Monday, February 11, 2008

Wall Street has less appetite for risky green projects

This is why I paraphrase Chairman Mao, some think ad nauseum:
The markets are the sea that renewable energy investing swims in.
From Reuters:

Big-scale renewable energy projects demonstrating new technologies will have a harder time getting Wall Street funding due to shaky credit markets and plunging stock prices, a Morgan Stanley (MS) managing director said on Thursday.

"Right now with the stock market not being its healthiest, the sort of plain vanilla non-emerging technologies -- those are the projects that are going to get financed," Aaron Lubowitz, managing director in Morgan Stanley's global structured products group, said during a panel at the Clean-tech Investor Summit in Indian Wells, California....MORE