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Gloom and Doom Round-Up

Posted in Investment,Renewables by Cheryl Morgan on the October 3rd, 2008

At EU Energy Policy Fereidoon P. Sioshansi talks about how the turmoil in financial markets might affect the energy industry. The article is mainly about the sudden collapse of Constellation, but other companies may also get into difficulties. Reliant is already making noises that sound a bit like a sports coach saying that he has the full backing of the owners.

Meanwhile Forbes looks at how the collapse in investment will affect the renewables industry.

To make matters worse, the collapse of investment bank Lehman Brothers has become a liability for many solar energy companies. In recent years, Lehman had become a principal underwriter for solar energy companies raising money or financing debt to build factories and solar farms.

Double Plus Ungood would appear to be an appropriate comment.

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