The latest issue of Venture Capital Journal is out and I’ve got a free story for non-subscribers. Entitled “Project financiers now on speed dial,” the story looks at how cleantech companies have been squeezed by the economic downturn and credit crunch. A lot of these venture-backed companies, like solar companies and biofuel makers, need big investments to scale up. And they can’t go back to their VCs because – except for a handful of new cleantech growth funds – most venture firms just can’t write checks of that size.
This is where project financiers like John Buehler of Energy Investors Funds come in. After Buehler recently put $60 million into a $160 million debt and equity round for Solar Power Partners, his phone started ringing off the hook. Everyone from cleantech entrepreneurs to VCs has been calling looking for cash. Read the story here.
If you’re one of those cleantech companies or VCs wondering where you’re going to find big bucks, you can meet Buehler and other project financiers at a VCJ breakfast discussion on Tuesday, Jan. 13, at the Quadrus Center on Sand Hill Road. If you sign up now, the cost is just $60. Click here for the
Hope to see you there!