Last week, California's first solar power plant in the 21st century Bakersfield near the grid. This shows that the development of large-scale renewable energy projects with good prospects, but also demonstrated its potential difficulties. Blue sky and white clouds in California, Gov. Arnold Schwarzenegger (Arnold Schwarzenegger) and other dignitaries announced that a total installed capacity of 5 MW solar cell manufacturers power plant marks the start of Austra alternative energy era, which will help to address warming, to build a green economy.

   Subsequently, the nation's largest utility company Pacific Gas and Electric Company (PG E) CEO Bite Da ratio (Peter Darbee) boarded the Podium (PG E with Austra signed a 177 MW power plant power purchase contracts), Tan from his analysis of the status quo. He said: "We all know now the capital market in trouble, has shrunk by 40%. Capital market in the future will distinguish between high-risk and low-risk projects, and those high-risk projects will not receive funding."

   Held in Santiago in the previous annual general meeting of the solar energy industry, renewable energy company executives for up to 11 hours this month, Congress passed a tax credit debate welcomed the policy. The policy allows for large-scale solar power plants enjoy up to 8 years of tax credit to promote the new project launched operations, ultimately helping the industry to achieve economies of scale and reduce solar electricity. However, in all participating parties on the occasion of rejoicing, three suits and ties, the seriousness of the man made slide speech has brought some bad news.

   The bad news from Wall Street. Large-scale solar projects to be launched, usually require the support of billions of dollars, but the credit crunch puts serious impact on the financing of these projects. Reason may seem difficult to understand, but actually more than just a few procedures. Congress passed the Renewable Energy Act is part of a package of bailout plan, which allows the construction of solar power plants Enterprises enjoy 30% tax credit.

But now most of the solar energy company start-ups, according to the Wall Street and Silicon Valley analysts view, these companies did not generate a profit, it can not be put into actual tax credit funds. Therefore, a solar energy company can only sell to another tax credit eligibility can use this preferential tax treatment in exchange for funds to enable the project started.

   So investors founded the so-called tax equity partnership program, a solar company agreed to provide funding in exchange for their tax credit eligibility solar projects. However, according to GE Energy Financial Services (GE Energy Financial Services) supervisor Tim Howell (Tim Howell) argument, investors' interest in such a partnership has been involved with both the reduction, on the contrary, with the increasingly The more solar projects licensed everywhere now on the market for solar projects tax credit qualifications. For example, the 1000-megawatt solar project will create up to $ 1.5 billion share of the tax credit.