Monday, December 22, 2008

Financial meltdown slows wind power - Green Machines- msnbc.com

Doyle is paid just over $35,000 a month for the seven wind turbines in his soybean and corn fields. Those turbines and thousands others across the Midwest the past few years were part of an unprecedented build-out for the wind-power industry.

That expansion is now drastically slowing as financing dries up for many projects because of the global economic crisis. Companies that bankrolled much of the boom — the insurer AIG, now-bankrupt financial service company Lehman Brothers and Wachovia Corp. — are among the meltdown's biggest losers.
Financial meltdown slows wind power - Green Machines- msnbc.com
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