11/12/2009

The European Investment Bank's announcement this week that it will provide more than $1 billion in loans to independent wind developers is a "refreshing alternative to Britain's utility-centric energy policy," writes Jo Butlin, vice president of SmartestEnergy. Governments have typically relied on large utilities to solve energy and climate challenges, Butlin notes, but government renewable-energy projects have proceeded slowly or have been canceled altogether. Independent developers, focusing on smaller projects that involve lower financial risks, can be implemented much more expeditiously.

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