INDEED, carbon-offsetting companies like the nonprofit Bonneville Environmental Foundation, which sells Green Tags (certificates that finance wind and solar power projects) to replace traditional polluting sources of electricity, have seen a surge in business.
About a dozen other privately financed offshore wind projects are in various stages of development.
Mr Kerr later told MPs on the Scottish Affairs Committee (SAC) that Sir Robert McAlpine Ltd paid the £5,000 fine, as well as providing finance to wind up the association.
Instead of financing "giant wind turbines" — a power source he has long criticized — "I'd much rather spend that money on energy research".
"What's fascinating is — to finance these wind projects, it's hundreds of millions of dollars," Mr. Bowman said, "and what is backstopping that entire investment is somebody saying, this wind project is going to produce this amount of energy each year for the next 20 years.
He also worries that the fund's creation suggests "we now have an entire market that's deemed too big to fail .Even those who support the fund admit that it is, at best, a temporary solution, buying time so SIVs can find other sources of finance or wind down gracefully.
Terra-Gen Power announced closing $1.2 billion in construction financing and wind turbine orders.
The same holds true for financing big wind farms.
The World Future Council report proposes using the fund to create a vast program of financing solar, wind and other renewable electricity technologies for developing countries, providing guaranteed market prices for renewable power in those countries to spur investment.
