The Chinese Solar Boom Grips Wall Street
from the let-the-sun-shine dept
One of the major beneficiaries of the increased interest in alternative energy has been ethanol, which has seen a surge in investment activity, despite questions about how efficient or "green" it actually is. Historically, one of the more bona fide alternative forms of energy has been solar power, although it has always been hampered by issues of cost effectiveness. But it appears that the technology may finally be getting its day in the sun, so to speak. The solar power sector has been well represented during the recent IPO boom, particularly firms from China, which have raised $1.1 billion collectively from public investors. Of course, by virtue of their being from China, these companies are taking advantage of two separate simultaneous booms.