Bloomberg acquires New Energy Finance
By Sean Callahan
New York—Bloomberg L.P., which completed its acquisition of BusinessWeek earlier this month, announced last week that it has acquired New Energy Finance, which provides news, data and analysis on renewable energy, carbon markets, energy efficiency, biofuels, carbon capture and storage, and nuclear power.
“This acquisition is the next step in Bloomberg’s initiative to develop and promote the carbon and clean energy markets,” Peter T. Grauer, chairman of Bloomberg, said in a statement.
Michael Liebreich, chairman-CEO of New Energy Finance, said in a statement: “The thesis behind New Energy Finance is that we are seeing a fundamental re-engineering of the world’s energy industry around low-carbon architectures, which will take decades, cost trillions of dollars and require the creation of new market instruments. It will also, of course, require investment-grade information and analysis.”