Vestas Wind Systems A/S
Vestas Wind Systems A/S (Nasdaq: VWS), the world's largest maker of wind turbines, has announced that it has received a 59-megawatt order from Exelon Wind, a division of Exelon Power with operations in eight states, for a project in eastern Michigan.
BMO financial group (NYSE: BMO) was named one of the top 20 companies in the world in terms of its renewable energy usage, by the global Corporate Renewable Energy Index (CREX).
Google Inc. (NASDAQ: GOOG) and Citigroup Inc. (NYSE: C) said Tuesday they are each providing $55 million to help finance Terra-Gen Power LLC’s 102 megawatt (MW) Alta IV wind power project in the Mojave Desert at Tehachapi, California.
It was another underwhelming week for the stock markets, with the broad markets and broad clean energy indices all losing ground over the five days.
The only strongly positive clean energy sector was wind power and technology, with the EnergyBoom Wind Subindex (E•B Wind) increasing 1.35% and the First Trust Global Wind Energy ETF (FAN) climbing 0.90%. Biggest loser was the solar power and technology sector, with the EnergyBoom Solar Subindex (E•B Solar) falling 7.34% and the Guggenheim Solar ETF (TAN) dropping 6.27%.
Denmark-based wind turbine manufacturer Vestas Wind Systems A/S (OTC: VWDRY.PK) said Saturday it has won a contract to supply 34 V90 3-megawatt (MW) turbines to a 102 MW wind energy project in Tehachapi, California, owned by Brookfield Renewable Power and Coram Energy Group.
The rapid pace of wind power technology improvements became evident today as Vestas Wind Systems A/S (OTC: VWDRY.PK) announced it had signed the first repowering contract in Portugal since the government passed legislation designed to increase the output from existing wind power farms by up to 20%.
In his State of the Union address, President Obama called for “winning the future” by innovating world-beating clean energy technologies.
Here are three U.S. companies that are already winners by the President’s definition -- and are also enriching their shareholders: Polypore International, Inc. (NYSE: PPO) (market cap $2.41 billion) up 32.75 percent year to date, up 322 percent in 12 months; Hexcel Corporation (NYSE: HXL) (market cap $2 billion) up 13.8 percent year to date, up 89.4 percent in 12 months; Amtech Systems, Inc. (NASDAQ: ASYS) ($239 million) up one percent year to date, up 187 percent in 12 months.
Solar power technology companies continued this week to lead the overall green indices and ETFs as well as the broad markets.
The EnergyBoom Solar Subindex (E•B Solar) increased 4.06 percent and the Guggenheim Solar ETF (TAN) gained 3.32 percent on the week, compared with the S&P 500 (+0.13 percent), the Dow Jones Industrial Average (+1.43 percent) and the NASDAQ composite ( -1.51 percent).
The EnergyBoom Wind Subindex (E•B Wind) increased 2.27 percent this week to beat the broad market indices and other green sector indices, including First Trust Global Wind Energy ETF (FAN) (+1.09 percent) and NASDAQ OMX Clean Edge Global Wind (^QWND) (+0.65 percent).
E•B Wind was led by Gamesa Corporacion Tecnologica, S.A. (OTC: GCTAY.PK) which increased 7.75 percent (-52 percent year to date) and Vestas Wind Systems A/S (OTC: VWDRY.PK) which increased 7.04 percent (-47 percent YTD) .
