Every day we hear the doom and gloom of another company announcing layoffs. Well, it’s time for a little good news.
Wind turbine maker Vesta Wind Systems has announced it will hire nearly 3,000 more people in the U.S.
This story from Marketwatch.com says the Denmark-based company believes it will be able to cash in on Pres. Obama’s push for alternative energy:
While other major corporations lay people off to preserve their shrinking bottom lines, Vestas’ fortunes have grown as the world attempts to wean itself off fossil fuels and promote sources of power that don’t contribute to global warming.
Although some critics object to paying subsidies to overseas companies, [Vestas Wind Systems CEO Ditlev] Engel argues that Vestas plans to invest more heavily here than others.
He also pointed out that U.S. investors also stand to benefit if the company prospers, since nearly a third of the company’s equity holders are based here. And the U.S. remains the largest potential marketplace for Vestas….
For Engel, the U.S. offers some of the best wind resources in the world, and he’s gearing up to put 4,000 employees on the Vestas payroll here, up from about 1,200 now, during the worst economic downturn in a generation.
Engel goes on to say that the U.S. has the best wind resources in the world. He likens not harvetsing wind in America to not drilling for oil in Saudi Arabia.
He and other wind companies will be closely watching Friday’s vote on the economic stimulus package.


Renewable energy could get a share of the nearly $800 billion in the compromise version of the U.S. House and Senate’s economic stimulus bills.

This week at the Chicago Auto Show, a wide array of vehicles are being displayed; many of which are alternative fuel vehicles. Even though the price of gasoline is much lower than in past months, the CAFE rule that mandates auto manufactures average 35 mpg for their fleet of vehicles still applies, meaning more vehicles are being offered with an alternative fuel-capable engine. 
“These environmental groups are stirring up fear for the American public at a time when Americans are already struggling due to the faltering world economy, job losses and high costs of food brought on by some food companies’ record profits and greed,” said
Two biodiesel projects have garnered $150,000 worth of state grants from the Colorado Agricultural Value Added Development Board… a branch of the state’s Department of Agriculture.
In the wake of Air New Zealand, Continental Airlines and Japan Airlines successfully testing biodiesel in their airliners, discount flyer JetBlue has announced it will try biofuels in its Airbus A320-200 by the spring of 2010.
According to Motor Trend, the E85 compatible Saab 9-3X will appear at the Geneva Auto Show. The wagon is similar to the Audi Allroad. It is to appeal to outdoor enthusiasts looking for an alternative to large SUVs.
Two bills aimed at helping the renewable energy business in Virginia have advanced in the State Legislature.