The Jacob Securities Inc. team was the first investment banking team in Canada to focus on renewables. In the last 4 years alone the Jacob Securities Inc. team has participated in over $1.8 Billion in renewable equity financing.
Green power is not cyclical; it is a consumer staple like food or water, and its growth is accelerating due to an improved regulatory regime and increasing public support. By definition, there is no cost of fuel for green power; the wind is free, running water is free, waves are free, and heat from a geyser or the sun is free. While the up-front cost to build a green power plant is expensive, costs are declining.
The cost to build a geothermal power plant today, is now less expensive compared to a coal or nuclear plant and wind farms are not far behind. This represents a vast improvement compared to just 10 years ago. The renewable power sector has been aided by industry decisions to choose standard designs, leading to substantially reduced construction costs. And momentum is growing – in 2008, the United States will institute a carbon cap and trade system, which will force conventional emitters to subsidize additional green power providers and further accelerate the move to green power.
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