Renewables floats light up market (London Stock ExCh Green IPOs)

[jpak]

http://business.timesonline.co.uk/article/0,,16849-2448545,00.html

The number of companies involved in renewable energy raising money on the London Stock Exchange has risen dramatically this year as the City establishes itself as the international market of choice for anti-global warming opportunities.

Initial public offerings (IPOs) for companies in the sector have risen from one in 2001 to an estimated 25 this year.

With public opinion moving towards a recognition that carbon dioxide emissions must be cut to stem the steady warming of the planet, alternative energy companies are finding favour with investors. In the first seven months of this year fifteen renewable energy companies listed in London, raising £490 million. Last year a total of 16 companies raised £353 million.

The destination for these flotations has been the Alternative Investment Market (AIM), with nearly a tenth of the money raised this year made by renewable energy businesses.

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