December 5, 2006 by Tom Bawden in The Times
Concerns are mounting that the renewable energy market in America may be close to its peak after Goldman Sachs, a barometer of the industry, put its Horizon Wind Energy business up for sale for an estimated $1.5 billion (£760 million).
The reasons for the proposed sale, after just 18 months of ownership, were not clear, although many analysts said that it could be in response to huge uncertainty surrounding the wind power industry.
Will Ainger, co-editor of SparkSpread, the online US power industry resource, said: “Lots of bankers look at Goldman Sachs as the weathercock of the energy industry and so many are assuming that it is now calling the top of the market.”
Rudolf Stützle, director of project finance at HypoVereinsbank in New York, said: “There is a large amount of uncertainty surrounding the industry . . . and this is causing a good deal of concern among its leading players.”
(Read more at: http://www.windaction.org/news/6671)
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