Well, I am in NYC attending annual 2008 AWEA wind financing conference and it has been an education. Not an education about financing techniques, research has already filled me in on that topic, but on the cultural view of Wall Street investors regarding renewable energy. Some very illustrious speakers have attended so far, a virtual who’s who of high finance and investment firms from all over the world.
What has stood out above all else is the concept that investor owned centralized power generation is the only game in town. These people are soooo formula driven. It is going to be fun to use there own model adapted to a local wide scale distributed energy plan and show them that it is possible to make money and save the planet too.
If they can get past the belief that the local farmer is too dumb to understand ‘high finance’ they might forgo some of that arrogance in favor of really promoting renewable energy and living in a truly free market. It is a totally different view here in New York on the financial bailout… these guys are essentially all for especially with the added extension of the Production Tax Credit.
My daughter and I hit the Gershwin Theatre to see Wicked tomorrow night, her first Broadway show.
