Wind Energy Stocks in the News; Vestas, Suzlon, GE Wind

Here are some recent news articles, press releases and blog posts regarding wind energy stocks and investing in wind power:

Reuters: Suzlon to book another 450 megawatts before end of 2009

China GreenTech Initiative sees $1 Trillion Market

Vestas Wind Systems A/S (VWS.KO) to open up new markets in Latin America and the Middle East

USA; fastest-growing wind power market

University of North Carolina feasibility study, best location for utility-scale wind farm

Norway proposes expansion of offshore wind power

South Dakota wind farm uses smart grid technology, GE Wind turbines

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WNEA buys Midwest and Great Plains windpower assets from Boreal

MINNEAPOLIS - (Business Wire) Wind Energy America Inc. (OTCBB: WNEA) announced today (29FEB08) that it has completed an acquisition of significant wind energy assets from Boreal Energy Inc., a Minnesota corporation, in a tax free exchange for WNEA common stock. As a result of the completed transaction, WNEA will exchange 28,500,000 unregistered common shares for these Boreal assets.

Boreal assets include property and development rights in many wind farm projects in the upper Midwest and Great Plains regions, including Iowa, Minnesota, North and South Dakota, Montana, Wisconsin, and southern Ontario. As a wind farm developer, Boreal holds significant interests and rights to an extensive pipeline of wind energy projects under design or development of approximately 1,200 megawatts. These Boreal projects are located in some of the most favorable wind regimes in North America for the generation of electricity from wind turbines.

USA Northwest Wind Energy Output surpasses 1,000 MW in February

Wind Energy Reaches Highest Output Ever

Posted on: Saturday, 1 March 2008, 03:00 CST

By Jamison, Michael, RedOrbit.com

KALISPELL - Not too long ago, a milestone in the Northwest's energy policy slipped by with nary a notice by folks at home flipping the switches. The wind howled, the turbines turned and, for the first time ever, the wind power blowing through the region's electric grid surpassed the 1,000-megawatt mark. That's enough energy to power nearly 700,000 homes.

"When the wind's really kicking, we're getting 1,180 megawatts," said Doug Johnson, "which is pretty darned good for a clean energy alternative."

Of course, when the wind's not blowing, "we get nothing. It's an intermittent resource. We only get it when it blows."

Johnson is a spokesman for the Bonneville Power Administration, the quasi-governmental agency that markets power produced at 31 federal dams in the Columbia River Basin, some 40 percent of all the electricity used in the Pacific Northwest.

Those hydropower plants include headwater reservoirs such as Montana's Hungry Horse and Libby dams, which provide at-cost electricity to 140 utility companies in Montana, Idaho, Washington and Oregon.

Oregon is where PPM Energy recently fired up its latest wind project, the Klondike III, at about the same time the grid crossed that 1,000-megawatt mark.

Full article continues at: US Northwest windpower output reaches new high

Nevada Geothermal Power Announces Results from Flow Test

GeothermEx, Inc. Rates Well 25-14 at 7.5 MW Net Capacity

Nevada Geothermal Power Inc. ("NGP") (TSX VENTURE: NGP)(OTCBB: NGLPF) today announced that long term flow-test results from Well 25-14 indicate that the well is a very prolific producer. Flow testing of 25-14 was done under the supervision of GeothermEx, Inc. ("GeothermEx") an independent consultant based in Richmond California.

Excerpts from GeothermEx's report:

- Well 25-14 produced roughly 770,000 pounds per hour when fully open (equivalent to a volumetric flow rate of 1,750 gallons per minute) at a wellhead pressure of 120 pounds per square inch.

- The well produces primarily from a single zone at 2,280 feet (695 metres). The temperature of the zone is 374 degrees F (190 degrees C).

- Comparison of static and flowing pressure survey in 25-14 indicates a total cumulative pressure drawdown of about 121 psi at 2,280 feet (695 metres) during the production period. This indicates very good productivity.

- The net power potential of 25-14 would be about 7.5 MW. This estimate accounts for parasitic load for the combination of the production pump in the well and the well's proportionate share of a binary plant and injection pumps.

Full article at: Nevada Geothermal Power strikes hot rocks at Blue Mountain Geothermal Energy project

DOE & National Laboratories Project Targets Commercial Viability for Enhanced Geothermal Systems



Ormat Desert Peak Aims to be First U.S. Commercial Power Project Using EGS

Reno, Nevada, February 14, 2008 - Work has begun on the first application of an Enhanced Geothermal System (EGS) utilizing a production well at a commercial geothermal site. This project will demonstrate the viability of EGS and the technology's potential to generate clean, renewable baseload geothermal electricity in many areas throughout the country, Ormat Technologies, Inc.(NYSE: ORA) announced today.

