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Renewable Energy: Pure Power

I agree that renewables are attractive. However, the US Energy Bill did not include a renewal of renewable energy credits. Thus, many solar, wind, and biomass firms stand to lose their credits (30% tax credits!) when they expire in 2008.

If you know any creditors on Wall St. who will finance $50-200mm projects without a guaranteed tax credit, please let us know. I believe project financing in this space will slow until the credits are renewed, which due to the election next year, may not be until 09-10. Thus, I only advise that things are not perfect in renewables in the US. International is a different story ...