Sunday, March 22, 2009

Stimulus seen sowing seeds for renewable energy's revival

http://www.nytimes.com/gwire/2009/03/20/20greenwire-stimulus-seen-sowing-seeds-for-industrys-reviv-10227.html
Financiers and law firms specializing in renewable energy say they see growing interest in reviving moribund projects and breaking ground on new deals. And while big banks that have braced the industry's backbone are still on the fence, some hedge funds and private equity and venture capital firms are cautiously looking to take advantage of stimulus provisions that temporarily eliminate the need for tax equity financing, which has long been a mainstay for renewable energy projects.