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Money is flowing into alternative energy companies so fast that "the warning signs of a bubble are appearing," according to a report on investment in clean technology by a New York research firm, Lux Research.

Matthew M. Nordan, president of Lux, said that the amount of venture capital put into clean energy investments last year was $1.5 billion, up 141 percent from the $623 million of 2005, and that in the same period, initial public offerings by companies in this sector rose to $4.1 billion, from $1.6 billion in 2005.

The investors, and the companies they finance, are chasing an enormous market. Mr. Nordan pointed out that China planned to derive 10 percent of its electricity from renewable sources, not counting large hydro projects, by 2010.

 Courtesy by New York Times

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