Kerry’s High-Wattage Energy Plan

BusinessWeek.com discusses John Kerry's plan to increase alternative energy usage for the country. John Kerry's blueprint for energy independence doesn't suffer from lack of ambition. In early August, he'll unveil an energy plan that he says can break America's addiction to foreign oil, revitalize the U.S. auto industry, help farmers and coal miners, fight global warming, and create jobs all for just $2 billion per year. "We can live in an America that is energy independent," Kerry promises.

Maxwell’s Misreported Revenue: More to Come

Tom Konrad CFA On March 7th, Maxwell Technologies (NASD:MXWL) announced problems with revenue timing.  Unlike Lime Energy (NASD:LIME), which I discussed in the previous part of this series, there was no hint of any fictitious revenue.  The disclosure was very specific that “The errors relate to the timing of recognition of revenue from sales to certain distributors.”  The announcement went on to discuss “arrangements … regarding the payment terms for sales” at these distributors.  As a result of the discovery, “certain employees were terminated and our Sr. Vice President of Sales and Marketing resigned.”  Maxwell is reviewing deficiencies in...

Northern Power Systems to Supply Northwind(R) 100 Wind Turbines to Alaska Village Electric Cooperative

Northern Power Systems, Inc., a subsidiary of Distributed Energy Systems Corp (DESC) has been awarded a $1.9 million contract from Anchorage-based Alaska Village Electric Cooperative (AVEC) for seven of Northern's NorthWind® 100 wind turbines. The advanced-design 100 kW wind turbines will generate renewable electric power for 3 remote communities, in western Alaska, served by AVEC. As part of the contract award, Northern will provide on-site installation and commissioning services of the turbines in the harsh Alaskan environment. It is the first stage in a broader effort through which AVEC will be integrating wind into more of the 51...

Another State Mandate for Alternative Energy

Right on the heels of Colorado passing Amendment 37, Pennsylvania is waiting for State House approval on the passage of their own legislation mandating clean energy production. This new bill states that by 2020, utilities would be required to provide 18 percent of the electricity used in Pennsylvania from alternative sources, like wind, solar and waste coal. Wind should be the big winner for this region.

AAER: Tailwinds Or Hot Air?

Charles MorandLast week, I added a little to my position in AAER (AAERF.PK). I first took a long position in AAER, the Canadian-based MW-size wind turbine maker, over two years ago. I've since pared down it significantly, both because I wanted to take some profit after a meteoric rise in share price in Q4 2007 and later because of the company's seeming inability to get orders for more than a couple of turbines at a time. Although there was, before the credit crisis hit, a severe shortage of wind turbines and wind turbine components, barriers to...

Western Wind Expects Full Cash Grant for Windstar

Tom Konrad CFA The Windstar Wind Farm. Photo credit: Western Wind Energy On July 10, shares of Western Wind Energy (TSX:WND, OTC:WNDEF)plummeted because of a $12.2 million shortfall in the 1603 cash grant from the US Treasury for the company’s Windstar wind farm compared to the application.  In order to reassure skittish investors, the company held a conference call on Monday, July 16. On the tenth, I thought that investors should write off the 1603 cash grant shortfall, despite the fact that the company intended to send a delegation...

Wind Power in Hawaii

Hawaiian Electric Industries Inc (HE) has begun a one-year study to verify the wind energy potential on the ridges above the company's Kahe Power Plant. The study began in April of this year to monitor wind speed, direction and turbulence so the utility can confirm the area's potential to generate electricity with wind. Recently completed high-resolution wind resource maps indicate that the ridges above Kahe have one of Oahu's strongest wind resources.
offshore wind

List of Offshore Wind Stocks

Offshore wind stocks are publicly traded companies whose business is involved in the construction or ownership of offshore wind farms and turbines. General Electric (GE) Equinor ASA (EQNR) NaiKun Wind Energy Group Inc. (NKW.V, NKWFF) Northland Power Inc. (NPI.TO, NPIFF) Orsted (ORSTED.CO, formerly DENERG.CO) Siemens Gamesa Renewable Energy (GCTAF, SGRE.MC) Sif Holding NV (SIFG.AS) Vestas (VWS.CO, VWSYF, VWDRY) If you know of any nuclear energy stock that is not listed here, but which should be, please let us know in the comments. Also for stocks in the list that you think should be removed.

On the Edge of the Subsidy Cliff: Will the US PTC Expire?

Steve Leone Sen. Mark Udall Colorado Senator Mark Udall is persistent by nature. He's a mountain climber who has scaled some of the world's most daunting peaks, from Mount McKinley in Alaska to Mount Aconcagua in the Andes. That dogged pursuit has served him well in his recent career spent navigating the perilous cliffs of Washington's Capitol Hill. And now he has at least one more mountain to climb the seemingly intractable extension of the Production Tax Credit (PTC), the wind industry's defining subsidy and the...

