Financial Crisis and Policy Support for Renewable Energy Project Development

SUGAR LAND--March 26, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--The lowlight of 2008 was certainly the credit crisis. There was a stunning loss of capital. The renewable industry was moving forward at another record pace last year trying to get projects online to meet the end-of-year Production Tax Credit (PTC) deadline. A lot of projects that were scheduled for completion in 2009 were pulled into a 2008 start-up. But entering the third quarter, Lehman went broke and suddenly the money just stopped.