Investors Returning to the Renewable Energy Sector?

As the economy soured, more and more renewable energy development deals were put on hold because the financing just wasn't there. The most high profile shelving was T. Boone Pickens' decision to mothball his massive wind energy project in Texas.

Now, however, with the economy showing signs of life, private equity investors are looking to put to work some of the cash they have been holding on their balance sheets. Add on government stimulus incentives for renewable energy development and we could be on the cusp of a new wave of alternative energy infrastructure development.

News of private equity investor Guy Hands' commitment ot acquire a controlling stake in EverPower for $350 million is all over the wires today. EverPower is a New York based wind energy concern that is developing projects in Oregon, Ohio, Pennsylvania and New York.