List of Wind Farm Owner and Developer Stocks

Wind farm owner and developer stocks are publicly traded companies that site, permit, develop, construct, own, or operate wind farms for producing electricity. This list was last updated on 3/22/2022 Acciona, S.A. (ANA.MC, ACXIF) Adani Green Energy (ADANIGREEN.NSE) Algonquin Power and Utilities (AQN, AQN.TO) Atlantica Yield PLC (AY) Atlantic Power Corporation (AT) Avangrid, Inc. (AGR) Boralex (BLX.TO, BRLXF) Brookfield Renewable Energy Partners (BEP) China Longyuan Power Group Corporation Limited (0916.HK, CLPXF) China Ruifeng Renewable Energy Holdings Limited (0527.HK) Orsted (ORSTED.CO, formerly DENERG.CO) E.ON AG (EONGY) Enel SpA (ENEL.MI, ESOCF) Greencoat UK Wind (UKW.L) Infigen Energy Limited (IFN.AX, IFGNF) Innergex Renewable Energy Inc. (INE.TO, INGXF) Neoen S.A (NEOEN.PA) NextEra Energy Partners, LP (NEP) NextEra Energy, Inc. (NEE) Nordex AG (NRDXF, NDX1.DE) Northland Power Inc....

The Grid Impacts of Net Metering

Net metering describes the requirement that an electric utility buy electricity from any of its customers that generate their own electricity (usually with some sort of renewable energy, such as solar or wind) at the same price that they sell it to the customer.  That seems fair, doesn't it? The Utility Perspective It doesn't seem fair to the utility.  Utilities do more than just generate and sell electricity to customers.  They also are responsible for transmission (delivering the electricity) and reliability (making sure that the lights work when you flip the switch.) Taking just the reliability requirement, suppose that...

Why Did Finavera Wind Energy’s Stock Crash?

Tom Konrad CFA A month ago, I was convinced that Finavera Wind Energy’s (TSX-V:FVR, OTC:FNVRF) stock was only temporarily trading at depressed levels in the low 20 cent range because investors were disappointed at the deal with Pattern Energy.  Many shareholders had been hoping for an outright sale, and were selling into the thinly traded holiday markets.  I predicted that Finavera stock would “quickly rebound to at least the C$0.30 range over the next few days or weeks, as liquidity returns to the market, and investors revalue the stock based on the agreement with Pattern.”...

SBM Offshore Trades Offprice

by Debra Fiakas CFA The November 8th post “Trident Winds Floats a Plan for Morro Bay” described plans for one of the first wind energy projects off the western shores of the U.S.   Trident has perfected new technologies for a floating platform that makes possible the location of wind turbines in areas where ocean depths prohibit conventional wind turbines towers anchored to the sea floor.  Investors interested in wind energy technology do not have to wait for Trident to prove out to get a stake in ‘floating offshore’ wind energy.  Based in Europe, SBM Offshore (SBMO: ...

Google Buying Pattern Energy Wind Farm

By Jeff Siegel Google announced yesterday that it has ponied up $75 million for a wind farm in Carson County, TX. In it's lock box of wind farm assets, this is number 15 for the Internet giant. Patterson Energy Group (NASDAQ:PEGI), one of my top picks for 2014, is developing the project, which provides enough juice to power 56,000 homes. As I wrote last year, Pattern Energy Group is an independent power company that owns and operates eight wind power projects in Canada, the United States, and Chile. Total owned capacity...

Change Winds Blow for Renewable Energy Income Trusts

Renewable energy is still very much in its infancy, which means that companies in the space are either profitless or high-multiple startups, or divisions of much larger companies (GE Wind (NYSE:GE), or utilities such as FPL Group (NYSE:FPL) and Xcel (NYSE:XEL) which get much of their power from conventional generation.) This presents a dilemma for investors who understand the compelling drivers for the sector, but whose risk tolerance or financial needs indicate an income-based investing strategy. Canadian Income Trusts in Renewable Energy A few Canadian Income Trusts have historically gone some way towards filling this niche....

AMSC Consolidates US Wind Operations To Focus on Europe

Meg Cichon AMSC (NASD:AMSC) will shutter its manufacturing facility in Middleton, Wisconsin by the end of 2014, but hopes to fold its product development operations and employees that are willing to relocate into its headquarters in Devens, Massachusetts, which recently underwent a workforce reduction. While it consolidates its U.S. workforce, AMSC plans to open a new wind turbine controls manufacturing facility in Timisoara, Romania in 2014, which will serve all of its clients outside of China. Its Chinese facility will continue to cater solely to China customers. With this move, AMSC corporate communications manager Kerry Farrell said it has...
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