Former Pirelli North America CEO Says Time Is Right for Electric Vehicles; Announces International Distribution With ZAP
ROME, GA - Jul 29, 2008 - Former Pirelli Tire North America president and CEO Gaetano "Guy" Mannino, after a lifetime of association with the auto industry, is speaking out about electric car technologies and his recent business venture with ZAP (OTC BB:ZAAP.OB - News).
Mannino's company, Verdek, has agreed to be the distributor for ZAP in the state of Georgia, where Mannino's business is headquartered. However, in an interview this week with www.CEONEWS.tv, Mannino talks about his plans for ZAP in the US and abroad.
"I am working with ZAP to bring the products into Europe," Mannino told CEONEWS.tv. "There is potential for a branch in Italy. In Italy it is getting close to $10 a gallon. The size of the ZAP vehicle is perfect for that market. I think there is a big opportunity." Hear the complete interview at http://www.CEONEWS.tv.
Earlier this month, www.GlobalAtlanta.com, an online news source representing Atlanta's role in the global marketplace, interviewed Guy Mannino and took a test drive in a Xebra city-speed electric car. Link: http://stories.globalatlanta.com/2008stories/016206.html
Mannino issued a statement as a call to action in June for corporate America to stop talking 'green' and start driving 'green.'
"Now is the time for corporate America, as well as Federal, State and local governments, to take action and proclaim our independence from oil and gas," he continues. "Now is the time for electric vehicles that lower fuel costs, as well as combat pollution and global warming."
For more information about Verdek and Verdek-EV, please visit the tri-lingual (English, Spanish and Italian) web sites at www.Verdek.com and www.Verdek-EV.com.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, electric, hybrid and other innovative power systems, ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias. ZAP is also developing a new generation of vehicles using lithium batteries. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
ZAP is a featured Company on Investorideas.com Green portals, China portal and Tech portal.
For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp
Contact:
Alex Campbell
ZAP
707-525-8658 x 241
acampbell@zapworld.com
Source: ZAP
Tuesday, July 29, 2008
Former Pirelli North America CEO Says Time Is Right for Electric Vehicles; Announces International Distribution With ZAP
Labels:renewable energy and cleantech stocks
electric cars
Sunday, July 27, 2008
GT Solar International, Inc.- trading following IPO
GT Solar traded as high as $17 on its first day of trading - up from its IPO price of $16.50 but then came off with market conditions .
The new solar deal was off again on its second day of trading - closing at 12.59 USD on Friday .
A lot of market analysts think it was a case of bad timing - a bad day to come public in the market .
On July 24th GT Solar International, Inc. (NASDAQ: SOLR) announced their IPO of 30.3 million shares of its common stock priced at $16.50 per share. All of the shares are being sold by one selling stockholder, GT Solar Holdings, LLC. The selling stockholder has also granted the underwriters an option to purchase up to an additional 4,545,000 shares of common stock to cover over-allotments, if any. Credit Suisse Securities (USA) LLC and UBS Investment Bank acted as joint book-running managers for the offering, and Banc of America Securities LLC, Deutsche Bank Securities, Piper Jaffray and Thomas Weisel Partners LLC acted as co-managers.
A copy of the prospectus relating to the offering may be obtained by contacting: Credit Suisse Securities (USA) LLC, Eleven Madison Avenue, New York, New York, 10010-3629 (800-221-1037) or UBS Securities LLC, 299 Park Avenue, New York, New York, 10171, Attn: Prospectus Department (888-827-7275, ext. 3884).
A registration statement relating to the offering was filed with and declared effective on July 23, 2008 by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About GT Solar International, Inc.
GT Solar International, Inc. is a leading global provider of specialized manufacturing equipment and services essential for the production of photovoltaic wafers, cells and modules and polysilicon. The company’s principal products are directional solidification systems and chemical vapor deposition reactors and related equipment.
The new solar deal was off again on its second day of trading - closing at 12.59 USD on Friday .
A lot of market analysts think it was a case of bad timing - a bad day to come public in the market .
On July 24th GT Solar International, Inc. (NASDAQ: SOLR) announced their IPO of 30.3 million shares of its common stock priced at $16.50 per share. All of the shares are being sold by one selling stockholder, GT Solar Holdings, LLC. The selling stockholder has also granted the underwriters an option to purchase up to an additional 4,545,000 shares of common stock to cover over-allotments, if any. Credit Suisse Securities (USA) LLC and UBS Investment Bank acted as joint book-running managers for the offering, and Banc of America Securities LLC, Deutsche Bank Securities, Piper Jaffray and Thomas Weisel Partners LLC acted as co-managers.
A copy of the prospectus relating to the offering may be obtained by contacting: Credit Suisse Securities (USA) LLC, Eleven Madison Avenue, New York, New York, 10010-3629 (800-221-1037) or UBS Securities LLC, 299 Park Avenue, New York, New York, 10171, Attn: Prospectus Department (888-827-7275, ext. 3884).
A registration statement relating to the offering was filed with and declared effective on July 23, 2008 by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About GT Solar International, Inc.
GT Solar International, Inc. is a leading global provider of specialized manufacturing equipment and services essential for the production of photovoltaic wafers, cells and modules and polysilicon. The company’s principal products are directional solidification systems and chemical vapor deposition reactors and related equipment.
Labels:renewable energy and cleantech stocks
GT Solar
Thursday, July 24, 2008
Driving Green; Electric Minis Charge Up Consumers
Driving Green; Electric Minis Charge Up Consumers
Delta, B.C. July 24, 2008 -InvestorIdeas.com, Renewableenergystocks.com
Driving Green at InvestorIdeas.com- http://www.investorideas.com/dg/ with Host Dawn Van Zant
To listen to the Podcast: click here :
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/dg072408.mp3
BMW has Mini fans charged up with news that they plan to sell the much talked about all-electric versions of the Mini car in the U.S., starting summer 2009.
Mini’s USA Vice President, Jim McDowell, would not give all the specifics on the electric mini as to where, when and how many, addressing the previous “500” number rumored to be available in California, but did confirm they would be available for consumers next year. He did state,” "The world is moving in our direction. The overall market is down 10%, but small-car sales are up 11%. People are trading in Ford F-150s and Hummers for Minis."
According to a recent press release from BMW, “The MINI is also continuing to enjoy a high level of demand worldwide. The number of vehicles delivered in the period to the end of November rose by 16.1% to 202,076 (prev.yr.: 174,082) vehicles. This means that as many MINI cars were sold in the first eleven months of the year as in the whole of the top-selling year 2005 (200,400 units). In November, 19,078 (prev.yr.: 13,402) vehicles were delivered to customers. Compared to the same month last year, this was an increase of 42.4%.”
In other electric car news, General Motors announced that it will collaborate with the non-profit Electric Power Research Institute (EPRI) - more than 30 of the top electric utilities in the United States and Canada to accelerate the introduction of plug-in electric vehicles.
To research our full list of Green Automotive Stocks - visit our stock directory at RenewableEnergyStocks.com
http://www.renewableenergystocks.com/Companies/RenewableEnergy/stock_list.asp
To research Fuel cell cars – visit Fuelcellcarnews.com within Investorideas.com
Also visit the new Green Investor at Investorideas.com featuring audio interviews with Industry leaders including Google at: http://www.investorideas.com/gi/
I welcome ideas, suggestions and feedback as we travel together on the green highway.
dvanzant@investorideas.com
Driving Green http://www.investorideas.com/dg/ Sponsor – (Advertisement)
ZAP (OTCBB: ZAAP) has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, electric, hybrid and other innovative power systems, ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias. ZAP is also developing a new generation of vehicles using lithium batteries. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops.
* ZAP is a featured company and compensates Investorideas.com for advertising.
Please read our full disclaimer at InvestorIdeas.com
http://www.investorideas.com/About/Disclaimer.asp and the driving green Podcast page http://www.renewableenergystocks.com/dg/default.asp
Compensation Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
About Our Green Investor Portals:
www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy and GreenTech Business and Stock News RSS Feed:
http://www.investorideas.com/RSS/feeds/RES.xml
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Delta, B.C. July 24, 2008 -InvestorIdeas.com, Renewableenergystocks.com
Driving Green at InvestorIdeas.com- http://www.investorideas.com/dg/ with Host Dawn Van Zant
To listen to the Podcast: click here :
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/dg072408.mp3
BMW has Mini fans charged up with news that they plan to sell the much talked about all-electric versions of the Mini car in the U.S., starting summer 2009.
Mini’s USA Vice President, Jim McDowell, would not give all the specifics on the electric mini as to where, when and how many, addressing the previous “500” number rumored to be available in California, but did confirm they would be available for consumers next year. He did state,” "The world is moving in our direction. The overall market is down 10%, but small-car sales are up 11%. People are trading in Ford F-150s and Hummers for Minis."
