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Summary:

JPMorgan Capital Corp has invested $1.2 billion in wind projects so far this year, which is half of the total number of deals (for the US) in the sector, according to Dow Jones Cleantech Investor. So far this year, the bank has invested in six deals […]

JPMorgan Capital Corp has invested $1.2 billion in wind projects so far this year, which is half of the total number of deals (for the US) in the sector, according to Dow Jones Cleantech Investor. So far this year, the bank has invested in six deals for 12 wind farms that would generate 1,275 megawatts of power. Overall there are $3.8 billion in planned wind projects for the U.S. institutional equity market this year, which will deliver 3,900 MW.

John Eber, managing director and head of energy principal investments at JPMorgan, tells the newsletter that this year the firm is set to exceed its last year’s wind investments of $1.5 billion, even though the returns on wind (investments) have been decreasing for the overall industry. Investors have been betting on wind projects as states have mandated that utilities add more power from clean energy sources like wind.

But the cost of wind projects are still high. Last week the Long Island Power Authority said it is shuttering its plans to create a $700 million wind energy park due to the high cost.

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  1. Goldman Blows More Cash Into Wind Power « Earth2Tech Monday, October 1, 2007

    [...] As we reported in August, Goldman competitor JPMorgan (JPM) has invested $1.2 billion in wind this year (as of that report), which accounted for half of the total number of deals in the sector, according to Dow Jones Cleantech Investor. [...]

  2. trademark registration Friday, December 21, 2007

    A company as big as JP Morgan investing in so much of the US’s wind deals is great news indeed. Maybe they’re huge investment will spur other big-business energy companies to take a step in the same direction.

  3. Why Refundable Tax Credits Are Important for Clean Power « Earth2Tech Monday, January 12, 2009

    [...] recent acquisitions have brought big losses onto the books of major players like JP Morgan, which captured half of all U.S. wind deals in 2007, spurring them to rethink tax plans — and turn away from clean energy [...]

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