Which companies are going to benefit with the China wind predictions for the year 2020?????
My guess is APWR, AMSC, ZOLT……..Vestas, GE, Gamesa, Iberdrola and others will also benefit!

“XJ Group is a well established manufacturer and supplier of products and services for the Chinese electric utility industry,” said Greg Yurek, founder and chief executive officer of AMSC. “XJ Group will be a strong partner to address the growing needs for high power, high efficiency wind turbines in China and around the world. We look forward to working with them to bring their first wind turbines to market.”

Recent reports have indicated that China may increase its wind power capacity from 6 gigawatts at the end of 2007 to 100 gigawatts by 2020. This type of expansion would require approximately 47,000 2 MW wind turbines over a 12-year timeframe.

Given the polls an predictions and my gut feeling, an Obama win is going to be a great thing for Wind Power for the future. Investing in wind might become favorable again as Obama delivers on his 15 Billion promises to renewables per year for the next 10 years. If Obama wins (and he WILL!!!), Wind is going to come back in fashion……….beat the crowds to the sale 1/2 price off sales! Most wind stocks have been sliced by about 70% in last 3 months during this meltdown globally of stock prices!
AMSC, ZOLT, FAN, PWND all going to rise over time given an Obama win!

Two monsters in USA and global wind that nobody has ever heard of are going to dominate the USA Wind movement. Iberdrola and EDP

across the U.S. by 2012.

Iberdrola and EDP: Deep Pockets
Unlike smaller rivals in the U.S., which are finding it hard to raise funds in tight credit markets, the Europeans are backed by well-capitalized parent companies, allowing them to expand just when others are cutting back. Analysts now expect Iberdrola and EDP to start snapping up some of the cash-strapped independent companies that account for roughly 40% of the U.S. wind-energy business.

“Under current market conditions, the big players such as Iberdrola Renovables and EDP Renovaveis will consolidate in the booming U.S. market,” says Eduard Sala, senior analyst at Emerging Energy Research (EER), a consultancy based in Barcelona and Cambridge, Mass. “Players without finance could be forced to sell, with the large, experienced companies filling the void.”

Consolidation of the U.S. wind industry is due partly to changing economics that have made the sector less attractive to some investors. Oil prices have more than halved since their record highs in July 2008, so projects in renewable sources have become relatively less cost-effective than when energy costs were peaking. A reduction of available credit, as well as rising charges for loans, also has squeezed developers looking for high rates of return from wind farms.

“Investors are facing hard times, because they either can’t find project financing or the economics just doesn’t add up on current energy prices,” says EER’s Sala.

Aggressive Expansion
That has left an opening for well-funded Iberdrola and EDP, which are looking beyond the short term to increase their wind-energy production more than 100% by 2012. For Iberdrola, that means spending $23.4 billion from 2008 to 2012 to increase capacity from 7,700 megawatts to 18,000 MW. Two-fifths of the investment is targeted at the U.S. EDP’s planned rate of expansion is even more aggressive: It wants to add 1,400 MW annually between 2008 and 2012, effectively tripling its existing 3,000 MW capacity to 10,000 MW over five years. Total capital expenditure is expected to top $12.5 billion, with two-thirds earmarked for U.S. facilities

China’s dramatic jump into wind power installations and manufacturing provides a glimmer of hope amidst what is otherwise a terribly polluted picture of unsustainable environmental devestation driven largely by coal-fired power generation. But just a glimmer.

Cambridge, MA-based consulting firm Emerging Energy Research affirmed the wind sector growth last week, issuing an analysis that puts China on track to hit 135,000-megawatt of wind capacity in 2020; EER expects China to lead the world in annual wind installations by 2011. EER’s 135-gigawatt prediction for 2020 marks a big jump up from the already optimistic prediction by Chinese Wind Energy Association secretary general Haiyan Qin that closed our May 2008 reporting on China’s wind sector – namely that his members would have no trouble doubling the official 30 GW national goal for 2020

could this be the ””BELL RINGER”” for the world markets??? Like they say in investing, nobody rings the bell at the bottom to let you know this is the bottom but for one hour of bliss given the MASSACRE of the past 2 months, this is blissful as an investor to look upon the futures and Asia regaining some form of traction!! Will renewables rebound given the body count of the past 2 months???? I am guessing some UNBELEIVABLE bargains this am………..will APWR turn ??? Will First Solar finally gain some bottom??? Will STP be green END of day????? Anything can happen today , and I mean ANYTHING!!!! GO APWR !!!!

Thanks to the Wall street mess, FPL cuts 400MW of Wind .

FPL Cuts 400 MW of Wind Energy Plans
Florida, United States [RenewableEnergyWorld.com]
FPL Energy announced through it’s 3rd Quarter earnings report that it plans to cut back on it’s 2009 wind energy development plans. FPL Energy had previously planned to add approximately 1,500 megawatts (MW) in 2009, but the revised plan is to build approximately 1,100 MW.

FPL said that cutting back in the wind space is part of its plan to cut capital expenditures from approximately US $7 billion in 2009, to US $5.3 billion.

FPL said that cutting back in the wind space is part of its plan to cut capital expenditures from approximately US $7 billion in 2009, to US $5.3 billion. Of the US $1.7 billion reduction, approximately US $1.3 billion involves the deferral of new project development at FPL Energy, including the wind energy projects. In addition, FPL plans to reduce 2009 capital expenditures by approximately $400 million for projects associated with system growth that is no longer expected.

