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Knowledge and Information on Finance
Clean Green Japan
ICSSA
Nov 23-24 2009, Bangkok
Eduardo Fukui
Global New Investment in Sustainable Energy, 2002-2008
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
Global Transactions in Sustainable Energy, 2008Global Trends in Sustainable Energy Investment 2009
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.
Source: New Energy Finance
Global Financial New Investment Quarterly Trend, Q1 2002 - Q1 2009
Global Trends in Sustainable Energy Investment 2009
New investment volume adjusts for re-invested equity. Total values include estimates for undisclosed deals
Source: New Energy Finance
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
Financial New Investment, by Technology, 2008 and growth on 2007
Global Trends in Sustainable Energy Investment 2009
New investment volume adjusts for re-invested equity. Total values include estimates for undisclosed deals
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:
VC/PE New Investment, by Stage, 2002-2008Global Trends in Sustainable Energy Investment 2009
Buy-outs are not included as new investment Total values include estimates for undisclosed deals
Source: New Energy Finance
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%
VC/PE New Investment, by Technology, 2008 Global Trends in Sustainable Energy Investment 2009
Venture Capital/Private Equity new investment excludes PE buy-outs. Total values include estimates for undisclosed deals
Source: New Energy Finance, UNEP SEFI
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
Public Market New Investment, by Technology, 2002-2008Global Trends in Sustainable Energy Investment 2009
Source: New Energy Finance
11.4
23.4
11.0
4.1
0.70.40.3
2002 2003 2004 2005 2006 2007 2008
Marine & small-hydro
Biomass & w-t-e
Geothermal
Efficiency
Other low carbon
Biofuels
Wind
Solar
Public Markets New Investment, by Technology, 2008Global Trends in Sustainable Energy Investment 2009
Source: New Energy Finance, UNEP SEFI
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
Asset Financing New Build, by Technology, 2002-2008Global Trends in Sustainable Energy Investment 2009
Source: New Energy Finance
97
85
50
28
1410
6
2002 2003 2004 2005 2006 2007 2008
Geothermal
Marine & small-hydro
Biomass & w-t-e
Biofuels
Solar
Wind
Total values include estimates for undisclosed deals
Asset Finance New Build, by Technology, 2008Global Trends in Sustainable Energy Investment 2009
Total values include estimates for undisclosed deals Source: New Energy Finance, UNEP SEFI
Marine & small-hydro
Geothermal, 1.9
Biomass & w-t-e
Biofuels, 14.9
Solar, 22.1
Wind, 47.9
3.67.4
Asset Financing New Build, by Region, 2002-2008Global Trends in Sustainable Energy Investment 2009
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
Financial New Investment by Region, 2002-2008Global Trends in Sustainable Energy Investment 2009
Source: New Energy Finance, UNEP SEFINew investment volume adjusts for re-invested equity. Total values include estimates for undisclosed deals
Financial New Investment by Region, 2008Global Trends in Sustainable Energy Investment 2009
Source: New Energy Finance, UNEP SEFI
Middle East & Africa, 2.6
South America
Asia & Oceania, 24.2
North America, 30.1
Europe, 49.7
12.3
New investment volume adjusts for re-invested equity. Total values include estimates for undisclosed deals
Acquisition Transactions by Type, 2001-2008Global Trends in Sustainable Energy Investment 2009
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
Investment figures
Cleantech Group LLC
17
Investment figures
Cleantech Group LLC
18
Definition?
One example- Japanese statisticsJapan society of industrial machinery manufactures Reports semi- annual figures on sales of “Environmental Equipment”
Which include, ●Air Pollution Control Equipment ●Water Pollution Control Equipment ●Waste Treatment ＆ Recycling Equipment ●Noise ＆ Vibration Control Equipment ●Clean Room
●Soil ＆ Groundwater Redemption Equipment
…This does not reflect recent development of Clean Energy business and Green Businesses.
Clean Green Japan
Cleantech Group LLC
Mapping Clean & Green Business in Asia
Clean Green Japan
20
In search of… Profitable Business !
Clean Green Japan
21
Market map
The China Greentech Report 2009
22
Market growth- China
The China Greentech Report 2009
23
Market growth- China
The China Greentech Report 2009
24
Wind
Clean Green Japan
Strictly confidential 25
Wind
Clean Green Japan
Strictly confidential 26
Wind
Clean Green Japan
Strictly confidential 27
Key drivers of business
* Technology/ Innovation
* Consumer awareness/ Market demand
* Policy
Clean Green Japan
Policy Support – Case on China
Clean Green Japan
29
China in the News
*The low carbon road map
12th five-year Plan, draft revealed on Nov.12th
at CCICED
* Task force under - China Council for International Co-operation on Environmental
Development led by Li Keqiang, vice-premier. - Scenario Analysis by Chinese Energy Research Institute a) 13bn tonnes b) 9bn tonnes c) 5bn tonnes in 2050
* Decoupling key
Clean Green Japan
30
China- US
Clean Green Japan
Xinhua news
Chinese Vice Premier Li Keqiang said here Tuesday that he hoped China and the United States would strengthen dialogue on policies and seek a more effective cooperative mechanism to promote clean energy development
Both Li and Liu attended the Sino-U.S. clean energy cooperation signing ceremony after the meetings. On the ceremony, the two nations signed memorandum of understandings aiming to promote cooperation in clean energy development.
China- Japan Hatoyama visit to China
The forum, first initiated in 2006, was attended by about 1000 representatives from the political, business and academic circles of the two countries this time. China and Japan signed 42 cooperation agreements on energy-saving and environmental protection projects at the forum.
Clean Green Japan
Chinese Vice Premier Li Keqiang addresses the fourth China-Japan energy conservation forum in Beijing, capital of China, Nov. 8, 2009.
Xinhua news
Clean & Green Business Alliances - International efforts -
Clean Green Japan
33
34
35
36
Energy Efficiency
JBASE-W
58 Japanese MNCs
19 Industry Asscoations
11 Govermnetal and Inter G organizaton
Strictly confidential 37
Water
38
39
40
Clean Green Japan
Private companies need help
…in taking businesses over seas
1) Experience in International Aid
Ties with local and central government
Legislation, business customs and other political issues
2) Global network of researchers
Global commons
Setting agenda
Can be provided from Academia/ Government sector
41
t +813- 3243- 0873f +813- 3243- 0875
○#242, 2-2-1Otemachi, Chiyoda-ku Tokyo, postal code 100- 0004
15/F 1-3-1 Marunouchi, Chiyoda-ku Tokyo, postal code 100- 0005
Clean Green Japan
