There have been a number of good stories and blog postings about the extent to which the credit crunch and its economic downside will hurt renewable energy projects and act as a drag on cleantech financing. Here’s my own take on how things are playing out in Ontario. Continue reading The credit crunch and its impact on green projects
I want to know what readers of Clean Break think about the credit crisis and its impact — existing or potential — on the development and deployment of renewable energy and clean technologies.
One could argue it might help, because big-budget nuclear and clean coal projects will have more difficulty raising the money — i.e. debt financing — to push these megaprojects forward. In such a situation, renewables, conservation and combined heat and power projects could be viewed as the least risky and therefore most worth pursuing. On the other hand, the credit crunch could hit big wind and solar projects with equal impact, and force governments to make a greater commitment to backstopping nuclear and other conventional projects with taxpayers’ dollars.
And what do venture capitalists think about all this? Does the crunch affect how they allocation money, or their ability to raise it? Does it make life more difficult for cleantech startups in need of financing?
If you have any insights or opinions to share, I welcome it…