17 Jan
China power needs are enormous and coal cannot produce all the new power needed. China needs one gigawatt per week of new power. State of California needs one gigawatt new electricity per year, and India needs one gigawatt new electricity every other week.
Soaring Global Energy Demand
The International Energy Agency projects that the global energy demand will increase by 50 percent between now and 2030. The energy demand of California, the world’s fifth largest ‘country’ with a population of 55 million, for example grows by one gigawatt per year. China adds one gigawatt per week and India adds one gigawatt every other week. “Oil supplies cannot cover this soaring energy demand. There will soon be a gap between demand and supply,” Mays said. About 70 percent of the new power production in China and India will therefore be coal based, said Paul Ezekiel, head of Global Carbon Trading at Credit Suisse. But to tackle the impact of climate change, carbon dioxide (CO2) emissions caused by fossil fuels such as oil and coal need to be cut significantly. He underscored that a third of the necessary emission cuts need to take place in the power and transport sectors, while another quarter of the cuts need to result from forestry. And it is important to act now. The impact of climate change could cost 5 to 20 percent of the gross domestic product (GDP) if no action is taken, while the cost of action would only cost about 1 percent of GDP, the experts said citing the Stern report on climate change.
17 Jan
I voted for the VERY FIRST GREEN President !!!! Everyone keeps talking and going crazy over the first black president being elected!!! How about the very first GREEN President??? I am hoping President Obama sticks to his campaign pledges and we make wind power an everyday solution to our pollution problems. May the world wake up next Wednesday morning asking ””which wind stocks should I invest in for the next eight years?????”"” End of story, AMSC and Vestas going north over time!
17 Jan
17 Jan
President Obama (the hell with calling him president elect cause OBAMA is MY president already) is going to announce to the world that the United States of America is going to go critical mass on wind power. Wind stocks will soar in the next eight years cause Obama will be doing two terms guaranteed once folks figure out how smart he truly is and his energy policy will be just one of the shining stars for the next eight years.
Stocks poised to climb are anything wind energy related but alot of wind energy stocks are actually a combination of other divisions which makes me only recommend a few true wind stocks. Case in point is General Electric , 2nd biggest wind maker in the world but with 9 other divisions making up GE, the wind side of GE is only about 1/10th of the equation. Trinity is another example, they make wind turbine towers but their main business is railroad car leasing.
The only two TRUE AMERICAN companies I recommend for wind energy exposure are Vestas (VWDRY) and American Superconductor, both focused on wind power and wind energy. Vestas is the world leader in wind power controlling 24% of the current wind energy market world wide.
17 Jan
Barrons article this weekend on Obama and the new renewable policy coming for 2009. Vestas (VWDRY) and AMSC are both mentioned in the article:: APWR will also get a POP on Tuesday as folks try and figure out what investments to be in for the Obama period.
AMSC): Using superconducting technology, it moves electricity very fast and with little dissipation over long distances. As a result, a city like New York could economically import some of its power from windmills far away. American Superconductor has a market cap of $721 million and is expected to lose 34 cents a share for 2008. The stock trades at 16.68.
Vestas Wind Systems (VWS.Germany): A Danish company that offers a soup-to-nuts menu in wind power. It can provide the wind mills, build a wind farm and operate it, if the owner chooses to go that route. It has a market cap of $9.8 billion and trades at a 12.4 multiple of its estimated $4.26 in 2009 earnings per share.
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