Despite Financial Crisis, Clean Energy Firms Seek Capital
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Description:
The fall of Lehman Brothers has raised serious concerns for renewable-energy companies seeking to raise money in the near future. But that won't stop some firms from trying. Until it filed for bankruptcy protection last week,...
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The fall of Lehman Brothers has raised serious concerns for renewable-energy companies seeking to raise money in the near future. But that won't stop some firms from trying. Until it filed for bankruptcy protection last week, Lehman had been a popular underwriter for companies raising funds, by issuing shares or borrowing money.
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Highlights:
The investment bank's collapse prompted statements from companies such as SunPower and Evergreen Solar explaining the financial impact of Lehman's fall. Investors said the market's turmoil will likely suppress any appetite for...
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