The credit market freeze, stock market devaluations and commodities markets collapse are having a chilling effect on clean energy projects around the globe.

Pickens delays world’s biggest wind farm project

T Boone Pickens, a renowned Texan oilman who is raising the capital for the wind farm, told a US television station today that the twofold problem was slowing down his ambitious plan. Pickens, who made a fortune from the oil industry but has been converted to renewable energy as a means of ending US dependence on foreign oil, announced the original plan for the wind farm last year and construction was supposed to start in 2010.

Chrysler Launches New Hybrids, then Cancels Production

In a sign of these strange economic times, Chrysler LLC is simultaneously preparing to launch its first hybrid vehicles and to shut down their production. Chrysler announced that it will close the Newark Assembly Plant in Newark, Delaware, at the end of this year, a move that will bring an end to the Dodge Durango and Chrysler Aspen in all their forms, including the new hybrids.

Evergreen Solar files suit against Lehman Bros.

Evergreen Solar Inc., a Marlborough manufacturer of solar power panels, said today it has filed suit against Barclays and Lehman Brothers in the Lehman Brothers bankruptcy cases. Evergreen Solar said it is demanding the immediate return of Evergreen stock shares loaned to Lehman Brothers in July as Evergreen Solar seeks to challenge Barclay’s ownership claim to shares transferred during Lehman Brothers bankruptcy proceedings.

FPL Group to cut spending, wind power growth

FPL Group, the largest operator of wind-power generation in the United States, said on Monday it would slash its 2009 spending because of the economic slump, reducing its wind turbine additions. The company said it would cut 2009 planned capital expenditures nearly 25 percent to $5.3 billion and add 1,100 megawatts in new wind-power generation rather than the 1,500 megawatts it originally had planned.

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