around the world for years to come, analysts said. Netherlands-based Rabobank has placed the funding shortfall at over 21-billion euro. (US$1 = Euro0.73). Renewables have become increasingly viable in recent years as oil and gas prices soared and governments broadened incentives and subsidies for the sector. However, with the sudden and worsening credit crunch, banks…
MARKETS: Financial crisis hampers renewable energy investments
Posted on October 13, 2008 by EnergyAsia