With another financial crisis flaring up, the green energy sector this time is taking a hit. This is being reported today in the German language Technology Review here.
No wonder Al Gore blew a fuse a few days back. With this news and the Chicago Climate Exchange shutting down, the poor bloke is probably taking a real hit. Might want to have a skyscraper watch.
The article starts with the introduction:
Innovative companies of the finance-intense sector of renewable energy risk are getting their supply of cash cut off. Investors are opting for lower risk projects.”
Almost everywhere globally governments are scaling back programs that support renewable energies.”
And so it’s only normal that venture capital companies are now opting out. Investment strategies are changing. Technology Review writes:
Germany, Italy and Spain are reducing subsidies, in America the money from the 2009 stimulus package is slowly running out.”
According to Technology Review, people want quicker returns and less risk. Well who doesn’t? Technology Review writes:
During the last years many finance companies began, however, to invest in long-term projects with high capital requirements. That only worked mainly because they were able to expect subsidies from the state. Thus hundreds of millions flowed into start-ups in solar technology, which first had to build expensive plants to get the technology ripe for the market. The profits came later, if at all.”
Now the state subsidies are shrinking and new startups will have little chance of competing against the already established companies – too risky. The bubble has nowhere to go but to implode.
With obama’s shine diminishing more each time he speaks, the prospect of him being able to carry on the hoax of cost effect green energy has finally caught up him. Reality is, the investors and start-ups were more than willing to take free government money, and a ride on the taxpayers dollar.
I don’t know much about green new technology,
but one thing I know is those WIND TOWERs sprouting all over the world are sucking in
the song birds among other,
I usuely get the tiny songbirds in later spring over here up north country
which emigrated each year ; come north and leave end august , early september to go back south,
WELL this year I had just a couple of the yellow tiny finchs, and hummingbirds,,and that made me remember how few where last year,
their number have shrunk over the last 6 to 7 years,
I’m talking of the songbirds of all different bright color, and when I looked at close range to a wind tower
that was my thought,, because of the wind swirlving around and drawing those tiny birds by a flock of them since they flye together like a swarm. from many long distance back and forth.
of course they have other dangers menacing them, like the highrise building, where they litteraly crash on their window,
but I think the more WIND TOWERS GET BUILD, THE MORE WE WILL SEE THEM EXTINCT FROM THEIR HABITATS