REFF Creates Ripples in the Clean Technology Industry
The Renewable Energy Finance Forum (REFF) held in New York this week is the annual event where industry leaders and wannabes meet and greet. It is a barometer of the industry's self confidence and prospect assessment. This is the year of the "game face." There is serious concern about industry prospects, notably sustained demand for wind. Solar's costs are declining, but sustained market interest in the absence of feed in tariffs, strong Renewable Energy Standards/RECs availability, is still problematic. The absence of US players and US banks in the project finance market drew notice. The effect on energy price points of shale gas on renewables competitiveness in particular, was noted as a major threat, as was the declining prospects of systematic carbon regulation.
Biomass: State of the Industry
I attended the recent Department of Energy Biomass industry conference in late March. The atmosphere was very positive, and unlike other events where there is substantial uncertainty, the companies and participants were nearly uniformly optimistic about the state of the industry. A couple of companies were openly discussing filing for IPOs in late 2010 or early 2011. They seemed to be realistic goals. Many of the companies in attendance were pleased with the fact that the timeframe for DOE grants, after having slown down the industry as a whole, has been met and that money from that sector is flowing. Private market participants indicated that this would help them fund companies.