According to a recent press release from BMW, “The MINI is also continuing to enjoy a high level of demand worldwide. The number of vehicles delivered in the period to the end of November rose by 16.1% to 202,076 (prev.yr.: 174,082) vehicles. This means that as many MINI cars were sold in the first eleven months of the year as in the whole of the top-selling year 2005 (200,400 units). In November, 19,078 (prev.yr.: 13,402) vehicles were delivered to customers. Compared to the same month last year, this was an increase of 42.4%.”
In other electric car news, General Motors announced that it will collaborate with the non-profit Electric Power Research Institute (EPRI) - more than 30 of the top electric utilities in the United States and Canada to accelerate the introduction of plug-in electric vehicles.
To research our full list of Green Automotive Stocks - visit our stock directory at RenewableEnergyStocks.com
http://www.renewableenergystocks.com/Companies/RenewableEnergy/stock_list.asp
To research Fuel cell cars – visit Fuelcellcarnews.com within Investorideas.com
Also visit the new Green Investor at Investorideas.com featuring audio interviews with Industry leaders including Google at: http://www.investorideas.com/gi/
I welcome ideas, suggestions and feedback as we travel together on the green highway.
dvanzant@investorideas.com
Driving Green http://www.investorideas.com/dg/ Sponsor – (Advertisement)
ZAP (OTCBB: ZAAP) has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, electric, hybrid and other innovative power systems, ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias. ZAP is also developing a new generation of vehicles using lithium batteries. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops.
* ZAP is a featured company and compensates Investorideas.com for advertising.
Please read our full disclaimer at InvestorIdeas.com
http://www.investorideas.com/About/Disclaimer.asp and the driving green Podcast page http://www.renewableenergystocks.com/dg/default.asp
Compensation Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
About Our Green Investor Portals:
www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy and GreenTech Business and Stock News RSS Feed:
http://www.investorideas.com/RSS/feeds/RES.xml
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Wednesday, July 23, 2008
General Motors and Electric Utility Industry Launch Major Collaboration to Commercialize Plug-in Vehicles
General Motors and Electric Utility Industry Launch Major Collaboration to Commercialize Plug-in Vehicles
· Paves way for customers to realize the benefits of plug-in electric vehicles such as the Chevrolet Volt and Saturn Vue Plug-in Hybrid
· Further progress on road to electrification of the automobile
San Jose, CALIF - General Motors announced today that it will collaborate with the nonprofit Electric Power Research Institute (EPRI) - more than 30 of the top electric utilities in the United States and Canada -- to accelerate the introduction of plug-in electric vehicles.
General Motors will work with EPRI and the utility companies on everything from codes and standards to grid capability to ensure that when the Volt goes to market, the infrastructure is ready - and customers can realize the full potential of these revolutionary vehicles as soon as they leave the showroom.
Details of the alliance, which is by far the largest and most-comprehensive between an automaker and the electric utility industry, were announced today in San Jose during the Plug-In 2008 Conference.
Among the many things the coalition will address include ensuring safe and convenient vehicle charging, raising the public awareness and understanding of plug-in electric vehicles, and working with public policy leaders to enable a transition from petroleum to electricity as a fuel source.
"Together with EPRI and the utility companies, we can transform automotive transportation as we know it, and get our nation and the world past oil dependence - and heading toward a future that is electric," said Jon Lauckner, GM VP of Global Program Management. "This group is taking significant steps toward making electric vehicles a reality and in helping our customers enjoy the tremendous benefits these vehicles will provide."
Using electricity to power vehicles such as the Volt and the Vue Plug-in is attractive to GM because it can simultaneously reduce the industry's dependence on petroleum and vehicle greenhouse gas emissions. Consumers will also see a tremendous benefit as the cost per equivalent mile of a vehicle powered by electricity is roughly one-fifth of the cost per mile when powered by gasoline.
The coalition of utility companies plays a critical role in developing universal technical standards that will facilitate ease of use and commercial feasibility of electric vehicles.
"EPRI is pleased to collaborate with GM and utility leaders in electric transportation to work together in advancing plug-in hybrid electric vehicle transportation," said Arshad Mansoor, Vice President of EPRI's Power Delivery & Utilization sector. "This collaboration is critical in the development of standards that will lead to the widespread use of electricity as a transportation fuel."
Last month, GM, along with EPRI, received a conditional award from the U.S. Department of Energy to create a plug-in demo program using the Saturn Vue.
In June, GM's Board of Directors committed to production of the Chevrolet Volt extended-range electric vehicle -- due in showrooms in late 2010. And, at the 2008 North American International Auto Show, GM announced its intention to produce a plug-in hybrid electric version of the Saturn Vue. Given the huge potential vehicles such as the Chevrolet Volt and Saturn Vue plug-in hybrid offers for fuel economy improvement, these programs have emerged as top priorities at GM.
"This coalition shares a vision of bringing plug in vehicles to market so we can accelerate the use of electricity as a substitute for gasoline," said Lauckner. "We are focused on creating affordable, highly desired vehicles that will take advantage of the grid - and providing accessible, reliable, convenient low cost electricity to plug-in customers. Collectively, we can realize all of the benefits of the plug-in revolution."
General Motors Corp. (NYSE: GM), the world's largest automaker, has been the annual global industry sales leader for 77 years. Founded in 1908, GM today employs about 266,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 35 countries. In 2007, nearly 9.37 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services. More information on GM can be found at www.gm.com.
GM strives to ensure that all of the information contained in a press release is accurate at the time it is issued. However, changes in materials, equipment and specifications, prices, availability, etc do occur over time. For the most up-to-date information on currently available models, please visit GM.com/shop.
· Paves way for customers to realize the benefits of plug-in electric vehicles such as the Chevrolet Volt and Saturn Vue Plug-in Hybrid
· Further progress on road to electrification of the automobile
San Jose, CALIF - General Motors announced today that it will collaborate with the nonprofit Electric Power Research Institute (EPRI) - more than 30 of the top electric utilities in the United States and Canada -- to accelerate the introduction of plug-in electric vehicles.
General Motors will work with EPRI and the utility companies on everything from codes and standards to grid capability to ensure that when the Volt goes to market, the infrastructure is ready - and customers can realize the full potential of these revolutionary vehicles as soon as they leave the showroom.
Details of the alliance, which is by far the largest and most-comprehensive between an automaker and the electric utility industry, were announced today in San Jose during the Plug-In 2008 Conference.
Among the many things the coalition will address include ensuring safe and convenient vehicle charging, raising the public awareness and understanding of plug-in electric vehicles, and working with public policy leaders to enable a transition from petroleum to electricity as a fuel source.
"Together with EPRI and the utility companies, we can transform automotive transportation as we know it, and get our nation and the world past oil dependence - and heading toward a future that is electric," said Jon Lauckner, GM VP of Global Program Management. "This group is taking significant steps toward making electric vehicles a reality and in helping our customers enjoy the tremendous benefits these vehicles will provide."
Using electricity to power vehicles such as the Volt and the Vue Plug-in is attractive to GM because it can simultaneously reduce the industry's dependence on petroleum and vehicle greenhouse gas emissions. Consumers will also see a tremendous benefit as the cost per equivalent mile of a vehicle powered by electricity is roughly one-fifth of the cost per mile when powered by gasoline.
The coalition of utility companies plays a critical role in developing universal technical standards that will facilitate ease of use and commercial feasibility of electric vehicles.
"EPRI is pleased to collaborate with GM and utility leaders in electric transportation to work together in advancing plug-in hybrid electric vehicle transportation," said Arshad Mansoor, Vice President of EPRI's Power Delivery & Utilization sector. "This collaboration is critical in the development of standards that will lead to the widespread use of electricity as a transportation fuel."
Last month, GM, along with EPRI, received a conditional award from the U.S. Department of Energy to create a plug-in demo program using the Saturn Vue.
In June, GM's Board of Directors committed to production of the Chevrolet Volt extended-range electric vehicle -- due in showrooms in late 2010. And, at the 2008 North American International Auto Show, GM announced its intention to produce a plug-in hybrid electric version of the Saturn Vue. Given the huge potential vehicles such as the Chevrolet Volt and Saturn Vue plug-in hybrid offers for fuel economy improvement, these programs have emerged as top priorities at GM.
"This coalition shares a vision of bringing plug in vehicles to market so we can accelerate the use of electricity as a substitute for gasoline," said Lauckner. "We are focused on creating affordable, highly desired vehicles that will take advantage of the grid - and providing accessible, reliable, convenient low cost electricity to plug-in customers. Collectively, we can realize all of the benefits of the plug-in revolution."
