Archive for July 8th, 2009

APWR Mgt Replies to My Open Letter

basically says that given the right work by the company, the stock price will take care of itself

Short and sweet and to the point! IMHO, APWR at this price is a total gift by December this year!

and YES, I added quite substantially today at these price levels for future price appreciattion!

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  • APWR price has slid to over down 50% from its high of $14.84 a month ago . The current price is below $7 and if you are looking at buying into the wind story of CHINA for the long run, this is a perfect storm for entry point imho. Of course I have thought since $8 was a perfect time but little did I know China would start in country riots and the G-8 Minister would leave talks early sparking a huge sell off in China stocks in general. My poor timing is your perfect entry point, my LOSS is your Gain over time!!!

    I also like AMSC and ZOLT and KDN and WGOV and BOOM at these current price levels

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  • We are a group of investors that have blogged on the Yahoo message board about APWR’s current standing, and where it is heading. We recently wrote to you on transparency and were happy to find a quick response on our concerns and a new post under the companies FAQ, section of your website. Having said that we still feel that APWR is still not communicating as well as you could to Wall Street on future growth from the Shenyang Power Group, and current contracts. As a result the price of the stock has fallen by approximately 50% from its high before the Q1 announcement.
    Our further suggestions to improve on your communication to wall street, would be to report the current contracts in Thailand. We know that it may still be some time before you finalize the larger portion of the contracts but we feel that communicating by way of PR on the first 2 projects of the Thailand project is very important. We first heard that APWR has signed contracts for the first 2 75MW projects in Thailand from the CEO during the Q1 CC. However there was no PR to let all investors know on the progress of the first 2 projects that you have apparently already begun working on. We feel that this is poor communications to Wall Street. Especially since the first two 75 MW projects are accounted for in managements 320 Million revenue target.
    Furthermore, we feel that management should also inform investors on the progress of the 08 wind contracts that were signed. I believe that in total there were approximately 55 wind turbines to be completed by this month. We would like to know if those contracts are still in good standing, and if the deadline for delivering those turbines has been moved to a future deadline.
    Finally, we would still like to see more pictures, or videos on the progress of the first 2 wind turbines. Along with other projects. The price of the stock has steadily moved lower with the market. Although we know that managements greatest concern should be with running its business which would translate into better stock prices. We feel that management can do a better job with providing updates to any projects. These updates can include pictures that are posted on the website.
    We hope that our suggestions are looked into seriously, with understanding that we still believe in management and their capabilities to make APWR into a Billion dollar international company. The only suggestions from us are to improve communication and transparency with wall street.

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  • AES Building 400MW Indiana Wind Farm

    INDIANAPOLIS – The parent company of Indianapolis Power & Light Co. is planning a wind farm with 200 or more towers that could become the state’s largest generator of the alternative energy.

    AES Corp. plans to build the wind turbines in a 75,000-acre area along the Clinton-Tipton county line north of Indianapolis, The Indianapolis Star reported Saturday. The project would cost up to $1 billion and mark central Indiana’s entry into the growing market.

    Paul Burdick, a vice president of Arlington, Va.-based AES, said the company hopes the wind farm will produce 400 megawatts of electricity, or roughly the output of a midsize coal-burning power plant and enough to power about 400,000 homes.

    Turbines could start going up next year, Burdick said.

    A 400-megawatt project would be the largest wind farm project in Indiana so far. A 300-megawatt project for American Electric Power in Benton and Tippecanoe counties is due to come online this year.

    AES has nearly completed lease negotiations.

    Clinton County farmer David Ristow said several European companies also approached him about leasing land for a wind farm, but AES offered the best deal and prospects to him and other landowners.

    Landowners also liked the fact AES is a U.S. company, has ample resources to complete the project, owns the power utility serving Indianapolis, and wants to take on the entire wind farm project by itself, Ristow said.

    AES has offered landowners $5,000 to $10,000 for each wind turbine on their land, plus smaller payments for easements on lines and access roads, the Star reported. In Clinton County, it would amount to $2 million or more in annual lease payments — a fraction of the $100 million farmers collect from grain production.

    Indiana ranks 14th among states in wind-energy output, the American Wind Energy Association reports. Its first full-scale wind development, a 130-megawatt facility in Benton County, came online last year. Several other northern Indiana wind farms that generate a total of 400 megawatts were finished earlier this year.

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  • China’s ambitious plan to increase wind power capacity could attract up to $150 billion (91.4 billion pounds) in investment, but Beijing will have to get serious about revamping regulations and building much needed infrastructure. Skip related content
    China is set to raise its wind power capacity to 100 gigawatts (GW) by 2020, eight times its current level and more than Britain’s entire current power capacity, as part of a stimulus package aimed at boosting renewable energy.

    Shares of wind firms such as China High Speed Transmission (CHST), the country’s biggest maker of wind turbine gearboxes, have risen over 60 percent this year on expectations China will soon unveil more incentives to develop wind energy.

    China, the world’s second biggest energy consumer, is also the top greenhouse gas polluter, and the threat of climate change is driving Beijing to take a series of initiatives to restrain the country’s greenhouse gas emissions by power plants.

    “We see wind as the best investment option, as it is the world’s most commercial green energy,” said Nomura analyst Clarisse Pan, who expects China’s wind industry growing at up to 24 percent a year through 2020.

    While private funding for wind projects is expected to soar, new transmission lines will have to be constructed as more wind power farms are built.

    And faced with tough regulatory hurdles, some firms might be discouraged and hold off investments, making it difficult for China to set its targets.

    “The market is too unstable (for us) to take the risk,” said Suzlon Energy China chief executive Paulo Fernando Soares, referring to government’s large-scale project tenders where foreign firms like Suzlon are struggling to compete with local companies.

    India’s Suzlon is the world’s fifth-largest wind turbine maker.

    Cash perks and tax breaks for wind projects spurred growth in China’s wind sector, attracting over $2 billion in investment from the world’s biggest wind firms including Denmark’s Vestas, Spain’s Gamesa and GE Energy over the past five years.

    China’s rise to become the world’s fourth largest wind power producer benefited local wind firms like turbine makers Sinovel Wind, Goldwind Science and Technology, and Dongfang Electric. Together they now account for over 50 percent of a market once dominated by foreign firms

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