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Progressive Investor Releases Report, 'Investing in Wind Energy'

For over a decade, wind has been the world’s fastest growing energy source on a percentage basis. The industry has been growing at 28% a year for the past five years, and if growth trends continue at this pace as is expected, wind capacity will double about every three or four years. “In the three years since we produced our first report, Investing in Wind, we’ve seen the complexion of the industry change from a blossoming, mostly regional industry based in Europe, to a worldwide industry that is becoming increasingly corporate, and experiencing growing pains in the process,” notes Rona Fried, Editor. Whereas the industry used to be centered in Europe, and mostly in Germany, now 50 countries are actively installing turbines, employing 100,000 people. Wind turbine manfacturers have become truly global companies, operating worldwide. The drivers for growth are government support, the advent of renewable energy certificates (RECs) and most notably, the influx of deep pocket, mainstream financial investors and wind park developers, from Goldman Sachs to Babcock & Brown, which are taking the industry to a completely new level. Renewable energy project finance is rising dramatically, from US$10.8 billion in 2004 to $18.2 billion last year. The preponderance […]

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Progressive Investor Releases Report, 'Investing in Wind Energy'

For over a decade, wind has been the world’s fastest growing energy source on a percentage basis. The industry has been growing at 28% a year for the past five years, and if growth trends continue at this pace as is expected, wind capacity will double about every three or four years. “In the three years since we produced our first report, Investing in Wind, we’ve seen the complexion of the industry change from a blossoming, mostly regional industry based in Europe, to a worldwide industry that is becoming increasingly corporate, and experiencing growing pains in the process,” notes Rona Fried, Editor. Whereas the industry used to be centered in Europe, and mostly in Germany, now 50 countries are actively installing turbines, employing 100,000 people. Wind turbine manfacturers have become truly global companies, operating worldwide. The drivers for growth are government support, the advent of renewable energy certificates (RECs) and most notably, the influx of deep pocket, mainstream financial investors and wind park developers, from Goldman Sachs to Babcock & Brown, which are taking the industry to a completely new level. Renewable energy project finance is rising dramatically, from US$10.8 billion in 2004 to $18.2 billion last year. The preponderance […]

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Evergreen Solar Gets $125M Contract

Evergreen Solar, Inc. (Nasdaq: ESLR), a manufacturer of solar power products, has entered into a multi-year supply contract with Donauer Solartechnik, a German-based solar power distributor. The agreement calls for Evergreen Solar to ship approximately $125 million of photovoltaic modules to Donauer over the next four years, based on current exchange rates. “Donauer has been an outstanding distribution partner for Evergreen Solar for several years, and we look forward to our expanded relationship,” said Richard M. Feldt, Evergreen Solar’s president and chief executive officer. “With more than $100 million in 2005 sales and well over 1,000 customers, Donauer is one of the fastest growing distributors in Europe. They have built an outstanding reputation in the industry, successfully serving the residential and small commercial segments by supporting numerous local installers with products and related support services. Working with Donauer, we plan to continue expanding our presence in Germany as well as emerging markets such as Spain, Portugal and Italy.” “Donauer Solar is pleased to have entered into this distribution agreement with Evergreen Solar. This provides us with a higher volume of modules to enable our expansion efforts throughout Europe and increase our sales in Germany as well,” said Rudolf Donauer, president […]

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Pathmark Partners With Northern Power to Install Systems

Northern Power, a subsidiary of Distributed Energy Systems Corp. (Nasdaq: DESC), has been awarded a contract by Pathmark Stores, Inc. (Nasdaq: PTMK) to provide three turnkey photovoltaic (PV) systems to Pathmark’s Garwood, Elizabeth, and Lawnside, New Jersey, supermarkets. The turnkey systems, which will have a total capacity of 750 kilowatts, will be designed, built and commissioned by Northern Power in association with New Jersey-based BGA LLC Engineering. The design and efficiencies of Northern Power’s turnkey PV systems are in compliance with the requirements of the New Jersey Clean Energy Program (NJCEP) and are expected to qualify for the NJCEP Customer Onsite Renewable Energy (CORE) rebate program, a financial incentive that would reduce Pathmark’s cost by more than $2.5 million. In addition to the rebate, the systems will also generate solar renewable energy certificates (SRECs), which the state’s utilities and other electric suppliers are required to purchase in order to comply with the New Jersey Renewable Portfolio Standard. Northern Power will purchase the SRECs from Pathmark at a guaranteed price per kilowatt-hour (kWh) for five years. The systems will also qualify for 30% federal investment tax credits and federal accelerated depreciation tax benefits. Northern Power will design and build three separate […]

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DayStar Expands Operations

DayStar Technologies, Inc. (Nasdaq: DSTI), a developer and manufacturer of Photovoltaic Foil(TM) products, has expanded its operations through the creation of a new operating division, the Equipment Development Group, and it has leased an existing 50,000 square foot facility in Santa Clara, California to house the division. The expansion initiative is driven by DayStar’s strategy to accelerate and better control the development of its proprietary Gen III(TM) roll-to-roll continuous production platform. DayStar presently occupies 23,500 square feet of office and manufacturing space in Halfmoon, New York. This facility houses their Gen I and Gen II production lines, which are designed with limited production capacity. The new Gen III(TM) manufacturing line will be housed in a larger New York facility, planned for occupation in 2007 at the Saratoga Technology + Energy Park (STEP), and will expand the Company’s production capacity to address commercial market demand more rapidly. The web-based roll-to-roll deposition systems required for DayStar’s Gen III(TM) Photovoltaic Foil(TM) are highly specialized, custom tools available from only a few commercial vendors quoting long lead times and high costs. The challenges of working with these select equipment manufacturers, all located in Europe and Japan, have led DayStar to vertically integrate its internal […]

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