Alternative energy projects draw investors

June 13 - Sioux City Journal - Investors are willing to provide a surprising amount of financing for solar power and other clean energy projects, a financial expert told the Western Governors' Association on Monday.

"The amounts of investment are staggering," said Ray Lane, managing partner of a venture capital firm based in California. "There are plenty of investors who are not weak of heart who are ready to do that.

"Ten governors and the premiers of two Canadian provinces are meeting in Deadwood to discuss global warming and clean technology for energy production.Lane, managing partner of Kleiner, Perkins Caufield and Byers, said venture capital firms will fund about $30 billion in new technology enterprises this year, and $3 billion of that will be alternative energy technology. Read More.