Last April the spot price of natural gas fell below $2 for the first time in more than a decade due to the fracking bonanza occurring in a number of states. Since then, however, gas prices have risen to more than $4.
While $4 is still cheap and concerning to many renewables investors, the very steepness of the rise is mitigating the effect it is having on wind projects, says Kevin Walsh, managing director of renewables for GE Energy Financial Services.
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