Within the past week, Vestas Wind Systems has received several large orders for its wind turbines from Chinese companies. First, the company announced that it had received an order from China Guangdong Nuclear Wind Power. Vesta has supplied China Guangdong Nuclear Wind Power with wind turbines in the past. This time, the company ordered 116 turbines, capable of producing 100 MW of wind power. Including this order, Vestas will deliver 500MW worth of wind turbines … Read the rest
Category Archives: Wind Energy
A-Power (APWR) Will Open Chinese Wind Turbine Production Facility This Month
On January 11, A-Power Energy Generation Systems will inaugurate its first wind turbine production facility. Located in Shenyang, China, the facility can produce up to 1,125MW of wind turbines each year. By opening the facility, A-Power will formally launch its wind turbine production business.
A-Power’s president and CEO, Jinxiang Lu, commented on the occasion:
… Read the rest"We look forward to having our investors join us at this extremely exciting, and historic, event, which marks the full
A-Power Energy (APWR) Pummeled After Slashing 4Q Guidance
A-Power Energy (APWR) is once again testing all time lows after taking a 25% hit today on news the company has dramatically lowered 4th quarter guidance from the previous estimate of $158 million in revenue and $15.5 million in profit to $76 million in revenue and just $5 million in profit due to postponed contracts.
Jinxiang Lu, APWR CEO, commented, “Due to the unusual current macro economic conditions, a few of our key potential contracts, … Read the rest
AES Corporation (AES) To Finance Wind Farm In Bulgaria
AES Geo Power, a Bulgarian company owned by AES Corporation, signed an agreement to finance a 52-turbine, 270 million Euro wind farm in Bulgaria. Out of the total cost, 198 million euro will be financed by a group of banks including European Bank for Reconstruction and Development, the World Bank’s International Financial Corporation and Italian bank UniCredit SpA (UNCFF).
Construction of the wind farm is expected to be completed in the latter half of … Read the rest
Ways to Play the Obama Green New Deal
With the Obama administration just weeks away from move in day, there are quite a few articles out there being written about ways to play the coming infrastructure and green energy boom. Much has been made of Obama’s plan to decrease our dependence on foreign oil and to a lesser degree, plans to spend big on infrastructure. Certainly infrastructure and green energy will be two big themes over the next 4 years and possibly beyond, … Read the rest
Shell (NYSE: RDS-A, RDS-B) And Dominion (D) Announce Completion Of Nedpower Mount Storm Wind Project
Yesterday, Shell and Dominion announced the completion of their joint venture wind energy project, Nedpower Mount Storm. The project, located in West Virginia, is up and running, producing up to 264 MW of wind energy, enough for about 66,000 homes and businesses. The energy generated from the 132 wind turbines will be sold to PJM Interconnection, an electricity market serving 13 Mid-Atlantic states and the District of Columbia.
Here’s what the presidents of each company … Read the rest
Aerovironment (AVAV) Smashes Earnings Estimates, Maintains Guidance
Aerovironment (AVAV) which has been one of a few bright spots in the green sector of late, reported outstanding earnings results after the bell today. They beating analyst EPS estimates of .27/share by .14 (71% increase over year ago quarter) on revenues of 65.8 million (22% growth over year ago quarter) which was slightly ahead of estimates. The company is maintaining revenue growth guidance for 2009 of 20 – 25% growth.
While the company is … Read the rest
Zoltek (ZOLT) Reports Earnings: "Fundamentals of Wind Energy Extremely Solid"
Zoltek (ZOLT), provider of carbon materials that go into the manufacturing of wind turbines reported results this morning that beat analyst estimates by .02/share when excluding a one time legal fee charge. The company reported earnings of .22/share (10% below the year ago quarter) on revenues of 51 million, which was good for a 17% increase over the year ago quarter.
CEO Zsolt Rumy stated, “The fundamentals of alternative energy generally — and wind energy … Read the rest
Duke Energy (DUK) To Provide WalMart (WMT) With Wind Energy
Walmart has announced a partnership with Duke Energy which will supply wind power for about 15% of the energy load in 360 of its stores and facilities in Texas. Walmart, who has a lofty ambition of using only renewable energies in the future will pay traditional energy rates for the wind power which will come from a new wind farm under construction in Notrees, Texas beginning in April of next year.… Read the rest
A-Power Energy (APWR) Misses But Bouncing AH; Comments On China Power Outages & Wind Turbine Biz
Despite missing the Street’s view, A-Power Energy (APWR) is moving higher after hours. That’s the kind of action that needs to be seen to mark a bottom in these green stocks. It’s an indication that finally the doom and gloom has been fully priced in. The company reported an EPS of .28/share, .04 lower than analyst estimates on revenues of 85.4 million which was also lower than what analysts were expecting. APWR still expects 08 … Read the rest