According to the American Council on Renewable Energy, investment in renewable energy companies has gone from $28B in 2004 to $71B in 2006. Sooner or later, investors are going to expect a return on that investment or the money will dry up.

The Wilder Hill Clean Energy Index is down 14% in the past year showing that in a strong rally period, renewable shares aren’t necessarily participating. However, the index is still up 50% since its inception in 2004.



There is cause for hope, oil prices remain high, pressure for carbon regulation is steadily increasing, and government support for clean energy is on the uptick (with the notable exception of geothermal energy.)


If you liked this entry, Digg It!
Tune: Biloxi by Jimmy Buffet
Technorati Tags: Energy | Investment | Mike Harding Blog