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Renewable Investment Takes a Hit but Remains Buoyant

Posted on April 18, 2008

The weak housing market, turmoil in the financial industry, the credit crunch and economic slowdown are hitting renewable energy investment but sizable amounts of capital are still flowing into the sector, according to research published by London-based New Energy Finance this week.Some US$ 2.4 billion of investment flowed into renewable energy in this year???s first quarter compared to US$ 3.7 billion in Q1 2007. Private equity investments fell sharply ??? down 64% - to US$ 878 million while venture capital investors put US$ 1 billion to work in the renewable energy sector in Q1 this year as...

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