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The whole thing is happening without flashy ad campaigns, so it's not surprising if you've never heard of municipal solar financing. But the financing program, also known as property tax financing, is a veritable underground solar revolution. It all started in Berkeley, CA with the Berkeley FIRST Program, which allows homeowners to pay for solar panels through property tax bills over a 20 year period. The bills carry a fixed interest rate and stay with the house, so there's no need to worry about paying for panels on a house you don't live in anymore. The Berkeley program was so popular that California passed the AB811 bill to let any interested city in the state launch a similar program.

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It's a question we've heard a lot lately: "Who will lend me money to finance solar installations?" In fact, a couple of our readers, Reeves and Byron, were kind enough to send comments on the subject: "We've heard there are some articles out there showing that if you get the right kind of financing, your solar installation can be cash flow positive right away. Problem is, I can't find those articles."

The California city of Berkeley has approved a new financing scheme for loans to homeowners who install rooftop solar panels, a landmark programme that could inspire other US cities to follow suit. The Berkeley scheme would finance city-backed solar loans through a small addition to the property taxes of each participating home, eliminating the need to find up-front cash to install panels that can cost the average American upwards of $30,000.

Investment in renewable energy has hit a lull as private-sector money is drying up, but the bulk of government funding has yet to arrive. There was $13.3 billion in new investments in clean energy -- the term used to describe alternative energy such as wind farms, solar power and biofuels facilities -- in the first three months of 2009, down 53%, from a year earlier, according to a report Thursday from research firm New Energy Finance Ltd. The drop came mostly in bank-based financing for building new projects, the report says, as the credit crunch has caught up with this once high-flying sector.

At the recently held EWEC 2009 wind energy conference and exhibition most exhibitors agreed that while there has been a substantial business slowdown due to problems linked to obtaining wind project financing, an upturn in demand during the second half of 2009 is beginning to play out, at least in the U.S. Other exhibitors, on the other hand, were a bit more cautious pointing out that substantial numbers of unsold turbines from framework contracts failing to secure project finance are now floating on the wind market. Most interesting from a wind technology point of view is the V112-3.0MW switch away from a compact V90-3.0MW integrated gearbox and main bearing assembly to a 3-point gearbox support. The application of a permanent magnet (PM) type generator with full converter system in the V112-3.0MW is new for Vestas but not for the wind industry. New Technology Trends In what many wind industry insiders consider a major development trend, French aerospace companies EADS Astrium & EADS Composite Aquitaine announced their formal entrance into the wind industry. The French companies offer the wind industry advanced composite materials engineering, manufacturing and related know-how as well as rotor-blade manufacturing capacity.

New York City, United States [RenewableEnergyWorld.com] Close to US $155 billion was invested in 2008 in renewable energy companies and projects worldwide, not including large hydro. Of this $13.5 billion of new private investment went into companies developing and scaling-up new technologies alongside $117 billion of investment in renewable energy projects from geothermal and wind to solar and biofuels. The 2008 investment is more than a four-fold increase since 2004 according to Global Trends in Sustainable Energy Investment 2009, prepared for the UN Environment Programme's (UNEP) Sustainable Energy Finance Initiative by global information provider New Energy Finance. Of the $155 billion, $105 billion was spent directly developing 40 GW of power generating capacity from wind, solar, small-hydro, biomass and geothermal sources. A further $35 billion was spent on developing 25 GW of large hydropower, according to the report.