2009: The Year of the Shake-out; IEA Underestimates Renewables

By Stephen Lacey, Podcast Editor
February 5, 2009   |   2 Comments

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1 of 2
February 9, 2009
Termoil/shakeout? What's gonna happen? Worldwide consolidation/ public policy challenges with a new U.S. President. What's gonna happen?

Project finance is the first and foremost biggest challenge for wind/solar/geothermal, etc.

As solar modules fall ~ 30-40 this year due to greater manufacturing facilities and increasing supply of silicon, PV will gain a mainstream foothold; being especially good for installers who do good consistant installs in the range of 1-10kV projects. Garages will start to be build by mandate in California and other states with a 'blueprint' for electric vehicles as they emerge world wide.

Obama is "locked" in to the green sector, schools are starting to push wind and PV "2 year curriculums" and the people are seeing investment opportunities for their' homes and businesses now. If Obama can use his "golden tongue" and power to cause a rip tide of movement more and more into green investment for residential as well as industrial entities, we could have a 20 year movement away from oil and the current energy nonsense that rules the world.

Geothermal indeed will benefit as this article stated due to less work being done for oil drilling as well as using 3-D technology concurrently that was developed for oil work. Find heat, dig a hole, extract steam, make turbines spin,..cause electrons to move.

Let's get it done. Fossil energy will be religated to the Smithsonian by 2040
or in Third World countries only.

All the Best,..
Comment
2 of 2
February 14, 2009
One firm is offering investors a "no cost - no risk" ownership in their
plant under construction using the investor's tax liability with 100% Federal Income Tax Credit - so their entire investment is refunded by the government. And then they also expect to return about 10 times their investment within a few years. Own part of a power plant with income instead of dumping your funds in a black hole.
Better explained here: www.websites-host.com/energy-credit
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Stephen Lacey

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About: I am a reporter with ClimateProgress.org, a blog published by the Center for American Progress. I am former editor and producer for RenewableEnergyWorld.com, wh... more »

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