U.S. Wind Industry Forms Advocacy Group
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In the past several months, Wild Oats Market (Nasdaq:OATS) has been upgraded to “buy” by numerous analysts that project the long-awaited turn-around the company is here. Lately, same-store sales have been growing faster than expected. RBC Capital Market upgraded the company from sector perform to outperform. Analyst Edward Aaron also raised his 12-month stock price target to from $11 to $15, his 2005 earnings estimate from breakeven to 3 cents a share and his 2006 forecast from 15 cents to 30 cents a share. He believes second-quarter same-store sales growth could top forecasts of 3% to 4%.
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Greenlight Energy, Inc., has received the go-ahead to build one of the largest wind farms to-date and the largest planned in Colorado. The permit allows Greenlight Energy to develop a 200-300-megawatt wind farm over 15,000 acres in rural Washington County. It would provide energy for some 90,000 homes. The Construction on the estimated $250-350 million project could begin as early as 2006 after completion of a power purchase agreement and remaining development work. “The Akron project offers many attractive features for development,” said Matt Hantzmon, Managing Director of Greenlight Energy. “The community has been very receptive, the location is ideally situated near transmission lines and the state’s renewable portfolio standards provide strong incentives for wind energy development.” Three utilities have transmission facilities in Northeastern Colorado proximate to the facility. They are: Xcel Energy, Tri-State Generation and Transmission Association and Western Area Power Administration. Colorado requires the state’s largest utilities to obtain 10 percent of their electricity from renewable energy resources by 2015. “The Greenlight Energy wind project represents a significant investment in the future of Akron and Washington County,” said Rick Kusel, president of the Washington County Economic Development Corporation. “It will boost our economy and establish the area as […]