Don’t Forget About Wind Power!
Without a doubt, ethanol and solar are the 2 alt energy categories that have attracted the most investor attention in North America in the past few years, and that is because they are the 2 categories that feature the most US-listed stocks. However, despite its comparatively lower profile as an asset class, investors should not forget about wind power! On January 18th, Emerging Energy Research published a short study on the growth of wind power in China. For 2006, China installed 1,040 MW of new wind capacity, making it the 5th country in the world in terms...
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...
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.
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...
How Weather Risk Transfer Can Help Wind & Solar Development
by Daryl Roberts
The Need To Accelerate Renewables Adoption
Renewables are growing rapidly as a percentage of new electric generation, but are still being assimilated too slowly and still constitute too small of a fraction of total generation, to be able to transition quickly enough to scale into a low carbon economy in time to mitigate climate change.
The issue of providing public support, with subsidies and other reallocation methods, is a politically charged subject. High carbon advocates, for example American Petroleum Institute, argues that support for renewables distorts the market. On the other hand, it has been argued, for example by...
GE Snatches Wind Installation Crown from Vestas
James Montgomery Offshore Wind Farm photo via Bigstock. Preliminary rankings of global wind installation capacity show something not seen in 12 years: longtime market leader Vestas looking up at someone else. BTM Consult, a division within Navigant's Global Energy Practice, says General Electric (NYSE:GE) installed more wind turbine MW capacity than any other original equipment manufacturer (OEMs) in 2012. While not offering specific numbers, Aris Karcanias, senior analyst with BTM, acknowledged that it was "a clear win" for GE, and "not a difference of 50 megawatts)," though...
Investing In Offshore Wind Power
Tom Konrad CFA Offshore Wind in the United States Last week, the long-embattled Cape Wind project got a break: Utility NStar(NST) agreed to buy 27.5% of the proposed offshore wind project's output. Together with a previous power purchase agreement with National Grid (NGG), this gives Cape Wind a buyer for 77.5% of the project's total projected output. Jim Gordon, Cape Wind's President speaking at Offshore Wind Power USA in Boston, called the NStar deal the "starting gun" for Cape Wind's financing round. Yet speakers and attendees at Offshore Wind Power USA agreed that the Cape Wind story...
The Alternative Energy Fallacy
John Petersen In 2009, the world produced some 13.2 billion metric tons of hydrocarbons, or about 4,200 pounds for every man, woman and child on the planet. Burning those hydrocarbons poured roughly 31.3 billion metric tons of CO2 into our atmosphere. The basic premise of alternative energy is that widespread deployments of wind turbines, solar panels and electric vehicles will slash hydrocarbon consumption, reduce CO2 emissions and give us a cleaner, greener and healthier planet. That premise, however, is fatally flawed because our planet cannot produce enough non-ferrous industrial metals to make a meaningful difference and the prices...
3 Alternative Energy Stocks You Need to Know
In the face of a declining overall energy market today, three of our favorite alternative energy stocks posted strong gains on high volume. The Oil Services HOLDRs ETF (OIH) was down 2% and the PowerShares WilderHill Clean Energy ETF (PBW) was down 1.7%. Indeed, the vast majority of the energy stocks that we track were in the red. But bucking the trend were two energy stocks that we have profiled in the recent past and a third company that we will begin covering today. First on the list is our favorite wind energy play, Welwind Energy International...
Inverter Stocks: A Backdoor to Solar and Wind Energy
Avoiding the Rush Whenever there is a gold rush, the people who make the real money are seldom the gold miners, but rather the suppliers to the miners that come home with the lion's share of the profits. This is not because there is not an incredible amount of money to be made in mining gold, but because the nature of a gold rush is that too many optimistic miners are encouraged by the early profits of a few to rush to pursue too few opportunities. To many, the rush into solar stocks seems to be just...
The Wind in Spain is Mostly in GAMESA
by Debra Fiakas CFA In the second week of November 2015, GAMESA Corporation (GTQ1: Berlin, GAM: Madrid, or GCTAF: OTC), Spain’s wind turbine manufacturer, reported double the net profit in the nine months ending September 2015, on revenue that was 30% higher than the same period last year. During the period GAMESA has received orders from customers in twenty-five different countries for wind turbines with generating capacity of 2,841 megawatts. Backlog at the end of September 2015 was 3,034 megawatts, representing a 43% increases over backlog a year ago. At a time when some companies are struggling amidst...
The Magma/Plutonic Merger
A Great Deal for Plutonic Shareholders, Not bad for Magma Tom Konrad CFA As a shareholder of Magma Energy Corp. (MGMXF.PK), I'm reading through the joint information circular on the proposed merger of Plutonic Power Corp (PUOPF.PK) and Magma to form "Alterra Power Corp." I'm not thrilled with the merger, although I plan to vote for it, now that it's arranged. Overall, I think the merged Alterra will be a stronger company than either company alone. Both companies are in capital intensive niche Renewable Energy industries, so the added scale and diversification of Alterra should better...
Universal Communication Systems, Inc. Subsidiary AirWater Corporation Announces the Development of an Exclusive New...
Universal Communication Systems Inc (UCSY) announced that the company has developed a new, exclusive energy application utilizing "wind power" technology for energy co-generation for use with AirWater machines.
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...
Distributed Energy Systems profile on Forbes.com
Distributed Energy Systems Corp (DESC) has been profiled on Forbes.com. Kenneth Reid, editor of Spear's Security Industry Analyst, recommends buying shares of Distributed Energy Systems. The Wallingford, Conn.-based company creates and delivers a variety of products for the alternative and decentralized energy markets.. . .The story of Distributed Energy and other alternative-energy players is a long-term one, say bulls like Reid. With the surge in oil prices this year, the story is resonating with investors. Distributed Energy shares are up 333% in the past year, trading around $8 after hitting a 52-week (intraday) high of $8.09 on Sept....
