Obama Victory Also a Win for Greentech

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It's obviously outstanding news for the clean-energy sector," said Ethan Zindler, head of North American research for New Energy Finance. "An Obama win, coupled with pickups in the House and Senate for Democrats, is really good news."

Greentech industry insiders are cheering the election of Democratic candidate Sen. Barack Obama as the next U.S. president.

"It's obviously outstanding news for the clean-energy sector," said Ethan Zindler, head of North American research for New Energy Finance. "An Obama win, coupled with pickups in the House and Senate for Democrats, is really good news."

But Zindler added that not all Democrats favor renewables, and said a few more clean-energy supporters did win seats, including Republican Sens. Charles Grassley, R-Iowa, and John Ensign, R-Nev.

That will make it easier to get legislation passed, he said, pointing out a number of occasions when bills to extend renewable-energy tax credits failed by only a few votes before finally getting approved in October.

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