Back on October 30th, it was first announced that A-Power Energy (APWR) through its Shenyang Power joint venture (of which it is majority owner) would partially own and be the wind turbine supplier for a 600MW wind farm in Texas. Today the project moves closer to fruition with Shenyang Power, US Renewable Energy Group and Cielo Wind Power entering into a definitive agreement with a signing ceremony in Wash DC today. The tentative delivery date … Read the rest
Category Archives: Wind Energy
NRG Energy’s (NRG) New Wind Farm Now Producing Power
NRG Energy just announced that the new Langford Wind Farm in San Angelo, Texas has begun to purchase power commercially. The 150 MW windfarm, developed by NRG subsidiary Padoma Power, is expected to produce enough energy each year to power more than 100,000 homes. All power will be sold into the ERCOT system.
In a company press release, David Crane, President and CEO of NRG Energy, commented on the news:
“The Langford Wind Power Project … Read the rest
2010 Alternative Energy Forecast
By Jeff Siegel of GreenChipStocks.com
Get your Free Cleantech Report Today!
In the 1973 movie Papillon (adapted from the 1969 French novel by Henri Charriere), there’s a scene where Papillon is considering jumping off a cliff to escape the island on which he is being imprisoned. His friend Dega says, “It seems so desperate. You think it will work?”
And Papillon replies, “Does it matter?”
Papillon had two options: Stay on the island and … Read the rest
General Electric (GE) Gets $1.4 Billion Wind Turbine Contract For World’s Largest Wind Farm In Oregon
Big news this morning out of General Electric (GE) and great news for the wind industry in general. The company is announcing it will supply what will be the world’s largest wind farm in Oregon called the Sheperds Flat project run by Caithness Energy. The deal calls for 338 wind turbines from GE between 2011 and 2012 with the project generating 845MW of energy at full capacity. The project is expected to inject $16 million … Read the rest
A-Power Energy (APWR), Shenyang Group Sign Agreements For Pakistan Geothermal & Biomass Projects
What started out as a shaky day for A-Power Energy (APWR) has turned into a great day. The stock is surging off the lows of the morning after missing analyst expectations and has announced two new deals. The first was the construction contract with Tieling Cement and now the company is announcing it has signed an agreement with Pakistan Amraas Intl to construct and operate two 25MW biomass power plants as well as a geothermal … Read the rest
A-Power Energy (APWR) Gets $16 Million Construction Contract From Tieling Cement
A-Power Energy (APWR) is surging off the lows following its earnings report this morning and there is more good news to report for APWR shareholders. The company has announced that it has signed a $16 million contract with Tieling Cement to act as the general contractor for a waste to heat power generation facility in Tieling City. The project will begin this month and is expected to be completed within the next 6 months.
Jinxiang … Read the rest
A-Power Energy (APWR) Reports Record Revenue But Misses Analyst Estimates Again.. Buying Opportunity?
Many traders were expecting more out of A-Power Energy (APWR) this quarter and once again they were disappointed as the company missed analyst estimates by a decent margin this morning. APWR has made a habit of missing estimates and selling off in recent reports, but I have to admit, I was kind of hoping that they would miss this quarter so I could add shares at a lower price. Looks like I may get my … Read the rest
EnerDel (HEV) Enters Utility Scale Lithium Battery Storage Market With Portland General Electric
Yesterday A123 Systems (AONE) surged on news it received some government cash to develop utility scale battery storage systems. This morning, it’s EnerDel’s (HEV) turn. The company has announced that it will participate in a program to help develop Portland General Electric’s smart grid which is a project funded in part by the DOE. The DOE will provide around $90 million of the $178 million project.
EnerDel will build lithium batteries for five 1MW … Read the rest
American Superconductor (AMSC) Gets Another Upgrade – Raymond James Strong Buy
A few minutes ago AMSC received yet another upgrade and it still isn’t budging much! Over the past couple months the company has made some bullish announcements and received upgrades from several analysts, but the stock is having a tough time getting going again. It continues to work on carving out a new base and making its way up the right side though.
Raymond James also came out minutes ago with an upgrade of the … Read the rest
Piper Jaffray Reiterates Overweight On American Superconductor (AMSC)
Piper Jaffray is out reiterating its Overweight rating on American Superconductor (AMSC) this morning with a price target of $45.
Hat tip to StreetInsider.com for the following analyst comment:
“We reiterate our Overweight rating on increased visibility into China wind growth. Using a sum of the parts valuation, we value the AMSC Power Systems business at $44, based on ~34x our CY2010 segment GAAP EPS estimate of $1.30 (from $1.29) a premium with the leading … Read the rest