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.
Newsweek Special Report
"Experts generally agree that our current reliance on fossil fuels is unsustainable. Already oil is near $50 per barrel, and the great millions of Chinese and Indians destined to take to the road in the next decades have not yet gotten behind the wheel." This week Newsweek has written several special reports about alternative energy in all its forms. All of these reports can be found at the following link.
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...
Opposite Day Blows Wind Tower Stocks Offshore
Tom Konrad CFA Offshore Wind Farm photo via Bigstock Wind tower stocks having opposite day, or rather opposite week. When US-based wind power companies won a preliminary injunction to impose countervailing duties in a trade dispute against China, their stocks fell. They have continued to fall for the four trading days since the announcement. In fact, as the chart and table below show, wind tower stocks Trinity Industries (NYSE:TRN) and Broadwind (NASD:BWEN, red) have fallen more than the wind industry stocks as a whole (NYSE:FAN, green) and Siemens AG (NYSE:SI), the German energy...
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...
Offshore Wind Investment Opportunities
By Harris Roen A significant alternative energy investment theme with potential for growth over the next few years is offshore wind. This article looks at the promise of marine based wind, potential pitfalls, and names three investments that could benefit from large-scale offshore wind development that is likely coming. The Potential of Offshore Wind In 2011, the U.S. Department of Energy and the U.S. Department of Interior jointly published a national offshore wind strategy. According to the report, in areas with less than 100 feet of water the generating potential of offshore wind equals...
The Production Tax Credit & The Year Ahead For US Wind
Even though solar - and especially solar PV - has managed to capture the lion's share of public equity investors' attention over the past three years, wind remains far more competitive with with fossil-fired power generation on a cost basis than solar, and thus presents a fundamentally stronger investment case for the time being (and I emphasize for the time being). What's more, wind as an industry is more mature than solar; for solar, the lack of earnings for many companies and the wildly inflated PEs for others make the sector potentially volatile and risky for investors. While...
Investors Expect Rapid Growth At Pattern Energy Group
Tom Konrad CFA Pattern Energy's Gulf Wind Farm in Armstrong, Texas Disclosure: Long BEP. Pattern Energy Group (NASD:PEGI, TSX:PEG) completed a very successful Initial Public Offering (IPO) on the Nasdaq and Toronto stock exchanges on September 27th. Not only did the shares price at $22, near the top of the expected range, but the underwriters exercised their full over allotment option to purchase 2.4 million shares in addition to the initial 16 million offered. Total proceeds from the offering were $404.8 million. Most of the proceeds went to Pattern Energy Group, LP (PEGLP) in consideration for a...
FPL Energy Begins Commercial Operation of Weatherford Wind Energy Center
FPL Group Inc (FPL) announced that it has begun commercial operation at its 106.5-megawatt (MW) Weatherford Wind Energy Center, located near Weatherford, Oklahoma, and plans to expand the project by 40.5 MW. This brings the total capacity of the Weatherford Wind Energy Center to 147 megawatts. Construction on the expansion will begin in the near future and is expected to be completed by year end.
PSE Announces Intent to Buy 220 Megawatts of Wind Power; Utility seeking 100% ownership...
Puget Sound Energy (PSD) recently signed a letter of intent with Houston-based Zilkha Renewable Energy to obtain 100-percent ownership of Zilkha's proposed 220-megawatt (MW) Wild Horse Wind Power Project located in the eastern part of Washington state's Kittitas County. It is the next step in an ongoing process to acquire renewable energy as part of a strategic plan to secure low-cost, long-term diverse resources for its growing customer base.
Northern Power Systems to Supply Remote Power Systems in Alaska
Northern Power Systems, a subsidiary of Distributed Energy Systems Corp (DESC) has been awarded an approximately $800,000 contract for eight hybrid TelePower(TM) remote power systems. The 48VDC systems will supply power for a critical U.S. military application in Alaska. Each of the eight Northern TelePower systems will generate power through a combination of renewable sources consisting of a photovoltaic (PV) array with a single wind turbine and a pair of Thermo Electric generators to be used when the renewable sources are not adequate. The systems are designed to reliably operate year round in the harsh Alaskan environment, particularly...
Wind-Rail Convergence?
Taking a study break, I happened to see an article in the Denver Post bringing together two of my favorite clean energy themes: Efficient transport, and wind power. Rail transport has become essential to delivering windpower across the country. The full article is here: Rolling With the Wind.
Shares in Scottish Power and Endesa Purchased
Scottish Power plc (SPI) is an electrical generation and distribution company primarily focused in the UK. They have two subsidiaries that are based in the US, PacificCorp and PPM Energy. They are currently in the process of trying to sell PacificCorp to Berkshire Hathaway. PPM Energy is a company with extensive wind energy development and generation. Scottish Power also has extensive wind farms in Scotland and Europe. They are also developing off-shore wind power of the Welsh coast. This stock has been moving strong recently and it looks like it is building a base at the $40...
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.”...
List of Wind Power Manufacturing Stocks
Wind power manufacturing stocks are publicly traded companies whose business is involved in the development or manufacture of wind power equipment.
AB SKF (SKF-B.ST, SKFRY)
Broadwind Energy (BWEN)
China High Speed Transmission Equipment Group Co., Ltd. (0658.HK, CHSTF)
General Electric (GE)
Helix Wind, Corp. (HLXW)
Inox Wind Limited (INOXWIND.BO)
Nordex AG (NRDXF, NDX1.DE)
Sauer Energy, Inc. (SENY)
Siemens Gamesa Renewable Energy (GCTAF, SGRE.MC)
Sif Holding NV (SIFG.AS)
Suzlon Energy Limited (SUZLON.BO)
Toray Industries, Inc (TRYIF, 3402.T)
TPI Composites, Inc. (TPIC)
Trinity Industries (TRN)
Vestas (VWS.CO, VWSYF, VWDRY)
Xinjiang Goldwind Science & Technology Co., Ltd. (2208.HK)
If you know of any wind power manufacturing stock that is not listed here, but which should be, please let us...
Alternative Energy Gets Real
BusinessWeek has written an article about the investment opportunities available int he Alternative Energy marketplace. Renewable energy is booming. The use of solar power has been growing by more than 30% a year and, except for a hiccup in 2004 when Congress delayed renewing a tax credit so has wind power. Ethanol is heading for record production levels. And there's no end in sight, given high oil and gas prices, an increasing number of government mandates and incentives, and the first real steps toward tackling global warming. Clean Edge Inc., a research and strategy consultant, predicts...
