A report released by the Pew Charitable Trusts shows that investment in clean power projects could rise as high as US$2.3 trillion at the end of the next decade.
EnergyBoom’s E•B Solar subindex, led by the Chinese low-cost solar cell and module producers, increased 5.10 percent last week. E•B Solar beat EnergyBoom’s other four clean sector indices and all broad market indices except the Hang Seng (Hong Kong) Index which increased 7.18 percent.
Energy consulting firm IHS Inc. (NYSE: IHS) issued a report this week saying 1.8 gigawatts (GW) of ocean wave and tidal energy projects are in “the pipeline”. For investors wanting to participate, there is only one publicly traded pure-play company in this business: Ocean Power Technologies, Inc. (NASDAQ: OPTT).
The tiny Canadian jurisdiction of Prince Edward Island (PEI) is a good case study on the challenges facing many governments trying to attract renewable energy investors.
Two years ago the PEI government made the bold pledge that by 2013 they would have 500 MW of installed wind turbines - an increase of 270%.
When sales projections are rosy and share prices of publicly traded companies are booming (EBOOM CAPITAL July 29), venture capitalists invested in private companies rub their hands together and think about strategies to convert their positions to ca