Environmental Capital provides daily news and analysis of the business of the environment. It tracks how growing green concern, particularly over climate change, is roiling established industries and spurring new ones – and how that shift is affecting investors, consumers and the planet. The Journal's Keith Johnson, who spent the past decade reporting from Europe, increasingly on energy issues, is the lead writer. The Journal’s Jeffrey Ball, who has covered the auto and oil industries and now covers the business of the environment, is the blog’s editor and a contributor. Environmental Capital also includes contributions from others at the Journal, WSJ.com, and Dow Jones Newswires.
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Renewable Energy Financing Rebounds, in Europe, if not U.S.
Posted on July 02, 2009
Bankers are funding renewable energy projects again at least in Europe. On the U.S. side of the pond, the financing for solar parks, wind farms and the like remain in a deep freeze, according to new second-quarter figures from New Energy Finance.Associated PressThe winds of (funding) change? But there is reason to believe the U.S. situation is better than the numbers indicate and the European situation is worse.Asset financing in the U.S. totaled a measly $1.6 billion in the second quarter of 2008, down 66% from a year earlier. (Of course, its up from $300 million in the first quarter.) Etha...
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