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Patricia G. Hammes and Mitchell E. Menaker, partners at Shearman & Sterling, and Robert N. Freedman, counsel at the firm, write that the recent growth of the wind power industry was driven by a combination of demand-side growth generated by regulatory requirements, investment subsidies provided by tax-based incentives and a very liquid financing market. If this history is telling, they, say, it will likely take a similar mix to drive future growth in at least the near term.
July 06, 2009 at 12:00 AM
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