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@ Layer3.news
2025-02-28 21:43:02
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PE FIRMS LOOK TO CUT LOSSES AFTER RENEWABLE ENERGY BETS FIZZLE
https://media.zenfs.com/en/bloomberg_markets_842/3c76e3a354cbf205926696d82c6923e4
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✍️ Private equity firms are facing a reality check on their renewable energy investments, with many startups not being worth what they were valued at, and some even going bankrupt.
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👉 Private equity firms are marking down the value of their renewable energy assets
👉 Many startups are not generating profits and are dependent on government subsidies
👉 The sector's downturn is creating opportunities for firms to pick up assets on the cheap
👉 BlackRock, Riverstone, and Caisse de Depot et Placement du Quebec are among the firms affected
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#JasonMcDannold #PavelMolchanov #ScottJacobs #PeterGardett #ConnorTeskey #business
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