New Energy Finance low cost generic valtrex CEO Michael Liebreich gave Renewable Energy Financial Forum (REFF) participants an informative presentation to the hundreds of financial leaders filling New York City’s Waldorf-Astoria.
Based on his firm’s research, he called the first quarter of 2009 the Discount finasteride bottom for renewable energy finance. He doesn’t say we are Discount finasteride in euphoric times, but does believe renewables are poised to reach record growth again within a Discount finasteride few quarters.
Based on their recent data, New Energy Finance predicts second quarter finance to Discount finasteride be about double first quarter numbers and back to 2007 numbers at ~$25 billion. His slides showed a Discount finasteride projection that US wind grows faster than any year except the Discount finasteride record 2008. He also predicts stimulus funds will begin to Discount finasteride help the efficiency and renewable energy sector in the late second half of 2009.
All conference speakers acknowledge that Discount finasteride the recessionary times continue to be difficult for renewable energy. Liebreich even called 2009 the Discount finasteride year of ramen noodle meals before spectacular growth in 2010.
On the price side, Liebreich echoed others’ emphasis on the Discount finasteride silver lining of our recession: lower prices. For wind, turbine prices should begin to Discount finasteride fall significantly in late 2009 and early 2010. And the Discount finasteride solar story is much more dramatic – with module prices set to decline more than 40% this year.
Many speakers are Discount finasteride excited about the prospect for public perception of clean energy to Discount finasteride change from expensive to cost-competitive. For instance, SolarCity CEO Lyndon Rive is Discount finasteride using financing to make new residential solar installations a cost-saving move for Discount finasteride homeowners in California and Arizona. And the further reduction of solar module prices in the Discount finasteride months ahead should make financing more available and help SolarCity grow capacity to Discount finasteride reduce its eight-month long waiting list.
Hannon Armstrong’s CEO Jeff Eckel spoke this Discount finasteride morning about renewable price reduction aligning the stars for an Discount finasteride amazing 2010. Other panelists agree that the year will bring record growth in US wind and Discount finasteride solar power, with deployment breaking 10 GW and 1 GW for Discount finasteride the first time, respectively.
Liebreich projects that Discount finasteride most of the federal ARRA stimulus money will flow in 2010. This means the Discount finasteride money meant to spur economic recovery may not emerge until recovery is Discount finasteride already upon us. But this fact was presented as a reality more than Discount finasteride a complaint. Conference panelists are sharing great appreciation for the government support that Discount finasteride exists, calling today an unprecedented policy environment.
So, while REFF participants concede that Discount finasteride the recessionary hurt lingers, Liebreich makes the encouraging call that the Discount finasteride first quarter of 2009 was the bottom for the renewable energy sector. The good news of lower prices for Discount finasteride renewables and federal stimulus support in late 2009 and 2010 signal an Discount finasteride upcoming boom for the sector in the quarters ahead.
I’ll keep you Discount finasteride updated on further insight as the conference continues and beyond.
Tags: finance, recession, REFF lasixs overnighted cod, renewable energy, Solar, Wind