Alternative Energy Faces New Challenges

For all the support that the presidential candidates are expressing for renewable energy, alternative energies like wind and solar are facing big new challenges because of the credit freeze and the plunge in oil and natural gas prices.

Shares of alternative energy companies have fallen even more sharply than the rest of the stock market in recent months. The struggles of financial institutions are raising fears that investment capital for big renewable energy projects is likely to get tighter.
Read the full story here.

Related:
Economic Crisis May Slow Green Efforts
Which Is Worse For Green Energy? Cheap Oil Or Financial Crisis

Comments

[Givethemhellharry]

02:58 AM on 10/22/2008

I have been living in Uganda for the last 2 and a half years.

Here electricity is a very big problem. Even in areas where there is electricity, no power is available for long periods of time. The same holds true for the neighboring countries of Sudan and the Congo and in fact most of Africa and the developing world.

We developed a unique solution to the problem. The AAES PowerStation uses a vehicle's electricity generation capability to generate and store electricity for use later. The PowerStation can be used for lights, TV, computer etc. This is FREE electricity as the car uses no additional fuel. It works great on everything from small cars to large SUVs. We have been developing and testing the system for 2 years and it is ready for market.

There are over 600,000 cars on the roads of Uganda and 1 billion cars on the roads of the world. Each one could be getting double utilization out of each gallon of fuel, transportation and electricity.

We want to build an assembly/ training center to service the needs of Uganda, Sudan and the DRC. We have strong interest from other countries in the region including Rwanda Tanzania, South Africa, etc.

We need approximately $500,000 to establish the center. We are looking for investors and partners interested in a simple technology that can have a major impact on both environmental and energy problems. Those interested may contact me at [e-mail].

[francoise]

04:35 PM on 10/21/2008

Not to invest into renewable energies is plain stupid.

Obviously it's a long term investment.

But we're all investing into increasing the financial debt that we'll leave for our children and grandchildren to pay for.

And we're all investing into the climate change that our children and grandchildren will deal with.

Shame on us if we don't invest into the renewable energies research !

[Pdubya]

02:19 PM on 10/21/2008

you mean the government-lobby corporate alternative energy companies are having a hard time?

awww.

thats what competition will do. i've seen more water cisterns, solar panels, and car conversions in the last 6 months than I ever have. And I tinker alot.

[PT6]

01:53 PM on 10/21/2008

Here is a WAY to Increase Funds for GREEN ENERGY!

TECHNOLOGY CAN SPUR THE ECONOMY, REMOVE CORRUPTION, AND AVOID MORE BAILOUTS!

FIVE KEY FACTS:

1. American Taxpayers Own Fannie, Freddie, and a group of Banks!
2. Mortgage Companies and Banks were at The CENTER of the Housing and Financial CRISIS!
3. Crisis Continues Because Homeowners can not Afford TRICKY Loans and are Walking Away!
4. The Current FED RATE is 1.5%!
5. Technology and the Internet are Sophisticated Tools for Automating Loans!

Why not use the Internet and the New Taxpayer Owned Banks to provide direct low cost loans using Automation while Eliminating the Corrupt Middle Men (i.e., Mortgage Companies and Banks)?

The rate on the new loans would be 2.5% to 3% to provide the New Taxpayer Owned Banks with a 1% to 1.5% margin!

Automation can be used to verify employment, verify home title, check credit, and do 98% of the loan Preparation. This eliminates all the mortgage fees, all bank fees, all title fees, most verification fees, and most documentation work done via internet and technology.

This could easily be accomplished using today's technology at a much LOWER COST!

The Savings for AMERICANS will spur the Economy more than any added Bailout Plans

The Savings can be used to pay debts, buy "GREEN ENERGY" upgrades for homes, buy American ENERGY EFFICIENT Cars, buy American Real Estate, and all kinds of American goods plus help other countries in crisis by buying their goods!

[Pdubya]

02:21 PM on 10/21/2008

but what are you going to use as the currency? the federal reserve note? another fiat world currency?.......or a u.s. dollar based upon our constitution.

"Allow me to issue and control a nation's money and I care not who writes its laws!". Amshell Rothschild

[ocalasatpro]

01:19 PM on 10/21/2008

THIS bums me out. But it'll turn around. We build solar products and have a plan "B" to do it without govt. credits anyway. More than one way to skin a cat, right?

With these Wall Street bailouts you can see where politicians minds (wallets) are, firmly planted in their @ss end.

[KillTheMessenger]

12:05 PM on 10/21/2008

Did we renew the alternative energy tax credit, yet?

:-)

[olephart]

01:00 PM on 10/21/2008

Yes, I believe it was put in with the bailout.