Peter Gray, Head of KPMG Corporate Finance's Energy and Natural Resources Team quoted in CNN.com

March 27, 2007

In the March 27, 2007 edition of CNN.com, KPMG Corporate Finance had an opportunity to contribute to Steve Hargreaves article, Dirty side to clean energy investing.  Renewable investments have tripled since 2002, but is quick cash really what the sector needs?

Peter Gray,  Head of KPMG Corporate Finance's Energy and Natural Resources Team, was interviewed with respect to what sources do alternative energy companies turn to for financing even though there is plenty of venture capital money to go around. 

"Private equity is stepping into a space that commercial banks won't fill and the government hasn't put enough money behind," said Peter Gray, a managing director for energy and natural resources at KPMG Corporate Finance LLC, an independent investment bank. "They're filling a gap that shouldn't exist."

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KPMG Corporate Finance LLC is a leading financial adviser serving domestic and international clients. KPMG Corporate Finance offers a full suite of investment banking and advisory services and the experience and depth of knowledge in global M&A and project finance to advise clients on mergers and acquisitions, sales and divestitures, buy-outs, financings, restructurings, fairness opinions, infrastructure project finance and other advisory initiatives. Operating in 51 countries, KPMG's Corporate Finance practice comprises more than 1,800 professionals who are able to meet the needs of KPMG's firms’ clients across the globe. In 2006, KPMG's Corporate Finance practice was ranked the number one financial adviser for completing the highest number of transactions globally (434 deals totaling US$48.9 billion), according to Thomson Financial’s global M&A league tables, and was named global financial adviser of the year by Infrastructure Journal.