More efficient technology combined with low costs and good wind resources are making wind cost-competitive with some of the cheapest forms of fossil energy in the Midwest. “In the Midwest, we’re now seeing power agreements being signed with wind farms at as low as $25 per megawatt hour,” said Stephen Byrd, Morgan Stanley’s Head of… Keep reading →
Energy News Roundup: Four Traders Claim to Have Proof that BP, Statoil, Shell & Morgan Stanley Manipulated Oil PricesBy Conway Irwin
Four oil traders are claiming in a lawsuit that they can prove that BP, Statoil and Shell conspired with Morgan Stanley and trading firms such as Vitol to manipulate Brent crude prices. The traders say that the three oil companies placed orders to move markets, rather than buy crude. “Platts’ methodology ‘can be easily gamed… Keep reading →
Funding at least 30 cleantech deals and deploying more than $500 million in summer 2013 In case you were unplugged for a while this summer, here are the companies that took in cash from the greentech VC community in the last few months. If we missed any VC funding event since June, let us know… Keep reading →
The decade long reformation of energy trading now looks to be only the opening act of a transformation that Dodd Frank regulation and a newly aggressive – and costly – approach by federal regulators is set to propel into its next stage. Deregulation of energy markets, only partially finished by federal regulators before the collapse… Keep reading →
One of the most frightening scenes from the financial crisis unfolded in the staid environs of the Commodity Futures Trading Commission’s Washington offices, where the regulators charged with monitoring derivatives trade gathered together the heads of commodity trading from recently shamed Wall Street giants like Goldman Sachs and Morgan Stanley. The CFTC was a comparatively… Keep reading →
Poor performance for cleantech stocks this year may continue in 2013 despite some silver linings during 2012, a leading analyst and a panel of VCs recently warned.
Kevin Genieser, Managing Director and Global Head of Clean Technology Banking at Morgan Stanley, said that cleantech equities had underperformed this year despite a bright start to 2012 with three IPOs in the sector. Keep reading →
The major investment banks remain heavily engaged in the energy markets, hedging fuel prices and even producing energy for their own or their clients’ benefit. But Brad Hintz, a Sanford C. Bernstein & Co. research analyst who tracks the investment banking and securities industries, told Breaking Energy that the big banks are also positioning themselves for potential regulatory changes which will force the launch of a national carbon-trading market.
“Goldman Sachs, JP Morgan, Morgan Stanley, and Barclays are all major energy traders,” Hintz observed. “They are the banking giants in that space, and they – along with the commodities exchanges – provide the risk management services needed to balance demand and supply in the global energy markets.” Keep reading →
Global investment in sustainable and cleantech businesses has softened during the last couple of years, and there are multiple reasons for the trend. In the US, an investment banker says, one of the key reasons is that government subsidies are scaring away capital. But the banker has detected a growth area that could become a significant driver for clean-tech and sustainability deals.
Most of the major investment banks don’t have stand-alone sustainability practices. But there’s a fair number of middle-market banking firms focused on clean tech and sustainability. Keep reading →
No-one could accuse AMEE of having modest goals.
Since 2007, the East London-based clean-technology company has been accumulating energy and environmental information from governments, companies and non-governmental organizations around the world with the goal of becoming the leading global source of data that can be used to calculate corporate carbon footprints or supply-chain energy consumption. Keep reading →
It is the best of times for renewable energy project developers and it is the worst of times for renewable energy project developers, and the difference lies in a single contract.
The existence of a signed power purchase agreement (PPA) between the developer of a renewable energy generation project and an established utility marks the divide between a premium-valuation market for renewable assets and a deeply discounted valuation in an overcrowded market. Keep reading →