quotedcleantech

Confidence is returning to the renewables M&A market, according to PricewaterhouseCoopers.

Happy New Year and welcome to the first issue of Quoted Cleantech in 2011. As the performance of cleantech indices shows, 2010 proved a poor year generally for cleantech investors, so we are all looking for a better performance in 2011.

My own view is that further crises in the eurozone will ensure that the path to profits this year is anything but smooth, as governments cut subsidies and incentives for schemes in the solar and wind sectors, while the investment community in general remains cautious. But the strong comeback shown by cleantech shares during December does provide some hope for those looking for overall growth from the sector in the coming year.

In his recent speech to the London School of Economics the UK’s Secretary of State for Energy & Climate Change, Chris Huhne, acknowledged a sad fact about the recently commissioned wind farm at Thanet off the British coast: most of the value of building this wind farm, the world’s biggest, went to companies outside of the UK.