It comes as no surprise to us that banks have been hesitant to lend across the board recently. And it’s really no surprise that clean energy has been taking the brunt of the stinginess.
But in times like these it’s important as your informant to spot positive trends in the making…
Old reliable Ben Bernake has decided to resort back to quantitative easing like he did during the financial crisis of ’08.
His intentions are to buy $600 billion in Treasury securities to lower interest rates in hopes of stimulating consumer spending and a broader job market.
Trend spotted.
This trend is gaining momentum with companies like Duke Energy Corp’s recent security of $231 million for a Top of the World Windpower Project in Wyoming. This 18-year loan of $193 million gives life to our loan-stricken market.
Trend confirmed.
A senior official of China’s National Energy Administration encouraged Chinese renewable energy firms to invest in U.S. markets in order to boost their competitiveness in the international market.
He also went out of his way to point out the great potential the U.S. wind power market has, but also how the short funding is holding them back.
With funding seemingly taking an upswing, keep an eye out for that great potential to kick in.
Trend’s confirmation confirmed.
The cost of wind turbines has fallen about 15%-20% over the last few years, and energy security has been talked about as the root of our national security issue.
Happy Clean Energy Investing,
-Michael Boytano
