VC's Going Green
I blogged about Khosla Ventures and their big ethanol investment. Well, here in Connecticut MissionPoint Capital Partners has established a $335 million fund to invest in environmentally friendly energy companies.
For starters, they're backing SunEdison, a solar energy solutions provider. These guys install solar panels on the roofs of big buildings (what else are you gonna do with all that extra space), maintain them, and bill the building's owner for the electricity produced. What's in it for the building's owner? Green energy at retail rates without having to upfront the costs of panel purchase and installation.
Now, how does this differ from these guys? Two ways: 1) They've actually been doing it already (see "customers") and 2) they announced who they're getting their solar panels from (Evergreen Solar, who I own 20 shares of).
I'm pretty sure that I talked to Mort last year about putting those big box stores to good use. It's good to know that someone else (with money) thought about it too.
Tonight, it's the first Republican debate. There are 10 candidates! I can only think of 6. Hopefully, I'll have time to check it out (I missed the Democrats and had to listen to digested material) before the hockey game and see how these guys react to one another and which faction of the party they woo. I'm not hopeful, as there isn't much to be optimistic about in the Republican Party these days. At the very least I can root for Ron Paul.
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DED
For starters, they're backing SunEdison, a solar energy solutions provider. These guys install solar panels on the roofs of big buildings (what else are you gonna do with all that extra space), maintain them, and bill the building's owner for the electricity produced. What's in it for the building's owner? Green energy at retail rates without having to upfront the costs of panel purchase and installation.
Now, how does this differ from these guys? Two ways: 1) They've actually been doing it already (see "customers") and 2) they announced who they're getting their solar panels from (Evergreen Solar, who I own 20 shares of).
I'm pretty sure that I talked to Mort last year about putting those big box stores to good use. It's good to know that someone else (with money) thought about it too.
Tonight, it's the first Republican debate. There are 10 candidates! I can only think of 6. Hopefully, I'll have time to check it out (I missed the Democrats and had to listen to digested material) before the hockey game and see how these guys react to one another and which faction of the party they woo. I'm not hopeful, as there isn't much to be optimistic about in the Republican Party these days. At the very least I can root for Ron Paul.
\_/
DED
posted by DED at 2:31 PM
3 Comments:
We talked about solar panels on big box stores a few times. It is perfect, they have the money and the sq. footage. Besides which the panels shade those big roofs and cut down the AC load. It should be a requirement on all stores over a certain size.
I hope Ron Paul wins but too many people don't want to take their medicine.
"What's in it for the building's owner? Green energy at retail rates without having to upfront the costs of panel purchase and installation."
Also, locked in rates for the future. Rates match retail rates today and will stay there as utility rates continue to go up.
Yeah, I should've mentioned that indiantiger. That's a major plus. Thanks!
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