The economic burden of Covid-19 moderation measures implemented by countries around the world has been severe.The IMF’s World Economic Outlook presents a bleak picture: the global economy is expected to contract by 4.9%, pointing to a recession worse than that of 2008.Crisis.
For entrepreneurs, the founders of new companies that are suffering to run their businesses and investors, this is daunting news. At all levels, the industry seeks answers to the million-dollar question: how is the existing scenario affecting the green generation landscape?
Like many other industries, green generation has suffered a reasonable percentage of losses.In the United States, the renewable energy sector is healing its injuries following the loss of 600,000 jobs since the onset of the pandemic.
But the temperament is very different in Europe, where the EU has retaliated against the economic climate with a renewed determination to push the green agenda forward. Its ambitious green stimulus program is boosting resources to a network like never before, announcing the creation of a million green jobs.
In the United States, Donald Trump has chosen to reduce protections for the green economy, while China is giving combined global signals about the extent to which and to what extent the green transition is proposed.
In short: the prospects for investment in green technologies and expansion in the sector are radically different depending on where you are in the world.
Sarah Nolet, co-founder of Australia’s leading agri-food venture capital firm, Tenacious Ventures, said in April that fundraising was “difficult for start-ups” because “investors focus on their existing holding companies and make sure they have enough money.and focus on what they want to do to survive, so investors are distracted, to say the least ».
Meanwhile, in Germany, Samuel Beck, Director of Investment and Development at Pacifico Energy Partner, an investment company focusing on European wind and solar energy companies, said that “renewable energy investment portfolios have proven to be resistant to COVID-19.
“A smart example is that our strategic company, Pacifico Renewables Yield AG, a new and fast-growing PPI, effectively ended a capital accumulation of 17.5 million euros in April 2020 despite a volatile market environment.Most of the wallets were temporarily recovered after the initial surprise and have now gained in price from the previous levels to Covid-19.»
And as the U.S. sun sinks, in Europe, Beck has witnessed “an increasing number of floating sun projects on the market.”
Amid the turbulence of Covid-19, Beck says, there are also positive market signs: “The latest advances point to a recovery in the area of investment in green technologies.Investors are deploying two-facial solar modules that generate returns for their wallets,” Beck says.
“Recently, Zero Mass Water raised $50 million in a new BlackRock budget, among others.The startup creates solar panels that produce pure, clean water for electricity.
“In the long run, land scarcity will inevitably push investors to expand large-scale photovoltaic and wind projects in deserts and offshore.It is in this context that I see the prospect of green hydrogen as a means of storage and transport of energy.
Beyond solar and wind power, there is evidence that new companies of all shapes and sizes continue to attract really important investments.
Positive investors in the electric vehicle (EV) market: Managed fleet charging specialist Amply raised $13.6 million and HEVO Power raised $5.5 million to expand a wireless charging platform for electric vehicles.
Apeel Sciences received the prestige of a unicorn with a $250 million investment round.edible packaged in plastic.
Nolet explained that while the pandemic “may drive the adoption of independent technologies, some trends may “persist or not long-term, such as others cooking more at home, eating healthier and buying more local foods.But those are wonderful opportunities for sustainability-oriented entrepreneurs.
The positive view, he says, is that “current trends can catalyze a transition to more renewable energy and greener technologies.”
The world economy has been beaten. Many jobs in green technologies have been lost and still lost, and some start-ups consider it much more complicated to get the traction needed to take off, but a wide-angle lens gives many reasons to be happy, fueled by the urgency of the climate crisis.the momentum given through governments and businesses around the world and the determination of network organizations: the green revolution has already skyrocketed.And while much depends on the upcoming US election, the new green deal is accelerating around the world.
I’m a solutions-focused video and journalist with a deep interest in disruptive technologies, entrepreneurship, the environment, and how it all comes together. I am the
I am a video editor and solution-oriented journalist, deeply interested in disruptive technologies, entrepreneurship, the environment and how it all fits together.I’m from a bimonthly newsletter about being an innovator focused on environmental technology, The Green Techpreneur.has given the impression in titles such as the BBC, Medium’s OneZero, the Fintech Times, Engadget and Powerlist magazine.I give a contribution to a think and do tank, the Blockchain
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