Wall Street Pumps Billions Into Renewable Energy (Wall Street Journal)
After years of lofty promises, Wall Street believes the renewable energy industry can produce a payoff.
In just a few years, investors have gone from zero to billions in the amount of money they’re pumping into renewable-energy companies and environmentally friendly projects.
Tax-equity funds and specialty financial tools like “green bonds” and yieldcos have become increasingly popular. And investments in the renewable-energy companies that benefit from these financial tools have far outperformed those in oil-and-gas drilling and coal mining since the start of 2013, according to Bloomberg New Energy Finance, a research arm of Bloomberg LP.
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