Finally...looks like Wells Fargo is one of the main players on the green lending train. Yesterday it was announced that Wells Fargo has loaned over $1 billion to finance new green projects...from apartment buildings and condos to mixed-use developments and schools. According to greenerbuildings.com, Wells has financed 19 LEED buildings in 10 states...with loan packages ranging from $10 million to $225 million.
"We can help protect the environment by supporting the development of energy efficient buildings." --Larry Chapman, Head of Commercial Real Estate at Wells Fargo
Continue reading "Wells Fargo Loans CASH For Green Building Projects" »
No surprise here. A report, from the Cleantech Group, speculates that cleantech investments in China are likely to grow in 2007 by 38%. Venture funding has dramatically increased over the last couple years, which is a likely result of governmental mandates in the energy sector that were passed in 06. According to China's Renewable Energy Law, 10% of the country's energy output needs to be from renewable sources by 2010. Definitely good news for us here in the U.S. Demand for energy products and services abroad can often result in a positive impact on domestic alternative energy markets, which has already been felt. According to Red Herring, 3 Chinese solar companies have gone public on U.S. exchanges so far in 2007. 