Facing a dubious IPO and downward pricing pressure, First Wind announced on Thursday that it will put its plans to go public on hold.

The wind energy company, which first signaled its intention to go public way back in 2008, was expected to IPO this week but several analysts and media reports questioned investor demand, citing a heavy debt load, a lack of profitability and broader challenges in the sector.

Amid growing concern, the

SINGAPORE– On the eve of my trip to Indonesia last May, I was having dinner in Cape Town with someone from an investment firm that has been killing it in Asia. When I told him Indonesia was my first trip to Southeast Asia he almost spit out his Springbok, saying “My God! You are starting with the hardest one first!”

On the eve of this trip to