NY promotes 'Finance-driven' Renewable energy industry

Although the renewable energy industry saw over US $100 billion in global market activity, 14 percent of global venture capital investment and accounted for roughly one-third of new U.S. electrical generation capacity last year

According to another report from Navigant Consulting, the wind industry could see the loss of 76,800 jobs and US $11.5 billion dollars in economic activity. Many in the industry estimate that up to 6 gigawatts (GW) worth of projects could be derailed at the end of 2008 and throughout 2009. In addition, the solar industry could see a 465-megawatt (MW) reduction in demand for PV modules if they do not get an ITC extension. Navigant estimates that around 39,400 jobs and US $8 billion in economic activity would be lost.