This move, which FPL said is due in large part to the turmoil in the credit and financial markets follows last week’s news that Duke Energy and Xcel Energy will be cutting their solar energy plans and subsidies. Duke said that it will cut its US $100 million solar plans in half and Xcel sent a letter to businesses in the Colorado solar industry saying that it will be cutting its subsidy for solar energy by US $1/watt.

A tsunami of bad news from Wall Street is killing wind energy and investments into wind power. Oil has dropped about $20 per barrel in last 12 trading days. Coal has dropped in price about $20 per metric ton and the price of coal stocks has tanked even worse than oil or wind stocks. Together, nothing makes sense in this horrible stock environment……….especially investing in wind today. Prices can vary day by day but this latest DISASTER in the stock market has caused solar and wind stocks to tank beyond comprehension. Solar was crushed about 15% today alone. Solar has been beaten to a pulp and the glass walls of solar are either the best bargain of the century or the stupidest money I have ever invested=====the Jury is still out on my renewable stock bets. I would use investment as a word but “”BET”" is actually a better word choice given the horror of this market and the global meltdown. APWR was down another 6% today, another beaten to pieces wind play in China. Did I miss the memo from China where China announced they would not buy any wind stocks and would rather pollute their way to prosperity with coal????? Everyone is confused and nothing in investing makes common sense. I only paid $2.35 per gallon for gas this evening on the way home from the dentist. First Wall Street drills me, then the dentist!! Life aint fair given STP is $11 per share!!!! APWR is trading at just over cash position……..the wind ETF’s have been butchered, fileted , and torched……….FAN is just falling, plain and simple. PWND was taken behind the woodshed for last 2 weeks! I was hoping Barack Obama getting elected was going to lift renewable energy stocks , both solar and wind , but given the latest polls showing Barack with 7 point lead and the stock market continues to TANK!! Ok, enough rambling/belly aching from me for today!! 10-27-08 I was hoping would be the BOTTOM of the Wind stocks………..PROBABLY NOT!!!

Illinois is going to land a nice size Wind Farm!!!!
Argan has announced that its wholly owned subsidiary Gemma Power Systems, through its joint venture entity Gemma Renewable Power, has received an initial limited notice to proceed from Grand Ridge II for an approximately $50 million contract to design and build the expansion of a wind farm in LaSalle County, Illinois.

The Grand Ridge wind farm is expected to consist of up to 166 wind turbines and Gemma Renewable Power will provide design and construction of roads, foundations and electrical collection systems in addition to erecting towers, turbines and blades.

Gemma Renewable Power expects to receive the final notice to proceed shortly, subject to negotiation of the balance of plant contract. The project is anticipated to be completed in 2009.

Rainer Bosselmann, chairman and CEO of Argan, said: “We are very pleased to receive approval to move ahead on this important alternative energy project. Gemma Renewable Power was formed to access the tremendous opportunities that exist in the renewable energy sector and we are confident that Gemma’s project management and construction capabilities will contribute to the success of this project.”

given the worlds financial crisis, will some of these previously announced mega deals still go forward??

For Immediate Release:

CLIPPER WINDPOWER AND BP ALTERNATIVE ENERGY FORM JOINT VENTURE TO DEVELOP UP TO 5,050 MW

Wind Energy Project To Be The World’s Largest

Carpinteria, CA (USA) – July 30, 2008 Clipper Windpower Plc (“Clipper”) today announced that it has entered into a 50:50 joint venture, the (“JV”), with BP Alternative Energy (“BP”) to develop the Titan wind project, a 5,050 MW South Dakota-sited wind energy project formerly known as Rolling Thunder. The project is expected to be constructed in multiple phases and, if completed, will be the world’s largest wind facility.

In accordance with the terms of the agreement, Clipper and BP will combine their 50:50 interests in a previously announced 1,550 MW South Dakota joint venture project together with a further 3,500 MW contiguous wind resource to form the expanded 5,050 MW, 50:50 joint venture.

In addition, the JV has agreed it will enter into a Master Turbine Supply Agreement (“MTSA”) which will enable the supply of up to 2,020 of Clipper’s 2.5 MW Liberty wind turbines upon the Project’s successful phase development and subject to the satisfaction of certain conditions in accordance with the MTSA.

“BP’s leadership in recognizing and acting on its commitment to increase its international renewable energy portfolio is exemplary” said James GP Dehlsen, Clipper’s Chairman and Chief Executive Officer. “We are pleased to be moving forward with this milestone development which will provide clean, renewable, and home grown power for approximately 1.5 million average American homes and offset nearly 24 billion pounds of carbon dioxide that would have otherwise been released into our atmosphere if produced by traditional means [according to the national energy mix].”

Dehlsen added, “Both South and North Dakota, with their abundant and renewable wind energy resources are an important part of our Nation’s clean energy, and energy secure future. We look forward to this and future world-class projects of this caliber which continue to be spurred by the growing demand for environmentally responsible and sustainable energy solutions.”

interesting that Utilities buring Coal are warning their investors……….
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AP
US energy company to warn investors on coal plants
Thursday October 23, 3:25 pm ET
By David B. Caruso, Associated Press Writer
US energy company to give investors in coal-burning power plants a warning on global warming

NEW YORK (AP) — A major owner of coal-burning power plants has agreed to tell investors more about how global warming could be bad for business.
New York Attorney General Andrew Cuomo announced Thursday that the energy company Dynegy Inc. has agreed to put detailed information in its financial filings on any material business risks posed by the outcry over climate change.