Reasons to be cheerful

DESPITE THE CONTINUED DISTRESSING NEWS ON THE ECONOMY, THE RENEWABLE ENERGY SECTOR HAS HAD SOME CHEER OF LATE, PARTICULARLY IN WIND. AT THE NEW ENERGY FINANCE SUMMIT ON 5 MARCH 2009, NEF'S CEO MICHAEL LIEBREICH DISCUSSED 7 POSITIVES. MOST IMPORTANT FOR THE WIND INDUSTRY: NEW FINANCING SOURCES, RISING OIL PRICES AS THE ECONOMY RECOVERS, AND US$100 BILLION IN STIMULUS PACKAGES FROM GOVERNMENTS IN THE NEXT THREE YEARS, WITH A SUBSTANTIAL PART FOR RENEWABLE ENERGY DEPLOYMENT.