Clean Energy Program | Report

Fire Sale: The End of American Ownership of Clean Energy

by Joshua Freed

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With Congress seeming to have abandoned the clean energy sector, American companies are fighting for capital, and survival. Others are moving in.

Third Way has found that this capital hole is beginning to be filled by funds from outside the United States. Chinese investment in the U.S. market jumped 130% in 2011 and a French company took control of the second-largest U.S. solar panel maker. Foreign investment in American clean energy is a great sign for the sector, jobs, and tax revenues. We support it. But we do not want the U.S to lose entirely our leadership in the clean energy sector and see domestic companies competing in a $2.3 trillion global market disappear.

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