Thursday, 1 Mar 2012 | Posted By:
| Source: CNBC.com
Even as certain tax credits and funding from Washington have dried up, U.S. states remain in competition for clean energy funding, especially from venture capitalists.
Ananda Krishnan, ranked by Forbes as Malaysia's second-richest man, has put his entire power portfolio up for sale in a deal that could fetch more than $2 billion, three sources familiar with the matter told Reuters on Wednesday.
The U.S. Commerce Department said on Thursday it was launching an investigation that could lead to steep import duties on more than $100 million worth of wind energy towers from China and Vietnam.
With uncertainty and volatility big issues much like last year, money managers say go for high dividend-paying stocks and sectors such as healthcare, consumer staples and utilities.
Australia's government will lead a renewed push for the privatization of state electricity assets after warning the country urgently needed energy market reform and huge investment to meet power demand at home and abroad.