20 States Encourage Wind Energy

Tuesday 01/15/2008 12:30 PM ET - PR Newswire

Responding to issues ranging from energy security to global warming,
more than 20 States, including California, New York and Texas, have now
passed Renewable Energy Portfolio Standards (RPS) which require
utilities to generate more "green" power -- and according to experts,
the wind energy industry is the major beneficiary.

Big improvements in wind turbine design over the last five years mean
wind generated power is competitively priced with traditional
fossil-fuels -- making wind the renewable power of choice for utilities
scrambling to comply with the new State RPS mandates.

The U.S. wind energy industry is expected to grow at a record pace again
in 2008 -- more than 30% according to the Global Wind Energy Council. An
online survey of institutional investors in the sector suggests both
turbine manufacturers and wind power producers will benefit from the
record growth of the industry.

Here's a round-up:

With turbine demand from wind power producers outstripping available
supply, GE (NYSE: GE) has amassed a $7 billion turbine sales backlog.
UBS rates it a "buy." Zoltek (Nasdaq: ZOLT) makes the carbon fiber
that's used in turbine blades. RBC Capital rates it an "outperform."
Jeffries & Co. has a "buy" on American Superconductor (Nasdaq: AMSC)
which, among its many products, makes devices used to collect energy
from wind turbines.

In the power producer group, two diversified utilities, PG&E Corp (NYSE:
PCG) and Edison (NYSE: EIX) are rapidly growing their use of wind power.
Credit Suisse has an "outperform" rating on both.

The stocks I try to buy are the very stocks that traditional fund
managers try to overlook. In other words, I continue to think like an
amateur as frequently as possible. - Peter Lynch

.

Relevant Pages

  • Re: Wind and Solar Power
    ... shipping if the supporting tower of an offshore wind turbine were to ... SINGLE turbine was a million pounds - not a misprint, ... shore etc., and adding to that the installation and running costs, not ... Energy albeit in only a sentence or two. ...
    (uk.local.cumbria)
  • Re: compressed air to store wind energy
    ... >> The proposal to use wind energy has nothing to do with this. ... > scale energy storage to achieve this - and as far as I can tell CAES is ...
    (sci.energy)
  • Re: DONT LOSE time and money around the fusion energy illusion and the lunar-helium-3 dream!
    ... amount of lunar He3 that it is a gas, ... feasibility of replacing all fossil fuels with wind power. ... it's clear that wind will play an increasing role in our energy ...
    (sci.space.policy)
  • Re: Mobile S-Rotor!
    ... >> If the air initially enters at 88 fps, each lbm of air has a kinetic ... >> But not all of that energy is recoverable. ... > and that is being pushed out the back by the new fresh-energy wind ... belt-pully power transmission is far more efficient than any wind turbine. ...
    (sci.energy)
  • Re: compressed air to store wind energy
    ... >> improvement of economics of wind power plants and other renewable ... > energy to compress air for combustion- the scheme simply uses off ... > energy which is far cheaper to do this and allowing more output bang ...
    (sci.energy)