Searching for Deeper Pockets
The Wall Street Journal
APRIL 26, 2009, 10:25 P.M. ET
UPFRONT
Power Plays
The latest on alternative-energy deals from Dow Jones Clean Technology Insight
Amid tight credit and tough market conditions, clean-technology companies without large backers are looking to better-capitalized suitors. This trend became apparent in the solar-power industry over the past few weeks.
"There are a lot of thinly capitalized developers who are struggling to figure out how to develop projects," says Arno Harris, chief executive of Recurrent Energy Inc., who sees that weakness as a buying opportunity.
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