Crossing the Valley of Death: Solutions to the Next Generation Clean Energy Project Financing Gap
June 21, 2010
Clean Energy Group, Bloomberg New Energy Finance
Clean Energy Group and Bloomberg New Energy Finance (BNEF) together evaluated current gaps in financing for emerging clean energy technologies – and potential ways to bridge those gaps – in the new white paper, “Crossing the Valley of Death: Solutions to the next generation clean energy project financing gap.” Clean Energy Group and BNEF conducted interviews with over 60 technologists, entrepreneurs, project developers, venture capitalists, institutional investors, bankers, and policymakers from ten countries worldwide in order to critically evaluate the pressing problem of the so-called Valley of Death – the financing required to bring emerging clean energy technologies to commercial scale. The report offers three high-priority strategies for next-step analysis: Emerging Technology Reverse Auction Mechanisms; Efficacy Insurance; and a Government-Backed Commercialization Finance Investment Entity. The report was created with support from The Annenberg Foundation.