Green energy on a roll but experts warn of bubbles

Reuters
Thu Sep 17, 2009 12:33pm EDT
By Martin de Sa'Pinto

GENEVA (Reuters) - Investors betting on renewable or clean energy and related green themes are looking for healthy and sustainable returns, but the road is full of pitfalls for the unwary, investment managers warned on Thursday.

Attendees at the Jetfin Green 2009 alternative investment conference in Geneva heard that some alternative energy sources are now in a position to compete with more established sources, even in the absence of government subsidies.

"Renewable energy technologies are at a point where they are cost competitive with the grid, Copenhagen aside," said Walther Lovato, a portfolio manager at California-based asset manager Passport Capital.

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