Companies of the finance-intense sector of renewable energy are getting their supply of cash cut off. Investors are opting for lower risk projects.
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. The article starts with the introduction:
And so it’s only normal that venture capital companies are now opting out. Investment strategies are changing. Technology Review writes:
According to Technology Review, people want quicker returns and less risk. Well who doesn’t? Technology Review writes:
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. So watch the politicians soon scramble and start blaming “speculators” and “greedy finance companies” for the mess they themselves created, and then start calling for more financial regulation.