CleanTech OC Daily - 11/7/12

Wednesday, November 7, 2012

U.S. Companies Woo Chinese Investment
A recent Wall Street Journal article covered a rapidly changing dynamic in investment markets: the growth of Chinese investment in U.S. companies.  The WSJ story highlights a recent Chinese investor roadshow that travelled all over the U.S. Tellus, who has a scrap tire recycling technology, has been selected as one of the top 25 of 100+ companies that participated in the roadshow.

In the past, President Obama said he wants to make the production tax credit permanent for the wind industry. Even with the President’s win yesterday, extending the PTC will require cooperation of a divided Congress. If the PTC is extended, the industry will need twelve months to twenty-four months to get back on their feet after unavoidable layoffs and factory closures.

Will the new bill increase US energy sector competitiveness?
A bill currently before Congress could enable renewable energy companies to get the same tax and funding benefits that fossil fuel companies enjoy. The Master Limited Partnerships Parity Act would let renewable companies form businesses that are taxed as a partnership yet can be publicly traded as stock. This means they could get more investment and pay less tax. Ultimately, renewable energy companies could get access to cheaper funding which would enable growth in the sector.

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