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...
Book Review: Investment Opportunities for a Low Carbon World (Wind + Solar)
Charles Morand Tom and I recently received complimentary copies of a new book called "Investment Opportunities for a Low Carbon World", edited FTSE Group's Director of Responsible Investment Will Oulton*. The book is a compendium of articles by 31 different authors broken down into three main categories: (1) environmental and low-carbon technologies; (2) investment approaches, products and markets; and (3) regulation, incentives, investor and company case studies. While Tom will provide a comprehensive review of the book once he's finished reading it in its entirety, I will instead review a few selected chapters over...
Ming Yang To Build 300 GW Chinese Wind Farm
Doug Young Wind power company Ming Yang (NYSE: MY) became China’s latest new energy equipment maker to dip its toe into project finance and development last week, when it announced a new plan for a massive wind farm project in Jiangsu province. Its announcement follows similar moves by many of its peers from the solar sector, and comes as Beijing embarks on a broader plan to clean up China’s air through initiatives like clean energy development. Plans like Ming Yang’s will certainly help China to meet its ambitious goals; but they also carry a huge burden and...
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.
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...
Western Wind Energy Receives $78.3M Cash Grant: Good News, Bad News
Tom Konrad CFA The Windstar Wind Farm. Photo credit: Western Wind Energy Western Wind Energy (TSX-V:WND, OTC:WNDEF)recently announced that it had received the much delayed 1603 cash grant for its 120 MW Windstar wind farm, which was completed last year. Good News, Bad News The good news is that the grant was finally issued after over a month and a half after the Treasury’s normal 60-day cycle of considering the grants. This will come as a relief to investors who may have been wondering if the grant might be denied, although I concluded...
ENDESA Starts up Three New Wind Farms in the Province of Soria for an...
ENDESA (ELE) has started up the Estoncala, Jupiter and Saturno wind farms, located in the north of the province of Soria, in the Sierras of Alba and Montes Claros, near the villages of Santa Cruz de Yanguas, Villar del Rio, Vizmanos, Las Aldehuelas and Arevalo de la Sierra. The three wind farms have a combined installed capacity of 47.2 MW and are equipped with 59 GAMESA AE-56 wind turbines, made in Spain and with a unit capacity of 800 kW each.
Gamesa Blows Siemens a Valentine
by Debra Fiakas CFA Spain’s wind turbine manufacturer, GAMESA Corporation (GTQ1: Berlin; GAM: Madrid; GCTAF: OTC/PK), has been under pressure lately to spread profits over a hefty debt load. The November post entitled The Wind in Spain is Mostly in GAMESA, noted the expanding product line and building customer base. Backlog at the end of September 2015 was 3,034 megawatts, representing a 43% increases over backlog a year ago. Robust sales and higher profit margins have generated strong cash flows and GAMESA has been able to pay down debt. During the first nine months of 2015...
Finavera to Sell Wind Project for Three Times Its Market Cap
Tom Konrad CFA On July 23rd, Finavera Wind Energy (TSXV:FVR, OTC:FNVRF) announced a deal to sell its 77 megawatt Wildmare Wind Energy Project to Innergex Renewable Energy (TSX:INE, OTC:INGXF.) The sale will come as a great releif to Finavera’s long-suffering shareholders, who have seen the stock halve in value since the start of the year. I included Finavera in my annual list of clean energy stocks this January because, even at the time, Finavera was trading at a fraction of the value of its wind projects, despite a weak balance sheet. Since then,...
US wind energy to add 2,500 MW in 2005-industry
FPL Group Inc (FPL) The U.S. wind energy industry will add as much as 2,500 megawatts of new production capacity in 2005, more than previously expected, the American Wind Energy Association said on Tuesday. A megawatt of wind capacity can provide roughly the amount of electricity needed by 250 to 300 households, so the new forecast translates into the equivalent of power for some 700,000 homes, the group said.
Warm Wind For Vestas
by Debra Fiakas, CFA
A stream of impressive news has been delivered by wind turbine producer Vesta Wind Systems AS (Copenhagen: VWS.CO, US OTC: VWSYF, US ADR: VWDRY) over the last few weeks. Over the last two months the company has received orders for wind power turbines totaling 3,781 megawatts. Customers in the U.S. appear to be quite shy, withholding their names and the final destination of the power projects. Nonetheless, the more transparent European, Chinese and Brazilian customers provide a good view on how well regarded Vestas has become.
Business has been so good Vestas is opening a new nacelle and hub assembly factory in...
FPL Group, Inc. Recognized in Global 100 Most Sustainable Corporations in the World
FPL Group Inc (FPL) announced today that it has been recognized on the first, annual list of Global 100 Most Sustainable Corporations in the World. FPL Group, Inc. is one of only 100 companies chosen from 2000 of the world's largest corporations whose sustainability performance falls within the top five percent of their business sector. The company is part of a select group of only 20 U.S.-based companies included in this special recognition. FPL Group was selected based on its ability to manage the triple bottom line - society, environment and economy.
Global wind energy capacity seen tripling by 2014
The global wind energy industry is expected to enjoy continued strong growth in coming years with total installed capacity seen more than tripling from current levels by 2014, an industry survey showed on Tuesday. Over the next eight years, international installed capacity is expected to increase to about 210,000 megawatts from today's installed total of about 59,000 megawatts, a study by the German Wind Energy Institute (DEWI) showed.
Western Wind Energy Corp. Signs Turbine Supply Agreement with Mitsubishi Power Systems
Western Wind Energy (WNDEF.OB) announce that it has executed a formal turbine supply agreement with Mitsubishi Power Systems. Mitsubishi Power Systems will supply Western Wind Energy with an initial 15 one-megawatt MHIA 1000A wind turbine generators, for Western Wind Energy's 15-megawatt steel park wind project in Arizona for delivery of October of this year. The turbine supply agreement further calls for the supply of up to an additional 900 megawatts of wind turbine generators for future projects. A delegation from Western Wind Energy will be traveling to Japan next month to inspect the new 2.4-megawatt Mitsubishi wind turbine...
What A Portfolio Approach To Climate Policy Means for Your Stock Portfolio
Portfolio theory can lend insights into which carbon abatement strategies policymakers should pursue. If policymakers listen, what will it mean for green investors? Tom Konrad, Ph.D., CFA Good Info, Not Enough Analysis I've now read most of my review copy of Investment Opportunities for a Low Carbon World. The quality of the information is generally excellent, as Charles has described in his reviews of the Wind and Solar and Efficiency and Geothermal chapters. As a resource on the state of Cleantech industries, it's generally excellent. As an investing resource, however, it leaves something to be desired. Each chapter is written...
Endesa Reports 52 Percent Rise in Profit
ENDESA (ELE) reported a 52 percent increase in third-quarter profit Wednesday and said it will distribute almost 2.12 billion euros ($2.48 million) in dividends for the year. The company said it will pay out nearly 2 euros ($2.34) a share in dividends for 2005. The increased dividend is an attempt to ward off a hostile takeover attempt by Gas Natural. The stock way paying an almost 4% dividend yield and this move takes the divendend up near 12% with the special payout. Today I purchased the second third of my planned holdings for ELE in ...
