more reliable energy and water supplies.
Initial sponsors of the program include, The US Department of Energy, Austin Energy, Accenture, City of Anaheim, National Grid, San Diego Gas & Electric (SDG&E), and Lockheed Martin. "Our partners are global leaders in recognizing the importance of helping develop and implement innovative clean technologies," stated Patricia Glaza, CTSI Executive Director. "Their support allows us to address a driving need of our membership - bridging the partner identification gap."
Companies developing energy, water and environmental technology solutions are encouraged to submit into the Utility Technology Challenge program. All solutions that meet program criteria will be made available and marketed to utility and municipal test and adoption partners, including the program sponsors. The program is open to companies across the globe, providing access and visibility to the best technology solutions available.
Utilities and municipalities seeking clean technology solutions are invited to participate in the program as either identified testing partners or program sponsors. Solution categories include: Smart Grid, Building Efficiency/Management, Industrial/Commercial Energy Efficiency, Residential Energy Efficiency, Demand Response, Load Management, Distributed Generation, Centralized Power Generation, Energy Storage, Lighting, IT, Transmission & Distribution, Transportation, Reliability & Service Management, Pollution Monitoring & Reduction, Water, Waste Management & Recycling.
Stan Blazewicz, Global Head of Technology commented on National Grid's membership "We are delighted to be involved with this utility challenge, our industry is facing great challenges as we look to secure and deliver energy supplies in a sustainable, carbon free way. Finding the right technologies and products and developing them to commercialization is a priority area for us. We look forward to working with DOE and our industry peers in identifying new opportunities for our industry.''
The Utility Technology Challenge offers energy-focused solution companies participating in the program the opportunity to gain international recognition and increase their chances of relationship development. The Challenge will result in a showcase being held June 22, 2010 in Anaheim, California as part of the Clean Technology 2010 conference and expo. An Advisory Committee, made up of program partners and technology experts, will review and select the top submitted solutions for presentation at the event, resulting in a list of 'Top 15 Utility Technologies'. All companies, regardless of technology type, will be invited to participate in the Utility & Municipal showcase and exclusive networking reception.
For more information on the program, please visit: www.ct-si.org/services/cleanTest/
About CTSI:
The Clean Technology & Sustainable Industries Organization (CTSI), a 501c6 non-profit industry association, represents the organizations developing, commercializing, and implementing energy, water, and environmental technologies. Clean technologies offer much needed solutions to growing resource security and sustainability concerns and are critical to maintaining economic competitiveness. CTSI brings together global leaders for advocacy, community development, networking, and information sharing to help bring these needed technologies to market more rapidly. Visit www.ct-si.org for more information.
About Clean Technology 2010:
Clean Technology 2010 is in its fourth year of providing business, technical and government leaders the opportunity to identify new technologies, build commercial partnerships, debate policy and regulations, and collaborate in a fast-paced, information packed event. Clean Technology 2010 is part of the annual TechConnect World conference and trade show, which attracts more than 5,000 attendees from around the word. Visit www.cleantech2010.com for more information.
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
Leading organizations support new clean technology identification and partnership program for smart grid, efficiency, distributed generation and more.
AUSTIN, Texas, Dec. 8 -- The Clean Technology & Sustainable Industries Organization (CTSI), a global non-profit trade organization, announced the launch of the Utility Technology Challenge to address a critical roadblock faced by companies in the clean tech space - finding the right test partners.
The goal of the Utility Technology Challenge is to facilitate testing and pilot project partnerships that will enable more rapid growth of clean technology companies, and increase the speed of clean technology adoption by utilities and municipalities - driving more jobs, and securing safer, cleaner, and more reliable energy and water supplies.
Initial sponsors of the program include, The US Department of Energy, Austin Energy, Accenture, City of Anaheim, National Grid, San Diego Gas & Electric (SDG&E), and Lockheed Martin. "Our partners are global leaders in recognizing the importance of helping develop and implement innovative clean technologies," stated Patricia Glaza, CTSI Executive Director. "Their support allows us to address a driving need of our membership - bridging the partner identification gap."
Companies developing energy, water and environmental technology solutions are encouraged to submit into the Utility Technology Challenge program. All solutions that meet program criteria will be made available and marketed to utility and municipal test and adoption partners, including the program sponsors. The program is open to companies across the globe, providing access and visibility to the best technology solutions available.
Utilities and municipalities seeking clean technology solutions are invited to participate in the program as either identified testing partners or program sponsors. Solution categories include: Smart Grid, Building Efficiency/Management, Industrial/Commercial Energy Efficiency, Residential Energy Efficiency, Demand Response, Load Management, Distributed Generation, Centralized Power Generation, Energy Storage, Lighting, IT, Transmission & Distribution, Transportation, Reliability & Service Management, Pollution Monitoring & Reduction, Water, Waste Management & Recycling.
Stan Blazewicz, Global Head of Technology commented on National Grid's membership "We are delighted to be involved with this utility challenge, our industry is facing great challenges as we look to secure and deliver energy supplies in a sustainable, carbon free way. Finding the right technologies and products and developing them to commercialization is a priority area for us. We look forward to working with DOE and our industry peers in identifying new opportunities for our industry.''
The Utility Technology Challenge offers energy-focused solution companies participating in the program the opportunity to gain international recognition and increase their chances of relationship development. The Challenge will result in a showcase being held June 22, 2010 in Anaheim, California as part of the Clean Technology 2010 conference and expo. An Advisory Committee, made up of program partners and technology experts, will review and select the top submitted solutions for presentation at the event, resulting in a list of 'Top 15 Utility Technologies'. All companies, regardless of technology type, will be invited to participate in the Utility & Municipal showcase and exclusive networking reception.
For more information on the program, please visit: www.ct-si.org/services/cleanTest/
About CTSI:
The Clean Technology & Sustainable Industries Organization (CTSI), a 501c6 non-profit industry association, represents the organizations developing, commercializing, and implementing energy, water, and environmental technologies. Clean technologies offer much needed solutions to growing resource security and sustainability concerns and are critical to maintaining economic competitiveness. CTSI brings together global leaders for advocacy, community development, networking, and information sharing to help bring these needed technologies to market more rapidly. Visit www.ct-si.org for more information.
About Clean Technology 2010:
Clean Technology 2010 is in its fourth year of providing business, technical and government leaders the opportunity to identify new technologies, build commercial partnerships, debate policy and regulations, and collaborate in a fast-paced, information packed event. Clean Technology 2010 is part of the annual TechConnect World conference and trade show, which attracts more than 5,000 attendees from around the word. Visit www.cleantech2010.com for more information.
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
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