"New wind-farm activity has slowed as developers, wind-turbine equipment manufacturers and their financing sources are waiting to see what government benefits can be expected," CEO and Chairman Zsolt Rumy said in a statement. "Although project cancellations are very uncommon, a number of them are on hold until the economic uncertainties are cleared up."

The alternative-energy sector has run smack into a credit crisis, probably a recession as well, and almost all industry experts think the fourth quarter is going to be worse. ...The reality today is that it's more expensive to produce renewable energy than it is from traditional resources, and consumers suddenly strapped for cash will start moving away, said Jerry Taylor, a senior fellow at Cato Institute. Even proponents are slowing the move toward alternative energy, at least for the moment.

For all the support that the presidential candidates are expressing for renewable energy, alternative energies like wind and solar are facing big new challenges because of the credit freeze and the plunge in oil and natural gas prices. ...after years of rapid growth, the sudden headwinds facing renewables point to slowing momentum and greater dependence on government subsidies, mandates and research financing, at a time when Washington is overloaded with economic problems.

Babcock & Brown Ltd.'s fight to avoid becoming Australia's next victim of the credit crisis may depend on convincing bankers that it can sell assets in a market where others have failed. Babcock slumped 51 percent in Sydney trading since Nov. 6, when ABN Amro Holdings NV analyst John Heagerty said the owner of wind farms and real estate may breach loan agreements next year. ...Babcock said June 16 it was "confident'' the wind assets would be sold this year -- an assumption Heagerty said may prove too optimistic. "The sale of Babcock's wind assets is likely to be postponed further given the difficulties for the acquirers in obtaining financing,'' he said.

The U.S. government is committing billions of dollars to support renewable energy such as wind- and solar-power plants. Some say it should use more of that financial clout to encourage less energy consumption in the first place. Advocates of conservation, including businesses that help homeowners and companies save energy, think there should be more subsidies and tax incentives for basics like insulation and window shading, and for newer, more costly products like light-emitting-diode lamps and building-automation systems.

U.S. President Barack Obama, whose administration has made clean energy a top priority, told reporters the bill "ushers in a critical transition to a clean energy economy..." But opponents say it will amount to a heavy tax on industry that will put people out of work. Over time, the cap becomes more stringent to reduce carbon emissions, causing the cost of permits to surge and forcing factories to relocate to Asia, critics said.

Clean energy has a dirty secret. It isn't cheap. Consumers already are starting to feel at least a modest pinch in their electric bills. The impact is expected to grow in the next few years as utilities accelerate their investments to meet state quotas requiring a portion of clean energy in their generation mix.

Windmills and solar panel arrays have become symbols of America's growing interest in alternative energy. Yet as Congress begins debating new rules to restrict carbon dioxide emissions and promote electricity produced from renewable sources, an underlying question is how much more Americans will be willing to pay to harness the wind and the sun.

Renewable energy projects, which can cost hundreds of millions of dollars to construct, are singularly dependent on a small cadre of institutional investors to put up money in return for tax credits and early electricity generation revenue. And many of the biggest backers of renewable projects are on shaky ground or have disappeared altogether, saddled by bad bets in the housing and consumer credit markets. Among them: bankrupt Wall Street giant Lehman Brothers Holdings.

A growing number of advocates, among them Governor Corzine and President Obama, believe that energy efficiency and renewable energy could not only help the environment but replace jobs lost in the recession. Critics, however, say that's an expensive and unproven way to create jobs that will destroy jobs in other sectors, and in many cases will be little more than putting a green veneer on existing trades. "If you spend a billion dollars, sure you will create jobs," said William T. Bogart, an economic professor and dean of York College of Pennsylvania. "The question is, on net, how many?

On the campaign trail, Mr. Obama argued that spending $150 billion over the next decade to boost energy efficiency would help create five million jobs. ...Critics say analyzing only new green jobs misses half the story. "It's not looking at the other side of the coin: You are spending more money for your energy," says Anne Smith, a vice president at CRA International. ...gains in green jobs would be "more than offset" by job losses elsewhere in the economy.

Fortune's eco-blog, Green Wombat ran a story under the headline, "Wind jobs outstrip the coal industry." ...But it's a bogus comparison. According to the wind energy report, those 85,000 jobs in wind power are as "varied as turbine component manufacturing, construction and installation of wind turbines, wind turbine operations and maintenance, legal and marketing services, and more." The 81,000 coal jobs counted by the Department of Energy are only miners.

The nation's severe credit crisis is dimming the appeal of a long-awaited extension for renewable-energy tax credits. After months of delays, Congress finally passed the extension Oct. 3 - just in time for the alternative-energy industry to face the full brunt of the upheaval in financial markets that has sharply reduced commercial lending. Some wind- and solar-energy projects are moving forward under the impetus of the renewed tax credits. But many others are on hold as developers compete for a trickle of available financing.

A draft utility industry analysis of comprehensive climate change legislation awaiting Senate floor action concludes that the bill would sharply raise electricity prices, force many utilities to switch from coal-fired generation to natural gas, and impose an average cost of $1,500 on every U.S. household beginning in 2015. ...Fuel-switching by 2020 would increase natural gas wellhead prices by 22% above projected levels, while prices for coal, which now produces roughly half of all electricity, would fall to 30% by that year as more than 37% of existing coal-fired generation would be retired, CRA said.

Nobuo Tanaka, executive director of the International Energy Agency, says it is "inevitable" that the manufacturing of renewable energy components - mainly solar modules and wind turbines - will move to China and, to a lesser extent, India. "The PV cells made there are not of as high a quality yet [as those made in Europe] but they will get there." This view is echoed by George Frampton, former chairman of the White House Council on Environmental Quality and a member of the Obama campaign's transition team. He says: "There is a very strong momentum. And it's not just because of the cost, it's also that I'm not that optimistic that this market is going to boom in the US."

Renewable energy's gone in the space of a few months from market darling to whipping boy. Shares in solar- and wind-power companies have suffered even more than the market at large. The outlook for new projects is growing increasingly cloudy. But that's not because renewable energy suddenly got uglier. It's because of the fallout from financial-market turmoil ..."Natural gas at $6 makes wind look like a questionable idea and solar power unfathomably expensive," said Kevin Book, a senior vice president at FBR Capital Markets.

Goldman Sachs on Tuesday slapped sell ratings on the two largest publicly traded U.S. solar power firms, with the broker flagging the possibility of oversupply as overseas subsidies dry up in the face of the global economic meltdown. Goldman analyst Michael Molnar forecast "strong headwinds for valuation" as he downgraded shares of First Solar (FSLR) to conviction sell from buy and SunPower (SPWRA) to sell from buy.

(TRENTON) – The Blue Ribbon Panel on Development of Wind Turbine Facilities in Coastal Waters today announced their interim report is publicly available and a public meeting has been scheduled to solicit feedback on the report. Acting Governor Richard J. Codey established the Blue Ribbon Panel by executive order last December. The panel is charged with studying the costs and benefits of developing offshore wind turbines. The interim report represents the progress to date toward meeting Codey’s mandate.