NEW ENERGY MONEY STILL HESITANT

Clean energy investment fell in Q3: research group
Laura Isensee (w/Andre Grenon), October 2, 2009 (Reuters)

"Investors worldwide poured $25.9 billion into clean energy in the last three months, down 9 percent from $28.6 billion in the second quarter…[but almost twice what New energy investment was in the first quarter]…"

[Michael Liebreich, chairman/chief executive, New Energy Finance:] "It is heartening to see that the collapse in investment seen in the first quarter of this year is firmly receding in the rear-view mirror…"

click thru for the complete New Energy Finance presentation

"…[Q3 investment was] far ahead from the collapse the sector suffered in the first quarter, when it saw only $13.3 billion of investment…

"The recovery in public markets and the first real installment of "green" stimulus dollars pledged by major economies helped boost investment in the third quarter."

click thru for the complete New Energy Finance presentation

"New Energy Finance also revised its forecast for investment for the full-year to $105 billion to $115 billion, the upper end of its prior estimate of $95 billion to $115 billion…

"…[[T]he financing environment is still difficult, with excessive reliance on stimulus funds, development banks and state-backed capital providers...Investment in clean energy still has not recovered to levels seen in 2008 and 2007."