Wind Power Poised For a Possible Fast Recovery
The beginning of the recession marked a dramatic turn for the wind industry. Having previously grown by leaps and bounds, wind developers suddenly found themselves almost entirely cut off from financing. Even banks that weren’t failing slowed or stopped their lending. Wind has been particularly sensitive to the downturn, because it requires large investments, which are often supported by tax rebates that banks didn’t need while they were losing money. But the Wall Street Journal says the horizon is brightening: Bankers say this is the beginning of an active pipeline of new wind-farm financing, as well as investment in large solar installations and geothermal facilities. Project developers and Wall Street appear to be viewing the federal cash grant program as…
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