www.sqwalk.com/blog2008/001418.html -
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Published on: 11/15/2008
Last Visited: 2/1/2009
"Bankruptcies are a real risk," said Brent Goldman, a corporate finance partner in London at BDO Stoy Hayward.
They have already started.
Two weeks ago, VeraSun Energy, the second-biggest ethanol producer in the United States, filed for Chapter 11 bankruptcy protection.
While no solar or wind company has gone under, failures are inevitable, Mr. Goldman and others said.
...
Mr. Goldman, the BDO corporate finance partner, said the number of renewable energy initial public offerings on London's junior Alternative Investment Market (AIM) has fallen off a cliff.
There has been exactly one - an Irish company called Kedco, in October - this year compared to 13 in 2007 and 21 the year before.
The pace of mergers and acquisitions has also declined.
Mr. MacLellan and Mr. Goldman buy the doomsday scenario outlined by Mr. Buckee, the former Talisman chief.
...
"It's going through a hard time now, but clean tech will bounce back," Mr. Goldman said.
ARISE TECHNOLOGIES (APV)