>>Renewable energy and the economy
October 28, 2008, 4:16 pm
Filed under: Investing

Corporate budgets are tightening, credit is hard to find, and a lot of renewable energy stocks have tanked (along with the rest of the market).  And so, despite the extension of renewable energy tax credits, the future of some energy projects is uncertain.  The New York Times today reports that Google’s renewable energy ambitions hold the promise of big profits — but may meet with some pushback from stockholders. Meanwhile, a report released on Monday by Greenpeace echoes earlier studies by ASES and others to the effect that massive conversion of the energy infrastructure will produce millions of jobs and strong economic growth.

Elsewhere, there are signs that, once funded, it may be easier and faster now to get your project built. NPR noted this morning that as the market for new high-rise condos has cratered, dozens of heavy construction cranes have disappeared from the Miami skyline. If you’re a wind or solar contractor, you ought to be able to schedule a crane faster and cheaper than ever. It should be easier to find construction labor, materials, and all sorts of equipment.


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