Financial Times FT.com

Renewable projects face risk-averse culture

By Anna Fifield and Kevin Sieff in Washington

Published: November 12 2009 17:57 | Last updated: November 12 2009 17:57

Tom Carnahan knew his timing was poor. After all, he was trying to finance the development of his $350m, 150-megawatt wind farm in Missouri in the aftermath of a debilitating financial crisis.

“We went out to the usual suspects and they said this was something they would have funded six months ago, but that they were not doing any business or making any loans, even for the best projects,” he says.

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