In biomass, is that for combined heat and power plants?
We like what we see in solar thermal. From a cost of power standpoint, it competes very nicely–in the right market. It has to be in the desert market. We have an investment in one in the Mojave Desert that has been there since the late ’80s. Are there any areas that don’t look too good to you? Walsh: As I said, wind looks the best. In the area of biofuels–not to pat ourselves on the back–but we were concerned when we looked at corn-based ethanol. You’ve got on one side commodity risk with corn competing with food. You’ve got commodity risk on the other side competing with gasoline, and you definitely can get whipsawed by that. Some of these projects are going to get restructured. We saw some deals that had some very short-term hedges available, but they were looking for financing in a time period that goes beyond the time of the hedge, so we stayed clear of that. But we still think there will be some smart plays with cellulosic (ethanol) and biodiesel, which has better fundamentals
