Town Square

Post a New Topic

The economic slowdown casts a shadow over the prospects for clean technology

Original post made by tj, Old Palo Alto, on Nov 7, 2008

Big American utilities are slashing their investments in alternative energy. Florida Power & Light has cut its planned investment in wind power next year by 400 megawatts. Duke Energy of North Carolina has lopped $50m off its budget for solar power. And on October 31st VeraSun Energy, one of America's biggest ethanol producers, caught out by gyrations in the prices of corn and petrol (gasoline), filed for Chapter 11 bankruptcy protection.Web Link

I'm sure the absurd valuations of many of these clean tech companies, most of which have no revenue, will not be a factor going forward! Sound familiar!?

It does to me, fool me once, fool me twice

Comments

There are no comments yet. Please share yours below.

Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Mixx, Scott's Seafood replacement, opens in Mountain View
By Elena Kadvany | 9 comments | 2,891 views

Ten Steps to Get Started with Financial Aid
By John Raftrey and Lori McCormick | 1 comment | 1,841 views

All Parking Permits Should Have a Fee
By Steve Levy | 23 comments | 1,596 views

To Cambodia With Love
By Laura Stec | 3 comments | 1,123 views

Early Campaign Notes: City Council
By Douglas Moran | 1 comment | 86 views