Jim Cramer, that wild man who vociferously picks or pans stocks on CNBC’s “Mad Money with Jim Cramer,” says wind energy is a winner in his book of stocks. This posting on TheStreet.com says the Mad Man calls wind power “the cheapest form of renewable energy out there”: To help illustrate the many great companies involved in the wind power …
DOE Says ‘20% Wind Energy by 2030’ an Attainable Goal
The U.S. Department of Energy says current wind power technology is capable of powering 20 percent of the nation’s electricity. A DOE report, “20% Wind Energy by 2030,” finds an acceleration in the growth of wind power could reduce national consumption of natural gas by 11 percent and consumption of coal by 18 percent each year. The report states that …
First-ever IPO for Wind Energy Company Planned
A Connecticut-based wind power company plans to be the first solely focused wind energy business in the U.S. to go public with an Initial Public Offering (IPO) on the Nasdaq later this year. This story on CNNMoney.com says Noble Environmental Power Inc. plans to raise up to $375 million through the IPO under the symbol “NEPI”: Noble Environmental currently operates …
Oilman Makes Major Wind Investment
A man entrenched in the oil business is looking to the wind for the future. This story from Engadget.com says billionaire oilman T. Boone Pickens is investing $2 billion in a 667 turbine wind farm in Texas: That would translate to roughly 1,000 megawatts of electricity, or enough to power about 300,000 homes, but Pickens says that is only the …
National Wind Building Major Nebraska Project
Wind power builder National Wind Assessments is putting up a major project in Nebraska. This company press release says National Wind will put in 10, 60-meter meteorological (met) towers for Nebraska Public Power District (NPPD), which serves about one million customers in the state: Nebraska ranks sixth in the country in wind power potential, but currently ranks 19th in installed …
Bubble in Renewables Feared
A report out from accounting firm KPMG says that 60 percent of executives believe that consolidation in the renewable energy sector will continue. That’s leading to fears that a bubble may be developing in the solar, wind, and biofuel sectors as bidders compete for assets and send prices sharply higher. This story from Reuters says many of those same executives …
Obama Calls for Greater Fed Role in Wind Power
Democratic Party presidential candidate Sen. Barack Obama has called for a greater role for the federal government in the wind energy business. He believes with the proper amount of help, the industry could produce half of the nation’s energy needs. The senator made the remarks during his first campaign stop in the state that is becoming a leader in wind …
DOE: Wind Could Provide 20% of US Power
A new report from the U.S. Department of Energy says that America could get 20 percent of its power from wind energy in about the next 20 years. This agency press release says it will mean increasing the amount of wind power by nearly 20 times current production levels… a doable number according to the DOE: Entitled “20 Percent Wind …
Major Wind Project Planned for Minnesota
In a move to expand its renewable wind energy development, while reducing carbon emissions, Minnesota Power has announced a plan to buy a North Dakota power line and use that infrastructure to move wind-generated electricity. This article from Finance and Commerce says that the Duluth-based company has already been buying about half of the coal-generated power that has been moving …
CO Getting World’s Largest Wind Turbine Factory
Colorado could soon be home to the world’s largest wind turbine factory. However, officials with the company building the facility is remaining tight-lipped about exactly where in Colorado it would be built. The Greeley (CO) Tribune reports Denmark-based Vesta Wind Systems won’t say whether it intends to build the plant with its current factory in Windsor: The near $250 million …