October 9, 2008 - Exclusive By David Ehrlich, Cleantech Group Big geothermal backer Glitnir goes into receivership in Iceland, and we spot 20 other deals over the past week. Mountain View, Calif.-based Google (Nasdaq: GOOG) may be stealing headlines lately as a big-named backer of geothermal power, but Iceland's Glitnir Bank has been at it a lot longer. But those boom times for Glitnir are likely headed for the slow lane these days. A leading geothermal investor in North America and elsewhere, Glitnir has been put into receivership amid a significant hit from the global credit crunch on the small country's economy. Glitnir, which focuses on the seafood and geothermal industries, was initially nationalized along with the country's other major banks, but has now been handed over to financial regulators. "Glitnir Bank would like...
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