Financing Gap Threatens Investment in Clean Energy
A financing gap is putting clean energy investment at risk, even as capital floods into the sector at record levels. Capital in private markets is increasingly split between two extremes. Plentiful venture funding chases early-stage startups on one side. At the same time, a deep reservoir of pension- and insurance-style money seeks out established assets with predictable earnings and long track records. There’s a widening shortfall between those two extremes, and it is squeezing exactly the businesses that the next stage of the transition depends on. Companies land in that middle zone once they've moved past pilot projects and begun constructing and operating large facilities that…

