?Investors say: ?I don?t want to hear about a unicorn ? I want to see a unicorn.? ?
? Jim Schaefer, global head of renewable energy and clean tech at UBS AG, on clean-tech investing. Reuters reports that the appetite for investing in the sector is returning after longstanding skepticism and high-profile failures such as Solyndra. Some key reasons cited by analysts: high oil prices, increased venture-capital investment and more companies with tangible, proven products that ?people are finally starting to use,? said Jay Spencer of Ernst & Young, another analyst interviewed by Reuters. Two clean-tech companies, solar-inverter company Enphase Energy, of Petaluma, and clean fuel company Luca Technologies, of Golden, Colo., were expected to go public Friday amid a resurgence of IPOs in the past few months. As for Solyndra, the Fremont solar company that suddenly shut down last summer and came to be held up as a spectacular example of government investment gone wrong ? it had received a $535 million loan guarantee from the Department of Energy ? Politico reported this week that Republicans who have led investigations into possible wrongdoing by the Obama administration in doling out the loan appear to be running out of steam. ?Is there a criminal activity? Perhaps not,? Darrell Issa, chairman of the Oversight and Government Reform Committee, told Politico. ?Is there a political influence and connections? Perhaps not. Did they bend the rules for an agenda, an agenda not covered within the statute? Absolutely.? But the article points out that a grand-jury investigation and an FBI probe are still going.
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