2013 is shaping up to be a tipping point for Greentech investments.
We previously predicted that the second half of 2013 would see a rush of Greentech IPOs come to market. Buoyed by an improving world economy and positive sentiment around the Greentech sector in particular. We have not seen anything in the first week of the year to make us doubt this prediction. The only factor that may require revision is the timing. Going by the current positive sentiment in the market it is possible that there may be some significant IPO activity around the middle of the year.
The extension of the wind energy tax credits as part of the fiscal cliff deal last week ensured that construction of wind plants across the US can continue. The American Wind Energy Association claims that move will save 37,000 jobs.
MidAmerican Energy is expected to make further additions to it’s renewable energy portfolio in 2013. The Berkshire Hathaway subsidiary has already acquired the 579 MW SunPower Corp for $2.0m – $2.5m and we expect further acquisitions during the year.
