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September 22, 2006
Alt Energy's Big Exits Pumping VC-stage Valuations
At the recent European Energy Venture Fair talk on the sidelines was that the current valuation on some alternative energy startups was getting a bit pricey. We think that this slide from New Energy Finance showing the valuation at exit of such companies over the past 18 months or so explains why investors are keen to get in on venture rounds.
For example, Norway's Renewable Energy Corporation had an exit valuation of some $7.5B on an investment of $44.2M, and India's Suzlon had an IPO valuing the company at $3.3B. Its pre-IPO backers had invested $21.5M.
Recent New Energy Pe/VC-backed Exits
Image source: New Energy Finance
Another thing we notice in this slide is that 7 out of the top 10 exits in the sector dubbed “new energy” were European companies. It was part of a presentation by Michael Liebreich, of New Energy Finance, a specialized research and database publisher.
Posted on September 22, 2006 01:18 PM | Posted to Alternative Energy | Permalink
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