Also Nevada Geothermal Power is proceeding with Ormat on the Blue Mountain Faulkner 1 Power Plant, see article on geotherma.info entitled Nevada Geo (NGLPF) and Ormat Tech (ORA) in $20 million deal for Blue Mountain geothermal project.

In Geothermal energy news and geothermal company info, Australia has opened up Geopower exploration, and NGP finds geothermal energy drilling success.

South Africa’s state utility Eksom to build 100 MW wind farm in Western Cape

The Western Cape has the highest wind speeds in the country, and Eskom plans to harness the full potential of this weather pattern as a long-term resolution to the persisting energy crisis.

Earlier in February Tyler Hamilton over at Clean Break focused on the links between high-purity cadmium telluride supplier 5N Plus and their world-leading customer First Solar in an article that also discusses a potential cadmium shortage.

Vestas Wind Systems AS, the world's largest wind turbine manufacturer, said it has received an order for 32 units of its V90-1.8 MW wind turbine from Spain's Catalana d'Energies Renovables SL.

Sharp Solar aims to raise its annual thin-film solar cell production capacity by completing new plants in Japan and building new facilities abroad. Q-Cells Solar said earlier this month that it had overtaken Sharp as the world’s No. 1 maker of solar cells in terms of volume in 2007.

USA windpower exceeds 5,000 Megawatts in 2007, up 45%, powering 4.5 million homes

State and federal incentives have fueled rapid industry growth, and in 2007, installed wind-power capacity grew 45 percent nationwide to 5,244 megawatts, according to the American Wind Energy Association. New wind projects accounted for 30 percent of all new power produced nationally.
Wind farms nationwide produce 48 million megawatt hours of electricity, enough to power more than 4.5 million homes.

Full article at: United States Wind Energy in 2007

Spire (SPIR) will provide Dongyang in Korea with a 12 MegaWatt crystalline cell module manufacturing line.

Evergreen Solar and Renewable Energy Corp prepare EverQ Initial Public Offering.

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GE forecasts $6 bil in 2008 windpower sales, order book filled to 2010

from wsj.com:

GE: Plenty of Tailwinds for Wind Power

Posted by Keith Johnson

How bullish is General Electric on wind power?

Don’t worry, GE says.

GE, the biggest U.S. maker of wind turbines, told Reuters yesterday that 2008 revenues from turbine sales could approach $6 billion (HT: Solve Climate.)

That could mean as much as 4.2 gigawatts of turbines in 2008, if order-book prices from market-leader and price-setter Vestas are any guide. How much is that? Almost as much wind power as the U.S. installed last year. Or, about 20% of last year’s record-breaking installation. Or, just under 5% of all the wind power installed in the world today.

Vestas just upped its revenue estimate for 2007 to $7 billion on the back of strong demand. The rule of thumb, which squares with Vestas’ own figures, is that a gigawatt of wind turbines sells for about 1 billion euros, or about $1.4 billion. (Turbine makers generally produce a range of smallish, medium-sized, and giant turbines, which is why they measure sales by capacity rather than just counting the units.)

Demand for wind power everywhere is so strong that GE says its turbine dance card is filled through 2010. That’s to be expected: A dicey supply-chain situation has all manufacturers struggling to keep up with orders from around the world.

There are plenty of tailwinds for clean energy, including campaign-trail rhetoric, European and Asian incentives, stubborn fossil fuel prices, and climate-change fears. But the U.S. Congress has yet to extend tax credits for renewable energy, crucial to the sector’s development, and state-level support remains patchwork.

That clearly hasn’t curbed GE’s enthusiasm. Maybe that will pay off next week when the House again tackles clean-energy credits.

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PA Energy Bill amendment invests $30 mil in wind energy, passes 173-28

from Forbes.com and AP:

HARRISBURG, Pa. - The House on Wednesday added more money for wind power, environmentally friendly buildings and more efficient home heating systems to a centerpiece of Gov. Ed Rendell's energy proposal.

The House also voted to earmark $25 million to help pay for new pollution-control equipment at smaller power plants that burn coal. Overall, the bill would authorize $850 million to promote cleaner energy sources such as solar manufacturing, advanced coal technologies and biofuels, and to encourage people to conserve electricity.

An amendment that passed 173-28 on Wednesday would designate $30 million for grants and loans to develop wind energy and the manufacture of wind energy turbines.

"For every dollar we spend in wind energy investment, we can leverage 12 in the private sector," said Majority Whip Keith McCall, D-Carbon.

The House also allocated $5 million for low-interest loans to people who install more energy efficient systems to heat their homes, and $25 million for high-performance "green" buildings.
Rep. Matt Smith, D-Allegheny, cited estimates that those grants will help complete more than 300 green buildings.A Republican-sponsored amendment that would have gutted the bill and replaced it with a scaled-back, $250 million program was defeated 130-70.

The bill awaits a final vote in the House. Similar legislation passed the state Senate in December.

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