General Motors Corp. (NYSE: GM), the world's largest automaker, has been the annual global industry sales leader for 77 years. Founded in 1908, GM today employs about 266,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 35 countries. In 2007, nearly 9.37 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services. More information on GM can be found at www.gm.com.
GM strives to ensure that all of the information contained in a press release is accurate at the time it is issued. However, changes in materials, equipment and specifications, prices, availability, etc do occur over time. For the most up-to-date information on currently available models, please visit GM.com/shop.
Tuesday, July 22, 2008
BP On Clean Energy Initiatives: We’re Just Getting Started
BP On Clean Energy Initiatives: We’re Just Getting Started
Head of BP’s Alternative Energy Division, Vivian Cox Discusses Commitment to Clean Energy
POINT ROBERTS, Wash., Delta B.C., July 22, 2008 - www.InvestorIdeas.com, one of the first online investor resources providing in-depth information on renewable energy, greentech and water, provides interested investors a recent audio interview with the head of BP plc (BP) Alternative Energy Division, Vivian Cox.
Investorideas.com Green Investor Audio Series
http://www.investorideas.com/gi/
Well-known financial columnist Michael Brush continues his renewable energy audio series for Renewableenergystocks.com with a recent interview with the head of BP’s Alternative Energy Division, Vivian Cox.
When BP chief Tony Hayward commented earlier this year that he’s trying to figure out how BP shareholders can get more credit for the company’s alternative energy efforts, speculation arose that the company was planning to sell its green businesses. In this interview, the head of BP’s Alternative Energy Division, Vivian Cox, clarifies the company’s commitment to green energy development.
Vivian Cox comments. “We are investing a lot more money than our competitors in renewable energy. The real value of what we are doing is the equity value we are creating by growing these businesses.”
To hear the full interview:
Audio file: click here:
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/gi072208.mp3
Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Michael also writes the Insiders Corner Exclusively for Invesorideas.com.
About Our Green Investor Portals:
www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy and GreenTech Business and Stock News RSS Feed:
http://www.investorideas.com/RSS/feeds/RES.xml
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Green Investor Sponsors: Carbon Capture and Green Portfolio Stock: (OTCBB:MVTG),Geothermal Stock:(OTCBB:ESIV),Green Automotive Stock: (OTCBB:ZAAP),Green Automotive Stock:(OTCBB:ROTB),Solar Stock:(OTCBB:XSNX)
Solar Stock :( OTCBB: CSKH) Featured Green Companies are showcased on: www.Renewableenergystocks.com. For disclaimer and disclosure visit:
www.InvestorIdeas.com/About/Disclaimer.asp
Head of BP’s Alternative Energy Division, Vivian Cox Discusses Commitment to Clean Energy
POINT ROBERTS, Wash., Delta B.C., July 22, 2008 - www.InvestorIdeas.com, one of the first online investor resources providing in-depth information on renewable energy, greentech and water, provides interested investors a recent audio interview with the head of BP plc (BP) Alternative Energy Division, Vivian Cox.
Investorideas.com Green Investor Audio Series
http://www.investorideas.com/gi/
Well-known financial columnist Michael Brush continues his renewable energy audio series for Renewableenergystocks.com with a recent interview with the head of BP’s Alternative Energy Division, Vivian Cox.
When BP chief Tony Hayward commented earlier this year that he’s trying to figure out how BP shareholders can get more credit for the company’s alternative energy efforts, speculation arose that the company was planning to sell its green businesses. In this interview, the head of BP’s Alternative Energy Division, Vivian Cox, clarifies the company’s commitment to green energy development.
Vivian Cox comments. “We are investing a lot more money than our competitors in renewable energy. The real value of what we are doing is the equity value we are creating by growing these businesses.”
To hear the full interview:
Audio file: click here:
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/gi072208.mp3
Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Michael also writes the Insiders Corner Exclusively for Invesorideas.com.
About Our Green Investor Portals:
www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy and GreenTech Business and Stock News RSS Feed:
http://www.investorideas.com/RSS/feeds/RES.xml
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Green Investor Sponsors: Carbon Capture and Green Portfolio Stock: (OTCBB:MVTG),Geothermal Stock:(OTCBB:ESIV),Green Automotive Stock: (OTCBB:ZAAP),Green Automotive Stock:(OTCBB:ROTB),Solar Stock:(OTCBB:XSNX)
Solar Stock :( OTCBB: CSKH) Featured Green Companies are showcased on: www.Renewableenergystocks.com. For disclaimer and disclosure visit:
www.InvestorIdeas.com/About/Disclaimer.asp
Mantra Venture Group Announces Additions to its Scientific Advisory Board
Mantra Venture Group Announces Additions to its Scientific Advisory Board
OTCBB: MVTG FRANKFURT: 5MV
SEATTLE, WA, July 22, 2008 - Mantra Venture Group Ltd. (OTCBB: MVTG) is pleased to announce that it has added two valuable members to its Scientific Advisory Board: Mr. Norman Chow, President of Kemetco Research Inc., a private sector integrated science, technology and innovation company, and Mr. Joey Jung, a noted Senior Research Scientist, and the inventor of numerous patents and patent applications in the field of battery, fuel cell and electro-winning technologies. They join the initial two members of Mantra's Scientific Advisory Board, Dr. Ben Anthony, Senior Research Scientist at the National Research Council in Ottawa, Canada and Colin Oloman, Professor Emeritus at the University of British Columbia and a member of the University's Clean Energy Research Center.
Norman Chow earned a Bachelor of Applied Science Degree and a Masters of Applied Science Degree from the University of British Columbia. Continuing his education, he then became a Registered Professional Engineer (P. Eng.) in British Columbia. Mr. Chow has over 10 years of technology development experience and 6 years of contract research experience. Mr. Chow also co-invented a patented electrochemical metal cleaning process that is used worldwide by multi-national companies. He has a background in business management, international sales, project management and manufacturing.
Mr. Chow has been the winner of several prestigious awards that recognize his skills in engineering and business. In 1996, his patented technology, The DynaPower Metal Cleaning System won the Financial Post Gold Award for being the Top Environmental Technology in Canada, and then in 2004 he was named the winner of the Business in Vancouver Top Forty under 40 award.
Mr. Joey Jung earned his Masters of Applied Science Degree from the University of British Columbia in Chemical Engineering and subsequently became a Registered Professional Engineer (P. Eng.) in British Columbia. He has had a successful career in electrochemical engineering and battery research, formerly serving as Vice President and Chief Technology Officer of a publicly traded battery development company.
Larry Kristof, Mantra's C.E.O., commented, "Both Norman and Joey will be valuable additions to the Scientific Advisory Board and will complement Dr. Ben Anthony and Professor Colin Oloman. They are educated, experienced and practical: a rare combination. Another key attribute that they bring to Mantra is the fact that they have direct experience with the commercialization of innovation."
About Mantra:
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable, socially and environmentally responsible investment for its shareholders.
Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV. For more information please visit us at www.mantraenergy.com.
Mantra is encouraging and enabling investors to make environmental
consumer choices with a free environmental bag. Sign up here:
http://www.mantraenergy.com/tools-and-utilities/free-bag.html
Forward-Looking Statements:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group's filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Mantra Venture Group Ltd. is a featured Company on Investorideas.com Green portals, China portal.
For full details, click here: http://www.renewableenergystocks.com/CO/MVTG/Default.asp
Contact:
Terry Johnston,
Investor Relations,
Phone: (604) 267-3022,
Email: tjohnston@mantraenergy.com,
Website: http://www.mantraenergy.com
Source: Mantra Venture Group Ltd.
OTCBB: MVTG FRANKFURT: 5MV
SEATTLE, WA, July 22, 2008 - Mantra Venture Group Ltd. (OTCBB: MVTG) is pleased to announce that it has added two valuable members to its Scientific Advisory Board: Mr. Norman Chow, President of Kemetco Research Inc., a private sector integrated science, technology and innovation company, and Mr. Joey Jung, a noted Senior Research Scientist, and the inventor of numerous patents and patent applications in the field of battery, fuel cell and electro-winning technologies. They join the initial two members of Mantra's Scientific Advisory Board, Dr. Ben Anthony, Senior Research Scientist at the National Research Council in Ottawa, Canada and Colin Oloman, Professor Emeritus at the University of British Columbia and a member of the University's Clean Energy Research Center.
Norman Chow earned a Bachelor of Applied Science Degree and a Masters of Applied Science Degree from the University of British Columbia. Continuing his education, he then became a Registered Professional Engineer (P. Eng.) in British Columbia. Mr. Chow has over 10 years of technology development experience and 6 years of contract research experience. Mr. Chow also co-invented a patented electrochemical metal cleaning process that is used worldwide by multi-national companies. He has a background in business management, international sales, project management and manufacturing.
