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Stimulus Money Could Avert Cleantech Ch. 11s: PwC

Law360 (February 25, 2009, 12:00 AM EST) -- Swift disbursement of government stimulus money — ideally in the first half of 2009 — is needed to prop up stalled wind, solar and other clean technology projects and to prevent a wave of potential bankruptcies, according to a report released this month by PricewaterhouseCoopers.

Urgency surrounds numerous cleantech companies, which face a decline in tax equity structured financing from investment banks and insurance firms, the report said. Particularly at risk, the report said, are companies looking to raise large expansion rounds of financing and those...
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