Photo Credit: Unknown Given that President Bush says “we’re not in a recession” and he’s wrong every time he opens his mouth, it makes me wonder if we’re in a depression. The basic facts of the situation are: Real Gross Domestic Product has stayed stable at $11T (2000 USD) Source: Data 360.org The US imports […]
This morning while driving to Palo Alto, I heard about the latest mortgage meltdown victim, a subsidiary of the Carlyle Group, where there is apparently a $21B exposure. Taking a step back from the macro economic view, I have to wonder where the business people are in all this? After all, there is live tangible […]
It’s not only about sustainability, but it’s also about $. After all, eco- is a prefix in ecology as well as economy. Recently due to a comment on the blog a new site came to our attention, Cleantech Finance Insider. Since we happen to be acquainted with the author and the initial content has been […]
Ormat reported revenues of $70.7M for Q4, up 6% from the prior year. More impressively, earnings doubled from $4.2M to $8.9M from the prior year. Details of operational performance are expected to be released at their earnings call scheduled for later today. Ormat’s stock closed at $43.82/share yesterday.
Last week there were two interesting stories around power purchase agreements. In one, Western GeoPower backed out of its PPA with PGE and the Calpine/PGE PPA proposal. First, the standard agreement of PGE attempting to satisfy their renewable portfolio standard requirements and Calpine looking to get a post-bankruptcy win, the two companies announced that a […]