Mr. Chow has been the winner of several prestigious awards that recognize his skills in engineering and business. In 1996, his patented technology, The DynaPower Metal Cleaning System won the Financial Post Gold Award for being the Top Environmental Technology in Canada, and then in 2004 he was named the winner of the Business in Vancouver Top Forty under 40 award.
Mr. Joey Jung earned his Masters of Applied Science Degree from the University of British Columbia in Chemical Engineering and subsequently became a Registered Professional Engineer (P. Eng.) in British Columbia. He has had a successful career in electrochemical engineering and battery research, formerly serving as Vice President and Chief Technology Officer of a publicly traded battery development company.
Larry Kristof, Mantra's C.E.O., commented, "Both Norman and Joey will be valuable additions to the Scientific Advisory Board and will complement Dr. Ben Anthony and Professor Colin Oloman. They are educated, experienced and practical: a rare combination. Another key attribute that they bring to Mantra is the fact that they have direct experience with the commercialization of innovation."
About Mantra:
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable, socially and environmentally responsible investment for its shareholders.
Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV. For more information please visit us at www.mantraenergy.com.
Mantra is encouraging and enabling investors to make environmental
consumer choices with a free environmental bag. Sign up here:
http://www.mantraenergy.com/tools-and-utilities/free-bag.html
Forward-Looking Statements:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group's filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Mantra Venture Group Ltd. is a featured Company on Investorideas.com Green portals, China portal.
For full details, click here: http://www.renewableenergystocks.com/CO/MVTG/Default.asp
Contact:
Terry Johnston,
Investor Relations,
Phone: (604) 267-3022,
Email: tjohnston@mantraenergy.com,
Website: http://www.mantraenergy.com
Source: Mantra Venture Group Ltd.
Monday, July 21, 2008
According to the report, the top three venture capital deals in the second quarter all belonged to solar energy companies.
U.S. Venture Capital Investment Drops 12% from 2007 Highs with $6.64 Billion Invested in 2Q08
Dow Jones VentureSource Reports Fewest Deals Since 2005, Investment at 18-Month Low; IT & Health Care See Sharp Drops; Bright Spots Include Info Services, Energy
SAN FRANCISCO and NEW YORK, July 19 2008-- In the secondquarter of 2008, quarterly venture capital investment in U.S. companiesslipped below the $7 billion mark for the first time in 18 months.
According to the Quarterly U.S. Venture Capital Report released today byDow Jones VentureSource (http://www.venturecapital.dowjones.com), investment fell12% in the second quarter compared to the same period last year with $6.64billion put into 602 deals, the lowest quarterly deal count since 2005. The$7.58 billion invested in second quarter of 2007 was the second-highestquarterly totals recorded since the end of the dot-com boom in 2001.
"While the U.S. investment total is down compared to last year'simpressive second quarter, we still saw steady deal activity and investmentin the first half of the year, which is encouraging," said Jessica Canning,Director of Global Research for Dow Jones VentureSource. "Venturecapitalists commonly take the long-view when it comes to investing. WhileIPOs and acquisitions may be rare now, VCs aren't concerned about that.They're focusing on what's next -- and that's reflected in the healthyearly stage investment we're seeing in areas like renewable energy,information services and business support services."
Both IT & Health Care Decline
According to the report, the information technology (IT) industry sawdeal flow drop 27% from 390 deals in the second quarter last year to 286 inthe most recent quarter -- the lowest deal count since the first quarter of1997. Similarly, investments were down 26% from nearly $3.50 billion to$2.60 billion, the lowest quarterly investment total since 2003. Theinformation services sector, which includes the majority of today's "Web2.0" companies, was the only area within IT to see positive gains with $688million invested in 80 deals, a 20% increase over the $572 million investedin 94 deals during the same period last year.
Health care companies also fared poorly in the second quarter with theindustry only seeing 149 deals completed and $1.98 billion invested. Thatis 22% less than the $2.53 billion that was invested in 181 health caredeals in the second quarter of 2007.
"The health care industry is the most concerning at the moment, asinvestment is down 31% compared to the first six months of last year anddeal flow is at its lowest level in three years," said Ms. Canning."Considering the amount of time and capital it takes VCs to build asuccessful life science company, there may be a hesitation to continueinvesting in these companies given our current IPO market conditions."
The data showed that the majority of the health care industry'sinvestment decline in the second quarter was contained in the medicaldevices sector, which saw just 60 deals completed and $798 millioninvested, a 25% drop-off from the $1.06 billion invested in 72 deals duringthe same time last year.
Energy & Utilities Shine as Focus Shifts to Cleantech
One bright spot highlighted by the data was the energy and utilities industry, which posted a record quarter with $817 million invested in 32deals, up 160% over the $314 million put into 23 deals in the secondquarter of 2007. Most notably, there was a big surge in renewable
energy investments as the sector saw $650 million put into 26 deals, records onboth accounts.
"The movement of venture dollars from the traditional areas ofinformation technology and health care toward burgeoning sectors likerenewable energy, power management, and agriculture -- or 'cleantechnology' areas -- proves that venture capitalists are making good ontheir promise to tap opportunities in the massive energy market," said Ms.Canning.
According to the report, the top three venture capital deals in the second quarter all belonged to solar energy companies. Taking the top spotwas SunEdison of Beltsville, Maryland, which raised $131 million (as wellas an additional $30 million in separate debt financing) in its secondround. eSolar of Pasadena, Calif., garnered $130 million and BrightSourceEnergy of Oakland raised $115 million.
Compared to the second quarter of 2007, the smaller business andfinancial services (up 6% to $771 million) and industrial goods andmaterials industries (up 14% to $150 million) both posted modest gainswhile the consumer goods industry saw investment drop 24% to $121 million.
Later, Larger Deals Dominate But Early Stage Investment Continues
The quarterly report also confirmed that later-stage deals continue toattract the lion's share of venture capital with $3.48 billion, or roughly54% of the quarter's investment total, put into 225 rounds. This pushed themedian deal size of a later-stage round to a record $12 million in thefirst six months of 2008.
Early stage deal-making did not take a back seat, however. In fact, thenumber of first rounds actually ticked up from 200 rounds completed in thefirst quarter of the year to 207 in the most recent quarter while thelater-stage deal count saw a corresponding dip.
"The most encouraging part of this quarter's report is that early stage investing is holding relatively steady thus far in 2008," added Ms.Canning. "It may be harder for entrepreneurial companies to raise venturecapital these days but it's by no means impossible. Continued early stagedeal flow is a good sign that the venture industry is prepared to weatherthe economic downturn and will continue to back the next wave of disruptivetechnologies."
According to the data, the median deal size of a first round was $5million in the first half of 2008, an annual figure that has remainedunchanged since 2004.
The overall median size of a venture capital deal in the U.S. --including all stages of development -- climbed to $7.5 million in the firsthalf of 2008, the highest total on record.
Regional Perspectives
California once again dominated the venture capital activity in thesecond quarter, representing 45% of the nation's deal flow with 273 dealscompleted and nearly 51% of the capital invested with $3.36 billion. Bymajor region, the report showed:
-- The San Francisco Bay Area saw a 9% decline in overall ventureinvestment with $2.17 billion invested in 193 deals as IT investment wasoff nearly 21%.
-- Despite seeing investment slip 2% to $868 million in 67 deals,Southern California remained the second most popular region for ventureinvestment, beating out New England, which saw investment drop nearly 23%to $714 million in 76 deals.
-- The New York Metro region attracted $350 million in 42 completeddeals, 16% less than the $415 million invested in the second quarter lastyear.
-- The Potomac region was one of the two major regions to see a capitalincrease as investment ticked up 11% to $268 million in 19 deals.
-- Investment in the Washington State climbed 4% to $275 millioninvested in 25 deals.
-- Capital investment in the Research Triangle region dropped 4% to$118 million with 10 deals closed in the quarter.
-- Texas saw investment drop 65% to a paltry $90 million invested in 13deals, the region's lowest quarterly investment total in at least sixyears.
For more information about Dow Jones VentureSource or to arrange apersonal demonstration, visit http://www.venturecapital.dowjones.com or call866-291-1800.
The investment figures included in this release are based on aggregatefindings of Dow Jones proprietary U.S. research and are contained inVentureSource. This data was collected by surveying professional venturecapital firms, through in-depth interviews with company CEOs and CFOs, andfrom secondary sources. These venture capital statistics are for equityinvestments into early stage, innovative companies and do not includecompanies receiving funding solely from corporate, individual, and/orgovernment investors. No statement herein is to be construed as arecommendation to buy or sell securities or to provide investment advice.
