GE, FPL expect boom in wind power business next year
U.S. power companies such as FPL Group Inc (FPL) that develop windmill farms will probably install a record number of turbines next year after Congress renewed the tax credit needed to make the plants cost effective. Over a thousand new windmills, typically twenty stories high with three 40-foot blades, will crop up in fields in Oklahoma, ranches in Colorado and off the coast of Massachusetts. U.S. wind power will increase by more than the 1,687 megawatts built in 2003, said Christine Real de Azua, a spokeswoman for the American Wind Energy Association, a trade group in Washington....
ENDESA Starts Work on the New Valpardo Wind Farm in Avila
ENDESA (ELE) will have 21.5 MW of new wind capacity in the region of Castilla y Leon once its cogeneration and renewable energy subsidiary (ENDESA Cogeneracion y Renovables: ECYR) completes the construction of the Valpardo wind farm in the town of Navalperal de Pinares (Avila), located in the central part of the Malagon mountain range. The farm is scheduled to start up at the end of this year.
Hidden Gems? Why Green Investors Should Look at Daewoo Shipbuilding and Ener1
Part 2 of 2 Bill Paul Neither Daewoo Shipbuilding & Marine Engineering Co. Ltd., which trades OTC under the symbol DWOTF, nor Ener1 Inc., which trades on NASDAQ under the symbol HEV, is an obvious candidate for having hidden potential. Heck, Daewoo isn’t even a green energy stock. Or is it? Lost in the hubbub of Copenhagen and Congress, there’s been important news about both these companies that strongly suggests – at least to me – that each has plenty of undiscovered potential that will really start paying off over the next 18 to 24...
Scottish Power Plc Receives Approval for Glasgow Windfarm
Scottish Power plc (SPI) was granted final planning approval to construct Europe's largest on-shore windfarm, the 322MW Whitelee project south of Glasgow. The 140 turbine project would provide enough green energy to power 200,000 homes. Scottish Power is currently the largest provider of wind generated electricity in the United Kingdom.
AAER & The Hydro-Quebec Tender: A Tale Of The Importance Of Risk Management
Some of you may remember an article I wrote last March about a small Canadian wind turbine maker called AAER Inc (AAERF.PK or AAE.V). In fact, I got a few emails from readers informing me that they'd bought the stock following my article and that they were happy with its performance. The following chart traces the stock's performance between the date of the article (March 7, 2007) and last Friday (May 2, 2008): Since I wrote this article many things have changed with AAER. The Katabatic contract, which is what attracted my attention initially,...
Eneti: The New Offshore Wind Installation Leader
By Tom Konrad, Ph.D., CFA
With its purchase of Seajacks, Eneti (NYSE:NETI) has become the world’s largest owner of offshore wind installation vessels. The two articles were shared with my followers on Patreon as the news came out.
Valuing the Eneti/Seajacks Combination (First published August 5th)
Eneti (NETI) just announced it is buying offshore wind turbine installation firm Seajacks. The purchase will be with a combination of shares, cash, and assumed debt: 8.13 million shares, $299 million of assumed net debt, $74 million of newly-issued redeemable notes, and $12 million of cash. Current Eneti shareholders will own 58% of the combined firm.
After...
Companies Helping New York Take the Lead in Offshore Wind
by Debra Fiakas
The Lieutenant Governor of New York, Linda Hochul, has predicted that the state will be a world leader in off-shore wind power - a bold assertion for a state that still derives three-quarters of its electric power from fossil fuels. Natural gas has become the most important fossil fuel source. Yet in 2016, for the first time, over one million megawatt hours of electricity were sources from solar power and 24% of electricity is generated by renewable sources. This is remarkable given that just a few years ago even that accomplishment was given very low odds. There...
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.
FPL Energy Announces Plans for New Wind Farm in Texas
FPL Group Inc (FPL) announced it will build, own and operate a new wind farm in Texas, the Callahan Divide Wind Energy Center, to be located in Taylor County, Texas. The 114-megawatt Callahan Divide Wind Energy Center will be comprised of 76 1.5-megawatt wind turbines spread over a 6,000 acre site approximately 12 miles southwest of Abilene. Construction is expected to begin in the next few weeks and be completed no later than the first quarter 2005.
Finavera Wind Energy: Bak From The Dead
Tom Konrad CFA Disclosure: Long FNVRF, short PEGI $30 and $35 calls, $20 and $25 puts. The Good News Finavera Wind Energy (TSXV:FVR, OTC:FNVRF) shareholders have had a long and trying wait for the sale of its wind projects to Pattern Energy Group (NASD:PEGI) since the deal was announced in December 2012. The timeline has slipped repeatedly, two of the projects proved impossible to permit, and there have been questions about just how large the remaining ones would be. The long silence since the company’s interim financial update last November has probably led many investors to give the company...
Beijing Cramps Foreign Offshore Wind Developers, Giving Boost to Domestic Firms
Bill Paul As it scrambles to develop an offshore wind power industry that potentially may generate as much as 200 gigawatts of electricity, China has decided to hamstring all would-be foreign developers, which should provide a big lift to certain Chinese companies. As reported last week by Environmental Finance magazine in its online edition, Beijing has effectively shut out international operators with new regulations requiring any foreign offshore developer to enter into a joint venture with a Chinese company under which the foreign firm must be a minority partner. “In reality, most of the international developers cannot, or...
Wind Works Power Corp
A Bet on Wind Industry Growth Tom Konrad, CFA Wind Works Power Corporation (WWPW.OB) presents investors in publicly traded wind power stocks a new type of opportunity with the potential for high reward, and a complementary risk profile to existing plays. In the past, I've lamented the dearth of choice in publicly traded wind power stocks on North American markets, but both the number and types of opportunities are growing, allowing investors to diversify risk or to make more narrowly focused bets on how they expect the sector to evolve. I classify wind stocks into three types: Wind...
Amazing Pictures of Offshore Wind Farms
One of the stories recently featured on one of my favorite sites, Reddit, was a link to some amazing pictures of offshore wind farms. Seeing these pictures of wind turbines really made clear to me the reality of offshore wind power, and the size and scope required to harness the power of wind over the ocean. Summarizing some points from the article: average wind speeds are greater over the ocean than they are over land the world's largest offshore wind farm is Horn’s Reef project located 14 kilometers (or about 9 miles) off the coast of Denmark...
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...
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.
China Plans Aggressive Renewables Deployment But Falling Incentives
Doug Young Lofty targets contained in a new report show that China intends to push ahead with ambitious plans to build up its renewable energy sector. But perhaps the most interesting thing about this new report is word that Beijing finally intends to sharply reduce the inflated state-set fees now paid for solar and wind-produced power, in one of the sharpest indicators that it expects the industry to stop depending on government support and become commercially viable on its own. Such state support through a wide array of measures, which also include export credits and low-interest loans,...
