Home-Made Power

Oil, coal, hydrogen, fuel cells, hybrid cars, renewables, geothermal, economical growth



SOLAR PROJECTS BEING SQUEEZED

Date: Fri Oct 24, 2008 8:56 am. By: Guest

New bank credit limits in a tightening financial system have reduced access to capital slowing down solar projects on roofs of warehouses, offices and commercial space for the next four years.
The tax credits, high costs of traditional fuel, and a belief that creditors would fund high-quality green projects have been offset by the gathering winds of a credit squeeze fueled by fears of recession.
According to Matt Cheney of Municipal Mortgage many companies with mid- level credit ratings six months ago can't get their loans for solar investments from financial institutions.
Potential solar projects have been hit by a general unavailability of project finance. While the fundamentals to finance solar systems remain in place the risk spreads have perceptionally widened, according to SunPower Chief Executive Tom Werner.
Solar products, panel, module, cell, ingot manufacturer that don't have their factories fully paid for are likely to suffer with mnay larger projects being forced to scale back their expansion plans.
For latest daily news on climate change and planet opinion http://www.dailyplanetmedia.com
Read all about the Earth Charter for a sustainable planet http://www.earthcharterfoundation.com
The State of the Planet TOXIC WASTE http://www.youtube.com/watch?v=c9HHel9QCIk

Energy, oil and gas > Home-Made Power

Travelers and hotels or travel site. Flights by vacation and cars.