Distributed Energy Systems Ends 2004 With Strong Fourth Quarter Revenues and Solid Backlog; Summarizes...
Distributed Energy Systems Corp (DESC) announced preliminary estimated full-year 2004 revenues of approximately $21 million, and preliminary estimated fourth quarter revenues of approximately $10 million. The Company also announced that its backlog of signed project and product commitments at year-end is approximately $25 million. This figure represents signed contracts covering energy projects for commercial and industrial clients, as well as in-house manufactured systems, including hydrogen generators and wind turbines.
BT gets behind renewable energy
British Telecom has announced a three-year plan to get all of its energy needs from renewable sources - the biggest such project in the world. The electricity used, worth hundreds of millions of pounds, could power a city the size of Nottingham. Renewable sources of energy include wind, wave and solar power, rather than using fossil fuels like oil or coal.
China Finances Ming Yang Wind in India
Doug Young Rice farmer in India with wind turbines. Photo courtesy of Vestas Wind Systems (VWDRY) With its new energy sector tottering on the brink of collapse, China no longer seems to care if foreign government accuse it of unfairly supporting its sector with low cost loans and other state subsidies. That at least appears to be the message from a new plan by Ming Yang Wind Power (NYSE: MY), which has just announced a massive new tie-up with policy lender China Development Bank to provide financing...
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.
Investing in German Wind Power
By Jeff Siegel When it comes to understanding the EU, I'm not the brightest star in the sky. And to be honest, after stumbling down a rabbit hole of proposals, directorates, and laws on the European Commission's website, I was even worse shape than before I started. The European Commission is the EU's executive body that represents the interests of the EU as a whole. And just yesterday it made a decision that will result in a huge boost for wind energy in Germany. Germany's 7 Gigawatts are Coming So as many in the renewable energy game know, following...
Western states take lead in the drive for renewable energy
The political climate for many of the western states are slowly starting to change to see the need for conversion to renewable energy sources. These test installations for Solar, Geothermal, and Wind energy are now producing real power for these areas. The key for us is to find the vendors that supply these installations. As the funding increases in these test beds, our growth will increase. Here is a good article from the sfgate.com about the various western states initiatives. "California's goal is to produce 20 percent of its electricity from renewable sources by 2017. New Mexico...
Western Wind Energy Receives Approval to Use Transmission Lines
Western Wind Energy (WNDEF.OB) announced that the United States Federal Energy Regulatory Commission ("FERC") has issued a definitive decision in Western Wind's favor, allowing Western Wind to access a key transmission line. The decision enables Western Wind to start work on its 120 MW power sales agreement with Southern California Edison. This agreement enables Western Wind to generate over US $30 million per year in annual power sales.
Western Wind Energy: A Matter of Trust, and Value
Tom Konrad CFA The Windstar Wind Farm. Photo credit: Western Wind Energy Yesterday, I wrote about Western Wind Energy’s (TSXV:WND, OTC:WNDEF) plans to increase the 1603 cash grant for their Windstar wind farm. But that was not the only thing discussed in Monday’s conference call. Investor Frustration During the Q&A, many investors were concerned about Western Wind’s recent deal to acquire a 4 GW wind development pipeline from Champlin/GEI Wind Holdings. The concern was that the company would be issuing 8 million shares for the assets, but the company...
On The Economics Of Wind Power
What is a good indicator of whether something is "hot"? When the top weekly in the world runs at least one article about it in every edition it publishes. That is what has been happening with The Economist and alternative energy over the past few months. This week's piece was dedicated to the economics of wind power. Citing studies conducted in the Netherlands and Denmark, two wind power markets that are comparatively more developed than most North American markets (barring maybe Texas), the piece argues that, once a significant part of its initial costs have been paid off,...
Buying Innergex – Texas Was Bad, But Not That Bad
By Tom Konrad, Ph.D., CFA
Last week, I published this call to buy Innergex (INGXF, INE.TO) because investors had been overreacting to the losses from the February cold snap in Texas. The stock is up since then, but still seems a decent value.
Canadian Yieldco Innergex Renewable Energy (INGXF, INE.TO) took a big financial hit from the power disruptions in Texas in March.
It's complex, but their financial hedges on power prices for three of its wind farms ended up creating enormous liabilities - more, in fact, than two of their wind farms are worth. Two of their facilities also had benefits...
Sell Wind ETFs if Support is Violated
Steve Sollheiser Both Wind ETFs are showing interesting chart patterns. In the PowerShares Global Wind Energy Portfolio (PWND) chart we can see a Falling Wedge patern, that consists of two non-parallel trend lines that engulf price. The upwards trend line has been tested for 5 times, which is an indication of its strength. The support trend line was tested four times, which confirms its validity and the accuracy of the pattern. The Falling Wedge, contrary to intuition, is a Bullish pattern which predicts a breakout upwards and an uptrend in 68%...
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...
American Superconductor: Reading the Tea Leaves
Tom Konrad CFA American Superconductor (NASDAQ:AMSC) dropped 52% since their profit warning on April 6th. Is it a screaming bargain, or does it have farther to fall? Two readers asked me to take a look at American Superconductor Corporation (AMSC) after the company issued a profit warning on April 6th. Although the stock was included in my list Ten Clean Energy Stocks for 2011, (which has produced more buying opportunities than profits so far this year) I did not own the stock in any of my managed portfolios, and so the research had to take...
Xcel Energy Gets Approval to Add Renewable Energy in Colorado
Xcel Energy (XEL) received approval from the Colorado Public Utilities Commission (CPUC) on Wednesday that could triple the company's wind power capacity in Colorado by 2007. The CPUC approved Xcel Energy's proposal to acquire up to 500 megawatts (MW) of renewable energy resources, primarily wind, through an early competitive bidding process. This will allow the company to take advantage of any short-term renewal of the federal production tax credit (PTC) for wind energy, currently under consideration by Congress. The company also will study the impact that additional renewable resources will have on system reliability, operation, cost and transmission....
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: ...
Alternative Energy Companies Posting Large Returns
Alternative energy companies delivered compelling returns for investors. A look at Crystal Equity Research’s ‘indices’ of renewable energy, conservation and environmentally-friendly technology companies found some exceptional price moves. We review five companies here that have experienced top price moves from 52-week lows.
Codexis, Inc. (CDXS: Nasdaq) has gained 257% from its 52-week low. The company won a place in our Beach Boys group through development of proteins for a mix of applications from biocatalysts for industrial enzymes, chemicals and pharmaceuticals. While the company has started generating revenue from its technology, it has yet to post a profit. Codexis delivered a smaller than expected loss in the...
