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09/29/2008 06:16 AM
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Credit Crisis and Cleantech
SustainableBusiness.com News
How does the current credit crisis affect renewable energy companies? In the short term, these younger companies that are drawing on the resources of venture capital will continue to receive funding.
But in the long term, as they transition into their revenue-producing business plans, they will have to demonstrate larger margins to convince lenders to back new projects, according to Todd Woody in a Fortune report.
Read about Lehman Brothers, Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS) and the cleantech companies with which they have been involved, including SunPower (Nasdaq: SPWR) and Ormat (NYSE:ORA).
"A Green Credit Crunch?"
