Alternate Power: A Change Is In The Wind

The new dawn isn’t limited to solar power. An array of alternative-energy, energy-efficiency, and other green technologies — together known as “cleantech” — are beginning to boom. A host of forces is responsible for the trend: high prices for oil, gas, and coal; expanded government incentives and mandates; advances in technology that are reducing costs; concern over global warming; and investors looking for the Next Big Thing. “What has changed dramatically is the number of mainstream institutions that have decided they can make money in this area,” says Dan Reicher, president of New Energy Capital Corp. and a former top Energy Dept. official. “Who would have thought two years ago that Goldman Sachs would be investing in wind and solar power?”
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