Business
CleanTech Goes Through The Roof
December 1, 2008 09:43 AM - , Triple Pundit
Investment managers at cleantech funds are looking at the world with totally new eyes these days — the financial crisis, which has ravaged stock prices and wiped out major financial institutions, offers buying opportunities that are unprecedented. Now’s the best time to snap up bargains, they say. The hard numbers prove this ain't illogical. The US clean tech sector rose 55% to more than $2.4 billion over the past twelve months. One of the main drivers of this could be the US government's $700 billion Housing and Recovery Act stimulus package. The tax concessions boosted wind energy, geothermal and biomass projects and are expected to have a long lasting effect on the capital markets.
