Cleantech nation: Cleantech playing a central role in the national recovery agenda

February 2009
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Point of view: Cleantech nation: Cleantech playing a central role in the national recovery agenda

At a glance

PwC sees opportunities for Cleantech investors, producers and adopters in the New Energy Economy Legislation signed by President Obama. This PoV highlights the urgency to ease the current credit squeeze, grow new energy infrastructure and extend tax incentives to boost investor confidence and drive job growth.

Highlights:

  • Stimulus plan hopes to fill financing gap in cash-starved, capital-intensive, renewable/alternative energy and smart grid projects—rapid delivery crucial to ease credit squeeze.
  • Venture capital cleantech investment tops $4 billion in 2008, up 54% over 2007, though cooled in Q4. Solar remains bright spot.
  • Democrats already eyeing second phase of energy legislation before December Copenhagen climate change talks; possible push for national Renewable Portfolio Standard and cap and trade.