Environmental Capital provides daily news and analysis of the business of the environment. It tracks how growing green concern, particularly over climate change, is roiling established industries and spurring new ones – and how that shift is affecting investors, consumers and the planet.
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Eclipsed: Solar Powers Celebrations Cut Short by Market Carnage
Posted on October 06, 2008
For the solar-power industry, it was the best of times and the worst of timesall in the space of a long weekend. On Friday, after the passage of the Wall Street bailout bill that included juicy tax breaks for solar power, champagne was the order of the day. By Monday, as stock markets went south and some of the implications of the new tax breaks sank in, solar companies expecting to cash in saw their prospects turn as gloomy as anybodys.Mixed signals for solar in the U.S. (AP)Optimism reigned on Friday after Congress and President Bush inked an eight-year extension to clean-energy tax credits ...
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