Stakes high for green energy as US election goes to the wire

Deeply-divided Americans vote on Tuesday with President Barack Obama holding a razor-thin lead over his Republican opponent Mitt Romney, an election that few political analysts thought would be this close even one month ago.

The election outcome holds major significance for the US clean technology sector, and especially its troubled wind industry. Obama and Romney bring two different visions of what role the federal government should play in support of alternative and renewable energy development.

Obama believes it should aggressively support “clean and green” technologies through grants, loan guarantees, subsidies and other mechanisms, while taking the lead in helping build scale for offshore wind and utility-scale solar on public lands. He favors renewal of the investment tax credit for offshore wind that expires next month.

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