The Sherbino I Wind Farm, a joint venture between NRG Energy and BP Alternative Energy, is now up and running. Located on top of a mesa in Pecos County, the wind farm consists of 50 Vesta wind turbines, and has a 150 MW capacity. The wind farm was constructed and is being operated by Padoma Wind Power, a 50/50 joint venture between NRG and BP. Padoma also has another more wind farm under construction in … Read the rest
Tag Archives: Wind Energy
A-Power Energy (APWR) Reaffirms Earnings Guidance, Soars 55%
A-Power Energy (APWR) is skyrocketing this morning after the company reaffirmed earnings guidance on Friday night with plans to conduct a conference call October 15th at 9AM EST.
John Lin, A-Power’s Chief Strategy Officer and Interim Chief Financial Officer, “We want to reaffirm our earnings guidance, while also noting we anticipate our third quarter 2008 financial statement review will be finalized within the next 30 days, when we will schedule our third quarter earnings call.”… Read the rest
MarketWatch Alternative Energy Special Report – Wind Energy
There are some good reports over at CBS Marketwatch on alternative energies, such as a report about the nations first offshore wind farm, a look at one homeowner who has installed a 45 ft wind turbine in her backyard as well as a few reports on the US power grid. A future report takes a look at the recent extension of tax credits for renewable energies as part of the recent package and a … Read the rest
New Jersey Selects Garden State Offshore Energy (PEG) To Build $1 Billion Wind Farm
New Jersey announced that Garden State Offshore Energy, a joint venture between PSE&G Renewable Generation and Deepwater Wind, to build a $1 billion wind farm off the coast of New Jersey. Located about 16 miles southeast of Atlantic City, the plant would produce 345 MW of clean wind power once completed, enough to power 125,000 New Jersey homes.
The wind farm is part of a push by New Jersey to increase the amount of renewable … Read the rest
GE Energy (GE) Catching A Breeze With Launch Of 2.5xl Wind Turbine In Europe
GE Energy announced that it has already received more than 1 GW worth of commitments to purchase its 2.5xl wind turbine over the next 18 months-enough to power 1 million households. The 2.5xl turbine is GE’s most advanced turbine model to date, and is more efficient, reliable and has a better capacity to connect to the grid than previous turbines. GE has invested $100 million to launch this turbine, and will also expand its … Read the rest
Florida Power & Light Company (FPL) Stops Work On Wichita Falls Wind Farm
Florida Power and Light Company announced it will cancel a 35,000 acre, 210 MW wind power project in Wilbarger County, TX, near Wichita Falls. The project was canceled due to the issues the country has been facing in financial markets as of late, as well as area limitations on the ability to transmit power once it’s generated.
According to Steve Stangel, an FPL spokesman, the company may pick the project back up in the future:… Read the rest
Upgrades: Otter Tail (OTTR) & VeraSun Energy (VSE)
2 upgrades to tell you about this morning – Citi upgraded VeraSun (VSE) from Sell to Hold but lowered the price target from 3 to 1.85, saying “The difficulties in 3Q08 are primarily related to the company’s corn hedging activities as VeraSun chose to lock in significant quantities of corn back in July when the corn market was reaching its peak. Consequently, as corn prices quickly reversed course VeraSun generated large losses on its corn … Read the rest
Duke Energy (DUK) Expands Wind Energy Biz
Duke Energy (DUK) has signed a long term 20 year agreement to sell 99 MW (a single megawatt powers about 200 – 300 homes) from its new Wyoming wind farm to PacifiCorp. Duke will begin building the wind farm early next year which will contain 66 wind turbines generating energy by late 09. The output will serve customers in Wyoming, Utah, Idaho, Oregon, Washington and California.
Duke has also agreed to purchase 100 turbines from … Read the rest
IPO FILING: First Wind Holdings (WNDY)
Check out this new initial public offering from First Wind Holdings Inc. First Wind has applied to take the ticker WNDY on the NASDAQ. As per the company name, the company is involved in wind energy.
For filing purposes it has listed the amount of $450 Million as the amount in shares that it intends to offer. Underwriters are listed as Credit Suisse, Goldman Sachs, and JPMorgan.
Tradingmarkets.com reports that First Wind Holdings revealed … Read the rest
Citron Research Values American Superconductor (AMSC) At $10
Citron Research (formerly StockLemon.com) is known for its in depth research and peeling away the truth behind a company’s numbers, exposing the true nature of the business or lack thereof. Today, they issued a report on American Superconductor (AMSC), calling the company an industrial commodity (who happens to supply the wind industry) rather than an alt energy play. They also bring attention to the request of the company that the SEC withhold key information from … Read the rest