Wind power on pace to zip past nuclear power worldwide
With the wind at its back, global wind power generation capacity has increased 10-fold over the past decade and is on pace to surpass nuclear power output within five years, according to industry experts.
Spain Imposes "Temporary" Halt to New Renewable Energy and Co-generation Projects
Faced with growing fiscal challenges and the specter of increasingly trigger-happy credit rating agencies, the new center-right Spanish government has acted to temporarily put a halt to awarding new feed-in tariff (FIT) contracts starting in January 2013. The move is expected to have immediate impacts on approximately 4,500 MW of wind power projects, 550MW of solar PV projects, as well as a number of projects in other technology classes.
INTRO Here's my semi-annual exercise to see if I remember why I own the stocks I own, and so I can check back and see if their stories have changed. I post in case it helps others too.
AMSC (was called American Superconductor) AMSC (market cap $0.244B) AMSC started as a company built around making and selling superconducting cables. The cables aid high-efficiency power transmission the way fiber optics aid telecommunications; i.e. high tech sends more stuff down a much smaller pipe. That has big implications for the energy efficiency of power transmission, power regulation, and motors. Along the way they bought a wind turbine design company that brought them early revenue while the technical side of the superconducting cables was worked out. The wind turbine side did marvelous, until their customer backed out, possibly because they'd learned (possibly inappropriately) to compete with AMSC. That situation is now the focus of a major court case in China. I expected the cable news to be more obvious by now, but the main news seems to be about the Tres Amigas Power Interconnector rather than sales of cables, regulators, or motors. They continue to make tens of millions of dollars but that's down from the hundreds of millions they made when Sinovel was their customer.
I am hesitant about the company because they seemed to have lost their momentum when their intellectual property was stolen. But that IP was for wind power, not superconducters. But, where's the news of the big orders for cables and the retrofits of large urban centers? The name change suggests that they are de-emphasizing superconductors, but that puts the focus back on wind power where they had their problems. Even if they win their court case, it will take years and will never fully compensate them for the delays (or me because I'll probably have been forced to sell by then. Bills must be paid.) I think they have tremendous potential, and their price/sales, price/book, and debt all are favorable. Power efficiency will continue to gain prominence and that industry should grow.
I might buy more if I had the discretionary funds, but I'd buy slowly as I listened for the sound of them gaining traction via sales.
DISCLOSURE LTBH since 2003 but the first shares were sold years ago. I bought more after the main drop, and have been surprised that the knife continued to fall. Unfortunately, I may have to sell if I can't find a job or sell my house. (I've also collected links to the other discussion boards and my other stocks over on my blog trimbathcreative.wordpress.com)
American Superconductor (AMSC) | Stock Discussion ForumsShare
The Vast Potential for Renewable Energy in the American West
Arizona, California, Colorado, Nevada, New Mexico, and Utah—the “Four Corners” states plus their western neighbors—are home to some of the best renewable electricity potential in the country.
This issue brief assesses the federal government’s “reasonably foreseeable development scenarios” for the likelihood of renewable energy development on public lands in these six states. These analyses examine the economic and policy conditions in the six states to determine how much renewable energy on public lands could realistically be generated over 20 years and we find that more than 209,000 direct jobs could be created by building these 34.4 gigawatts.
France Taxing Carbon Emitters in an Effort to Overhaul Consumer Energy Costs
The country plans to use more wind power and solar power and lessen its dependance on nuclear energy.
The government will also start tenders by the end of the year for two offshore wind parks near Le Treport in the Channel and Noirmoutier island off the Atlantic coast, as well as large- scale solar installations, Ayrault said. This will be accompanied by a streamlining of administrative procedures for development of onshore turbines. EDF and partners including turbine maker Alstom SA won in April a French government tender to build three offshore wind farms, while Iberdrola SA got one. That first round was for almost 2,000 megawatts that will add an estimated 1.1 billion euros to household electricity bills when the wind farms are running, the government has said.
France, which doesn’t yet have any offshore wind power, plans to install 6,000 megawatts of offshore wind, tidal and wave power by 2020 to boost clean energy.