Some good news on renewables

And this doesn't even come from Norway! From The Guardian:

The past few months have seen record levels of investment in renewable energy amid fears that high oil prices are here to stay.

Last month, Impax, an investment group focusing on alternative energy, successfully raised 60m Euros (40m pounds) in the first tranche for a new equity fund, New Energy. The new fund, that will target renewable energy projects mainly in western Europe, aims to grow to at least 125m Euros within 12 months.

With the current interest in green energy - wind, solar and biomass - New Energy should have no trouble reaching its target. Alternative energy as an investment is currently very much in vogue. What was notable about New Energy was that it attracted interest from some big financial players....