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WELWIND ENERGY INTL Message Board

  • starcutspin starcutspin Feb 12, 2009 4:00 PM Flag

    Financing

    A GE executive being interviewed about Wind Energy
    indicated that in general orders for equipment were being impacted because in customers were having some problems getting financing for their projects. Apparently official incentives are dropping off due to lower oil prices and the conflicting demands of the financial bailouts taking place. In this environment, if Welwind does have the hard committment for financing its projects, it puts them ahead, but that is a very big "if" it seems to me. (I believe GE has their own finanincg arm for their prime customers).

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