ABOUT DOW JONES
Dow Jones & Company (http://www.dowjones.com) is a subsidiary of NewsCorporation (NYSE: NWS, NWS.A; ASX: NWS, NWSLV; http://www.newscorp.com). DowJones is a leading provider of global business news and informationservices. Its Consumer Media Group publishes The Wall Street Journal,Barron's, MarketWatch and the Far Eastern Economic Review. Its EnterpriseMedia Group includes Dow Jones Newswires, Factiva, Dow Jones ClientSolutions, Dow Jones Indexes and Dow Jones Financial Information Services.Its Local Media Group operates community-based information franchises. DowJones owns 50% of SmartMoney and 33% of Stoxx Ltd. and provides newscontent radio stations in the U.S.
SOURCE Dow Jones & Company
Dow Jones VentureSource Reports Fewest Deals Since 2005, Investment at 18-Month Low; IT & Health Care See Sharp Drops; Bright Spots Include Info Services, Energy
SAN FRANCISCO and NEW YORK, July 19 2008-- In the secondquarter of 2008, quarterly venture capital investment in U.S. companiesslipped below the $7 billion mark for the first time in 18 months.
According to the Quarterly U.S. Venture Capital Report released today byDow Jones VentureSource (http://www.venturecapital.dowjones.com), investment fell12% in the second quarter compared to the same period last year with $6.64billion put into 602 deals, the lowest quarterly deal count since 2005. The$7.58 billion invested in second quarter of 2007 was the second-highestquarterly totals recorded since the end of the dot-com boom in 2001.
"While the U.S. investment total is down compared to last year'simpressive second quarter, we still saw steady deal activity and investmentin the first half of the year, which is encouraging," said Jessica Canning,Director of Global Research for Dow Jones VentureSource. "Venturecapitalists commonly take the long-view when it comes to investing. WhileIPOs and acquisitions may be rare now, VCs aren't concerned about that.They're focusing on what's next -- and that's reflected in the healthyearly stage investment we're seeing in areas like renewable energy,information services and business support services."
Both IT & Health Care Decline
According to the report, the information technology (IT) industry sawdeal flow drop 27% from 390 deals in the second quarter last year to 286 inthe most recent quarter -- the lowest deal count since the first quarter of1997. Similarly, investments were down 26% from nearly $3.50 billion to$2.60 billion, the lowest quarterly investment total since 2003. Theinformation services sector, which includes the majority of today's "Web2.0" companies, was the only area within IT to see positive gains with $688million invested in 80 deals, a 20% increase over the $572 million investedin 94 deals during the same period last year.
Health care companies also fared poorly in the second quarter with theindustry only seeing 149 deals completed and $1.98 billion invested. Thatis 22% less than the $2.53 billion that was invested in 181 health caredeals in the second quarter of 2007.
"The health care industry is the most concerning at the moment, asinvestment is down 31% compared to the first six months of last year anddeal flow is at its lowest level in three years," said Ms. Canning."Considering the amount of time and capital it takes VCs to build asuccessful life science company, there may be a hesitation to continueinvesting in these companies given our current IPO market conditions."
The data showed that the majority of the health care industry'sinvestment decline in the second quarter was contained in the medicaldevices sector, which saw just 60 deals completed and $798 millioninvested, a 25% drop-off from the $1.06 billion invested in 72 deals duringthe same time last year.
Energy & Utilities Shine as Focus Shifts to Cleantech
One bright spot highlighted by the data was the energy and utilities industry, which posted a record quarter with $817 million invested in 32deals, up 160% over the $314 million put into 23 deals in the secondquarter of 2007. Most notably, there was a big surge in renewable
energy investments as the sector saw $650 million put into 26 deals, records onboth accounts.
"The movement of venture dollars from the traditional areas ofinformation technology and health care toward burgeoning sectors likerenewable energy, power management, and agriculture -- or 'cleantechnology' areas -- proves that venture capitalists are making good ontheir promise to tap opportunities in the massive energy market," said Ms.Canning.
According to the report, the top three venture capital deals in the second quarter all belonged to solar energy companies. Taking the top spotwas SunEdison of Beltsville, Maryland, which raised $131 million (as wellas an additional $30 million in separate debt financing) in its secondround. eSolar of Pasadena, Calif., garnered $130 million and BrightSourceEnergy of Oakland raised $115 million.
Compared to the second quarter of 2007, the smaller business andfinancial services (up 6% to $771 million) and industrial goods andmaterials industries (up 14% to $150 million) both posted modest gainswhile the consumer goods industry saw investment drop 24% to $121 million.
Later, Larger Deals Dominate But Early Stage Investment Continues
The quarterly report also confirmed that later-stage deals continue toattract the lion's share of venture capital with $3.48 billion, or roughly54% of the quarter's investment total, put into 225 rounds. This pushed themedian deal size of a later-stage round to a record $12 million in thefirst six months of 2008.
Early stage deal-making did not take a back seat, however. In fact, thenumber of first rounds actually ticked up from 200 rounds completed in thefirst quarter of the year to 207 in the most recent quarter while thelater-stage deal count saw a corresponding dip.
"The most encouraging part of this quarter's report is that early stage investing is holding relatively steady thus far in 2008," added Ms.Canning. "It may be harder for entrepreneurial companies to raise venturecapital these days but it's by no means impossible. Continued early stagedeal flow is a good sign that the venture industry is prepared to weatherthe economic downturn and will continue to back the next wave of disruptivetechnologies."
According to the data, the median deal size of a first round was $5million in the first half of 2008, an annual figure that has remainedunchanged since 2004.
The overall median size of a venture capital deal in the U.S. --including all stages of development -- climbed to $7.5 million in the firsthalf of 2008, the highest total on record.
Regional Perspectives
California once again dominated the venture capital activity in thesecond quarter, representing 45% of the nation's deal flow with 273 dealscompleted and nearly 51% of the capital invested with $3.36 billion. Bymajor region, the report showed:
-- The San Francisco Bay Area saw a 9% decline in overall ventureinvestment with $2.17 billion invested in 193 deals as IT investment wasoff nearly 21%.
-- Despite seeing investment slip 2% to $868 million in 67 deals,Southern California remained the second most popular region for ventureinvestment, beating out New England, which saw investment drop nearly 23%to $714 million in 76 deals.
-- The New York Metro region attracted $350 million in 42 completeddeals, 16% less than the $415 million invested in the second quarter lastyear.
-- The Potomac region was one of the two major regions to see a capitalincrease as investment ticked up 11% to $268 million in 19 deals.
-- Investment in the Washington State climbed 4% to $275 millioninvested in 25 deals.
-- Capital investment in the Research Triangle region dropped 4% to$118 million with 10 deals closed in the quarter.
-- Texas saw investment drop 65% to a paltry $90 million invested in 13deals, the region's lowest quarterly investment total in at least sixyears.
For more information about Dow Jones VentureSource or to arrange apersonal demonstration, visit http://www.venturecapital.dowjones.com or call866-291-1800.
The investment figures included in this release are based on aggregatefindings of Dow Jones proprietary U.S. research and are contained inVentureSource. This data was collected by surveying professional venturecapital firms, through in-depth interviews with company CEOs and CFOs, andfrom secondary sources. These venture capital statistics are for equityinvestments into early stage, innovative companies and do not includecompanies receiving funding solely from corporate, individual, and/orgovernment investors. No statement herein is to be construed as arecommendation to buy or sell securities or to provide investment advice.
ABOUT DOW JONES
Dow Jones & Company (http://www.dowjones.com) is a subsidiary of NewsCorporation (NYSE: NWS, NWS.A; ASX: NWS, NWSLV; http://www.newscorp.com). DowJones is a leading provider of global business news and informationservices. Its Consumer Media Group publishes The Wall Street Journal,Barron's, MarketWatch and the Far Eastern Economic Review. Its EnterpriseMedia Group includes Dow Jones Newswires, Factiva, Dow Jones ClientSolutions, Dow Jones Indexes and Dow Jones Financial Information Services.Its Local Media Group operates community-based information franchises. DowJones owns 50% of SmartMoney and 33% of Stoxx Ltd. and provides newscontent radio stations in the U.S.
SOURCE Dow Jones & Company
Wednesday, July 16, 2008
Google's Going Green
Google's Going Green
Dan Reicher, the Director for Climate Change and Energy Initiatives at Google.org, explains Google’s interest and investments in renewable energy
July 16, 2008
Investorideas.com Green Investor Audio Series
http://www.investorideas.com/gi/
Well-known financial columnist Michael Brush continues his renewable energy audio series for Renewableenergystocks.com with a recent interview with Dan Reicher, the Director for Climate Change and Energy Initiatives at Google.org, discussing Google’s investment in renewable energy and their vision of creating a green future.
Mr. Reicher comments on two key initiatives; renewable electricity and plug-in vehicles as part of their vision to get to a day (sooner vs. later) when millions of vehicles are plugging into a greener grid.
He comments, “We will invest tens of millions in 2008 and hundreds of millions in companies and projects over the next number of years. We expect to do good and do well. We function like a VC firm and expect to make a profit as well as make an impact.”
He goes on to say, ” I am optimistic that twenty or thirty years from now instead of renewable electricity, solar, wind, geothermal being 2 or 3% of US electricity it is 20-30 or 40% of US electricity and at the same time a significant percentage of our vehicles will be fueled from renewable electricity and plugging into a greener grid. As a result of that, we will have reduced our dependence on oil, reduced our impact on the global climate and have done great things for our economy.”
To hear the full interview:
Audio file: click here: http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/gi071608.mp3
Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Michael also writes the Insiders Corner Exclusively for Investorideas.com.
About Our Green Investor Portals:
http://www.renewableenergystocks.com/ is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy and GreenTech Business and Stock News RSS Feed:
http://www.investorideas.com/RSS/feeds/RES.xml
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Green Investor Sponsors: Carbon Capture and Green Portfolio Stock: (OTCBB:MVTG),Geothermal Stock:(OTCBB:ESIV),Green Automotive Stock: (OTCBB:ZAAP),Green Automotive Stock:(OTCBB:ROTB),Solar Stock:(OTCBB:XSNX)
Solar Stock :( OTCBB: CSKH) Featured Green Companies are showcased on: http://www.renewableenergystocks.com/. For disclaimer and disclosure visit:
www.InvestorIdeas.com/About/Disclaimer.asp
Dan Reicher, the Director for Climate Change and Energy Initiatives at Google.org, explains Google’s interest and investments in renewable energy
July 16, 2008
Investorideas.com Green Investor Audio Series
http://www.investorideas.com/gi/
Well-known financial columnist Michael Brush continues his renewable energy audio series for Renewableenergystocks.com with a recent interview with Dan Reicher, the Director for Climate Change and Energy Initiatives at Google.org, discussing Google’s investment in renewable energy and their vision of creating a green future.
Mr. Reicher comments on two key initiatives; renewable electricity and plug-in vehicles as part of their vision to get to a day (sooner vs. later) when millions of vehicles are plugging into a greener grid.
He comments, “We will invest tens of millions in 2008 and hundreds of millions in companies and projects over the next number of years. We expect to do good and do well. We function like a VC firm and expect to make a profit as well as make an impact.”
He goes on to say, ” I am optimistic that twenty or thirty years from now instead of renewable electricity, solar, wind, geothermal being 2 or 3% of US electricity it is 20-30 or 40% of US electricity and at the same time a significant percentage of our vehicles will be fueled from renewable electricity and plugging into a greener grid. As a result of that, we will have reduced our dependence on oil, reduced our impact on the global climate and have done great things for our economy.”
To hear the full interview:
Audio file: click here: http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/gi071608.mp3
Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Michael also writes the Insiders Corner Exclusively for Investorideas.com.
About Our Green Investor Portals:
http://www.renewableenergystocks.com/ is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy and GreenTech Business and Stock News RSS Feed:
http://www.investorideas.com/RSS/feeds/RES.xml
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Green Investor Sponsors: Carbon Capture and Green Portfolio Stock: (OTCBB:MVTG),Geothermal Stock:(OTCBB:ESIV),Green Automotive Stock: (OTCBB:ZAAP),Green Automotive Stock:(OTCBB:ROTB),Solar Stock:(OTCBB:XSNX)
Solar Stock :( OTCBB: CSKH) Featured Green Companies are showcased on: http://www.renewableenergystocks.com/. For disclaimer and disclosure visit:
www.InvestorIdeas.com/About/Disclaimer.asp
Monday, July 14, 2008
Catch the Wind
Catch the Wind
Green Investor at Investorideas.com
http://www.investorideas.com/gi/
By Paulo Nery
Wind is looking like one the great opportunities for this year. If you follow Jim Cramer at all you may have heard him declare this to be the year of wind. And just this past week that well-known oilman T. Boone Pickens, who is building an enormous 4,000 Megawatt wind farm in Pampa Texas, declared a major PR campaign for wind. The “Pickens Plan” (www.pickensplan.com) calls for rapid ramping up of wind power and advocates the use of natural gas vehicles. Pickens views wind as part of a solution to our rapidly increasing expenditure on foreign oil. Currently $700 Billion is going offshore each year to pay for imported oil.
Wind energy according to the Department of Energy, has the potential to deliver 1.5 times our current national consumption. And that would come from just 6% of US land. Most of the strong potential is in a corridor from West Texas all the way to North Dakota.
If you’ve wanted to invest in renewable energy, wind could be the right play for you, with growing public awareness creating demand and political pressure. But, what kind of plays are out there?
A direct play might be a company like Vestas Wind Systems (VWDRY.PK), a Danish company that manufactures wind systems. They have 35,000 turbines installed worldwide and claim a 23% market share making them the world leader in the supply of wind energy solutions. According to their own life-cycle analysis, the production from one of its 3-Megawatt turbines totally offsets the energy consumed by its production in under 7 months. So it’s a great green story and there’s nothing like investing with the market leader. However, it trades mainly in Denmark. If you want to buy it in the USA, the over-the-counter listing is quite thinly traded.
A number of the companies involved in supplying components are industrials with broader businesses. In several cases, the wind energy divisions are far outpacing the parent company for growth.
One such example is Trinity (TRN) who is known as a manufacturer of railcars. They also have a division that makes wind towers, the structures that hold up the turbine and blades. That business is clearly taking off. For their last quarter, they reported 81 cents per share of earnings which beat the consensus by 8 cents. The stock marched quickly from 32 to over 40, but has since come back down with the rest of the market and due in part to another railcar maker, Greenbrier Companies Inc. (GBX), who warned of poor railcar sales and rising material costs.
Trinity’s wind energy equipment business looks strong with a 42% increase in revenue from its last quarter ending March 31. It’s also showing a backlog of $1.6 billion in orders. On the other hand, if you extrapolate from Greenbrier, the railcar business could come under pressure. Is the broader industry strength in rails enough to carry it through? Or, will high steel and raw costs plus customer problems leading to reduced orders weigh it down? Either way, over the long term, its wind energy structures business is increasing. Currently its $390 million is 12% of the total company revenues, and 10% of profits. The company projects $800 million revenues for the wind business in five years. But even this may be very conservative if the Pickens plan has any influence on the growth of wind energy as a whole.
Another intriguing wind play is AeroVironment, Inc. (AVAV) who are known for their portfolio of small unmanned aircraft systems (UAS) that it supplies primarily to organizations within the United States Department of Defense (DoD). But why I really like it is what the company calls “architectural wind”. They manufacture attractive wind turbines designed to perch on the edge of a roof and complement a building's architecture. This could be a new direction for wind energy though it is early days for this product line - there are only 9 installations in place as of yet. AeroVironment is a strong looking company as its main business should continue to thrive with ongoing military demand. As a wind investment it might be more speculative since there’s little real information to go on at this stage, but it sure sounds like a business that could find traction in a world that increasingly values green building.
There are many other strong wind plays available, like:
Ottertail (OTTR) a utility company that also makes towers
Gamesa Corp (GCTAF.PK) a Spanish turbine maker with 18% of the market
Americas Wind Energy Corporation (AWNE.OB) medium sized wind turbines
Scottish Power Plc (SPI) a major developer and operator of wind farms in the UK and the US
While the Pickens campaign is undoubtedly raising awareness of wind energy and its potential, it might be prudent to avoid being drawn into the hype too quickly. Careful research and timing of your entry are essential, as ever.
Disclaimer:
Paulo Nery is an independent columnist for Green Investor at Investorideas.com .Paulo J. Nery writes about green business, green investing and green lifestyle. www.InvestorIdeas.com/About/Disclaimer.asp. InvestorIdeas is not affiliated or compensated by the companies mentioned in this article.
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Labels:renewable energy and cleantech stocks
solar stocks . renewable energy stocks,
wind stocks
Saturday, July 12, 2008
Renaissance Green IPO Index
for those followin green IPO's there is another wayt to track them -
The Renaissance Green IPO Index
The Renaissance Green IPO Index captures the performance of newly public companies whose products and services offer solutions to environmental problems. Green enterprises, such as solar companies and biofuel producers, frequently manifest themselves first through the IPO market, enabling the Renaissance Green IPO Index, a subset of the Renaissance IPO Index®, to capture the earliest performance of these new green business ideas. Green sectors of the Index include alternative energy, recycling, conservation, clean transport, energy efficiency, and green-enabling technologies.
http://www.ipohome.com/Index/green/greenindex.aspx
Top 10 Holdings
1. First Solar (FSLR) Energy–Renewable Fuel/Solar
2. NYMEX (NMX) Financial–Energy Derivatives/Exchanges
3. Aecom Technology (ACM) Industrial–Environmental Svcs/Engineering
4. American Water Works (AWK) Utilities-Water & Wastewater
5. JA Solar Holdings (JASO) Energy-Renewable Fuel/Solar
6. LDK Solar (LDK) Energy-Renewable Fuel/Solar
7. EnergySolutions (ES) Industrial-Conserv./Pollution & Recycling
8. Polypore International (PPO) Technology-Adv. Materials/Membranes
9. Yingli Green Energy (YGE) Energy-Renewable Fuel/Solar
10. Horsehead Holding (ZINC) Materials-Renewable & Recycling
also don't forget to check out our renewable energy stocks directory -
The Renaissance Green IPO Index
The Renaissance Green IPO Index captures the performance of newly public companies whose products and services offer solutions to environmental problems. Green enterprises, such as solar companies and biofuel producers, frequently manifest themselves first through the IPO market, enabling the Renaissance Green IPO Index, a subset of the Renaissance IPO Index®, to capture the earliest performance of these new green business ideas. Green sectors of the Index include alternative energy, recycling, conservation, clean transport, energy efficiency, and green-enabling technologies.
http://www.ipohome.com/Index/green/greenindex.aspx
Top 10 Holdings
1. First Solar (FSLR) Energy–Renewable Fuel/Solar
2. NYMEX (NMX) Financial–Energy Derivatives/Exchanges
3. Aecom Technology (ACM) Industrial–Environmental Svcs/Engineering
4. American Water Works (AWK) Utilities-Water & Wastewater
5. JA Solar Holdings (JASO) Energy-Renewable Fuel/Solar
6. LDK Solar (LDK) Energy-Renewable Fuel/Solar
7. EnergySolutions (ES) Industrial-Conserv./Pollution & Recycling
8. Polypore International (PPO) Technology-Adv. Materials/Membranes
9. Yingli Green Energy (YGE) Energy-Renewable Fuel/Solar
10. Horsehead Holding (ZINC) Materials-Renewable & Recycling
also don't forget to check out our renewable energy stocks directory -
Labels:renewable energy and cleantech stocks
green ipo's
Friday, July 11, 2008
More on the Pickens Plan and the transfer of wealth as we shift to wind, natural gas and other renewables
You can read more on the Pickens Plan and the website outlining the plan at
http://www.pickensplan.com/theplan/
In his ads when he talks about the biggest transfer of wealth we have ever seen - it does not just mean industry and business benefit - individuals can too.
Think about the money back in your pocket if you are driving a hybrid, natural gas car or electric car. A lot of people are spending $400- $500 a month in gas- cut that in half or down to 1/4 cost or no cost if you have an electric car. With BMW bringing out an electric mini - how much better can it get for drivers? And then think of the cost of goods being reduced if all the transports were converted to natural gas? If we all had an extra $200- $1000 in our pocket - that is money back into an economy or savings or mortgage. So we should change our thoughts about how we look at the current oil prices and embrace the fact that it is forcing change and it we are smart and look ahead not get paralyzed in the moment - we all win financially and the environment gets the best win of all. When we get the chance to do the right thing that makes us feel good and we win financially- that is as good as it gets!
from the site:
The United States is the Saudi Arabia of wind power.
Studies from around the world show that the Great Plains states are home to the greatest wind energy potential in the world — by far.
The Department of Energy reports that 20% of America's electricity can come from wind. North Dakota alone has the potential to provide power for more than a quarter of the country.
Today's wind turbines stand up to 410 feet tall, with blades that stretch 148 feet in length. The blades collect the wind's kinetic energy. In one year, a 3-megawatt wind turbine produces as much energy as 12,000 barrels of imported oil.
Wind power currently accounts for 48 billion kWh of electricity a year in the United States — enough to serve more than 4.5 million households. That is still only about 1% of current demand, but the potential of wind is much greater.
A 2005 Stanford University study found that there is enough wind power worldwide to satisfy global demand 7 times over — even if only 20% of wind power could be captured.
Building wind facilities in the corridor that stretches from the Texas panhandle to North Dakota could produce 20% of the electricity for the United States at a cost of $1 trillion. It would take another $200 billion to build the capacity to transmit that energy to cities and towns.
That's a lot of money, but it's a one-time cost. And compared to the $700 billion we spend on foreign oil every year, it's a bargain.
An economic revival for rural America.
Developing wind power is an investment in rural America.
To witness the economic promise of wind energy, look no further than Sweetwater, Texas.
Sweetwater was typical of many small towns in middle-America. With a shortage of good jobs, the youth of Sweetwater were leaving in search of greater opportunities. And the town's population dropped from 12,000 to under 10,000.
When a large wind power facility was built outside of town, Sweetwater experienced a revival. New economic opportunity brought the town back to life and the population has grown back up to 12,000.
In the Texas panhandle, just north of Sweetwater, is the town of Pampa, where T. Boone Pickens' Mesa Power is currently building the largest wind farm in the world.
At 4,000 megawatts — the equivalent combined output of four large coal-fire plants — the production of the completed Pampa facility will double the wind energy output of the United States.
In addition to creating new construction and maintenance jobs, thousands of Americans will be employed to manufacture the turbines and blades. These are high skill jobs that pay on a scale comparable to aerospace jobs.
Plus, wind turbines don't interfere with farming and grazing, so they don't threaten food production or existing local economies.
http://www.pickensplan.com/theplan/
In his ads when he talks about the biggest transfer of wealth we have ever seen - it does not just mean industry and business benefit - individuals can too.
Think about the money back in your pocket if you are driving a hybrid, natural gas car or electric car. A lot of people are spending $400- $500 a month in gas- cut that in half or down to 1/4 cost or no cost if you have an electric car. With BMW bringing out an electric mini - how much better can it get for drivers? And then think of the cost of goods being reduced if all the transports were converted to natural gas? If we all had an extra $200- $1000 in our pocket - that is money back into an economy or savings or mortgage. So we should change our thoughts about how we look at the current oil prices and embrace the fact that it is forcing change and it we are smart and look ahead not get paralyzed in the moment - we all win financially and the environment gets the best win of all. When we get the chance to do the right thing that makes us feel good and we win financially- that is as good as it gets!
from the site:
The United States is the Saudi Arabia of wind power.
Studies from around the world show that the Great Plains states are home to the greatest wind energy potential in the world — by far.
The Department of Energy reports that 20% of America's electricity can come from wind. North Dakota alone has the potential to provide power for more than a quarter of the country.
Today's wind turbines stand up to 410 feet tall, with blades that stretch 148 feet in length. The blades collect the wind's kinetic energy. In one year, a 3-megawatt wind turbine produces as much energy as 12,000 barrels of imported oil.
Wind power currently accounts for 48 billion kWh of electricity a year in the United States — enough to serve more than 4.5 million households. That is still only about 1% of current demand, but the potential of wind is much greater.
A 2005 Stanford University study found that there is enough wind power worldwide to satisfy global demand 7 times over — even if only 20% of wind power could be captured.
Building wind facilities in the corridor that stretches from the Texas panhandle to North Dakota could produce 20% of the electricity for the United States at a cost of $1 trillion. It would take another $200 billion to build the capacity to transmit that energy to cities and towns.
That's a lot of money, but it's a one-time cost. And compared to the $700 billion we spend on foreign oil every year, it's a bargain.
An economic revival for rural America.
Developing wind power is an investment in rural America.
To witness the economic promise of wind energy, look no further than Sweetwater, Texas.
Sweetwater was typical of many small towns in middle-America. With a shortage of good jobs, the youth of Sweetwater were leaving in search of greater opportunities. And the town's population dropped from 12,000 to under 10,000.
When a large wind power facility was built outside of town, Sweetwater experienced a revival. New economic opportunity brought the town back to life and the population has grown back up to 12,000.
In the Texas panhandle, just north of Sweetwater, is the town of Pampa, where T. Boone Pickens' Mesa Power is currently building the largest wind farm in the world.
At 4,000 megawatts — the equivalent combined output of four large coal-fire plants — the production of the completed Pampa facility will double the wind energy output of the United States.
In addition to creating new construction and maintenance jobs, thousands of Americans will be employed to manufacture the turbines and blades. These are high skill jobs that pay on a scale comparable to aerospace jobs.
Plus, wind turbines don't interfere with farming and grazing, so they don't threaten food production or existing local economies.
Wednesday, July 09, 2008
The Pickens Plan
For those of you who have not seen the recent ads on CNBC for Pickens Plan - you can go to the web site at -
http://www.pickensplan.com
It's a significant statement and we all need to take hold of what he is saying as a lifelong respected oil man. He is pushing wind and natural gas and new technology in alternative energy to deal with rising oil prices and our dependence on foreign oil.
According to his site -
We Are in a Crisis
Our dependence on foreign oil forms the intersection of the three most critical issues America currently faces: the economy, the environment and our national security.
There is a Solution
America is blessed with the world's greatest wind power corridor and abundant reserves of clean natural gas. The Pickens Plan will utilize these tremendous resources to build a bridge to the future — a blueprint to reduce foreign oil dependence by harnessing domestic energy alternatives and buying time for us to develop even greater new technologies.
The Plan calls for building new wind generation facilities that will produce 20% of our nation's electricity and allow us to use natural gas as a transportation fuel. The combination of these domestic energies can replace more than one-third of our foreign oil imports. And we can do it all in 10 years.
http://www.pickensplan.com
It's a significant statement and we all need to take hold of what he is saying as a lifelong respected oil man. He is pushing wind and natural gas and new technology in alternative energy to deal with rising oil prices and our dependence on foreign oil.
According to his site -
We Are in a Crisis
Our dependence on foreign oil forms the intersection of the three most critical issues America currently faces: the economy, the environment and our national security.
There is a Solution
America is blessed with the world's greatest wind power corridor and abundant reserves of clean natural gas. The Pickens Plan will utilize these tremendous resources to build a bridge to the future — a blueprint to reduce foreign oil dependence by harnessing domestic energy alternatives and buying time for us to develop even greater new technologies.
The Plan calls for building new wind generation facilities that will produce 20% of our nation's electricity and allow us to use natural gas as a transportation fuel. The combination of these domestic energies can replace more than one-third of our foreign oil imports. And we can do it all in 10 years.
GE Unit Surpasses $4 Billion Renewable Energy Mark with NY Wind Farm Investment
GE Unit Surpasses $4 Billion Renewable Energy Mark with NY Wind Farm Investment
STAMFORD, Conn- July 9 2008 --With a goal of investing $6 billion in renewable energy by 2010, GE Energy Financial Services surpassed the $4 billion mark today by investing in New York State’s three newest wind farms. The unit of GE (NYSE: GE ) will invest a total of $100 million in the three wind farms, whose construction began last month.
“We have reached the $4 billion milestone just five months after hitting $3 billion, confirming that renewable energy is our fastest-growing business,” said Alex Urquhart, President and CEO of GE Energy Financial Services. “Such project-level investments—coupled with our venture capital investing in clean tech, GE’s technology and research—reinforce GE’s company-wide leadership in renewable energy.”
GE Energy Financial Services closed more than $2 billion of renewable energy transactions last year, and by 2010 expects they will comprise 20-25 percent of its overall energy and water portfolio, up from about 10 percent in 2006. Including the three new farms, GE Energy Financial Services has invested or committed to invest equity worldwide in 76 wind farms, with a total capacity of more than 4,000 megawatts.
When the projects are completed during the fourth quarter of this year, GE Energy Financial Services will invest equity as the non-managing member of the three New York State farms and Noble Environmental Power, a leading wind energy developer based in Essex, Connecticut, will invest as the managing member. With this new investment, GE and Noble will have co-invested in more than 80 percent of New York State’s wind capacity. In addition to remaining a significant equity investor, Noble will construct, operate and manage the facilities, located in the predominantly dairy producing farmland of northern and western New York.
The portfolio consists of:
The Noble Chateaugay Windpark (106.5 megawatts), in Franklin County
The Noble Altona Windpark (97.5 megawatts), in Clinton County
The Noble Wethersfield Windpark (126 megawatts), in Wyoming County
The portfolio addition is the second in which GE Energy Financial Services has partnered with Noble. In June 2007, GE Energy Financial Services invested in the Noble Bliss, Clinton, and Ellenburg Windparks, also in New York State.
Workers are laying foundations and installing turbines at the new wind farms, adjacent to the three wind farms in which GE Energy Financial Services invested last year. Two are located in northern New York, about 15 miles from the Canadian border and the other is in western New York. When the three begin commercial operation, they will increase the wind producing capacity of New York State by 47 percent. Using 1.5-megawatt GE wind turbines, the three wind farms will generate a combined 330 megawatts of energy—enough to power more than 110,000 average New York homes. In total, the farms will avoid 385,000 tons of greenhouse gases per year—equivalent to taking 64,000 cars off the road.
Along with helping GE meet its renewable energy investment target, this new capital for New York wind farms helps the state meet its Renewable Portfolio Standard. That standard requires that 25 percent of the electricity consumed by New Yorkers come from renewable energy by 2013 and is expected to reduce emissions of carbon dioxide by 7.7 percent, nitrogen oxide by 6.8 percent and sulfur dioxide by 5.9 percent.
“Wind farms provide not only clean energy but more jobs,” said Kevin Walsh, Managing Director and leader of renewable energy at GE Energy Financial Services. “Local people have already been hired to construct the wind farms, build and plow the roads, and eventually maintain the projects. As we showed in a study we released last month, wind farms will create tax revenues for local and federal governments. In a world with rising fuels costs, this new form of energy—and the millions of dollars in economic benefits it provides—is truly America’s new cash crop.”
The GE Energy Financial Services study—which found that a federal tax credit for wind farms more than pays for itself through tax revenues from the projects’ income, vendors’ profits and individual workers’ wages—can be found at http://www.geenergyfinancialservices.com/press_room/PTC_release.asp.
The total local economic benefits to the communities of the three New York State wind farms—in addition to Noble Bellmont wind farm, which is not involved in this transaction—is estimated at $305.5 million, according to Noble.
The Noble portfolio investment reinforces ecomagination, GE’s program to help its customers meet their environmental challenges while expanding the company’s own portfolio of cleaner energy products.
About GE Energy Financial Services
GE Energy Financial Services’ 350 experts invest globally with a long-term view, backed by the best of GE’s technical know-how and financial strength, across the capital spectrum and the energy and water industries, to help their customers and GE grow. With $19 billion in assets, GE Energy Financial Services, based in Stamford, Connecticut, invests more than $5 billion annually in two of the world’s most capital-intensive industries, energy and water. In renewable energy, GE Energy Financial Services is growing its portfolio of more than $4 billion in assets in wind, solar, biomass, hydro and geothermal power. For more information, visit www.geenergyfinancialservices.com.
About GE
GE (NYSE: GE - News) is Imagination at Work—a diversified technology, media and financial services company focused on solving some of the world’s toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit www.ge.com.
Editor’s Note:
TV news B-roll of a wind farm, from general archives, is available at: http://www.geenergyfinancialservices.com/RenewablesInvestments/
Caption for Accompanying Images:
The map shows the three wind farms that GE Energy Financial Services is investing in with Noble Environmental Power. The three New York wind farms allowed the GE unit to surpass the $4 billion renewable energy investment mark.
Photo depicts the first turbine during the assembly of Wethersfield wind farm. Wethersfield is one of the three that GE Energy Financial Services is investing in with Noble Environmental Power.
MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5727016
Contact:
GE Energy Financial Services
Christa Bowers, 203-339-1434
Source: GE Energy Financial Services
STAMFORD, Conn- July 9 2008 --With a goal of investing $6 billion in renewable energy by 2010, GE Energy Financial Services surpassed the $4 billion mark today by investing in New York State’s three newest wind farms. The unit of GE (NYSE: GE ) will invest a total of $100 million in the three wind farms, whose construction began last month.
“We have reached the $4 billion milestone just five months after hitting $3 billion, confirming that renewable energy is our fastest-growing business,” said Alex Urquhart, President and CEO of GE Energy Financial Services. “Such project-level investments—coupled with our venture capital investing in clean tech, GE’s technology and research—reinforce GE’s company-wide leadership in renewable energy.”
GE Energy Financial Services closed more than $2 billion of renewable energy transactions last year, and by 2010 expects they will comprise 20-25 percent of its overall energy and water portfolio, up from about 10 percent in 2006. Including the three new farms, GE Energy Financial Services has invested or committed to invest equity worldwide in 76 wind farms, with a total capacity of more than 4,000 megawatts.
When the projects are completed during the fourth quarter of this year, GE Energy Financial Services will invest equity as the non-managing member of the three New York State farms and Noble Environmental Power, a leading wind energy developer based in Essex, Connecticut, will invest as the managing member. With this new investment, GE and Noble will have co-invested in more than 80 percent of New York State’s wind capacity. In addition to remaining a significant equity investor, