Monday, November 12, 2007

Alternative Energy Blowing Towards Wind?

According to Wall Street Journal, more and more investors are snapping up wind energy properties, in USA and the investors are also coming from Europe. For instance In October, Germany's E.On AG announced the acquisition of $1.4 billion of North American wind assets from Airtricity, an Ireland-based wind-farm operator.
Southern California Edison made three recent demand-response deals, with Comverge, EnerNOC Inc. of Boston and privately owned Energy Curtailment Specialists Inc. of Buffalo, N.Y. EnerNOC's deal to manage approximately 160 megawatts of capacity for SoCal Edison was its largest to date, valued at $50 million to $75 million. Comverge and Energy Curtailment each struck deals to manage 50 megawatts of SoCal Edison's power.
But Solar power also getting more attention in cases. Ausra Inc., of Palo Alto, Calif., plans to build at least 1,000 megawatts of solar thermal power plants at a cost of roughly $3 billion, says David Mills, the company's chairman and chief scientific officer. Ausra is benefiting from ambitious solar-thermal investment plans on the part of electric power provider FPL Group Inc., which said recently it plans to invest $2.4 billion over several years in solar-thermal and renewable energy projects.
The WSJ Article; Power Plays

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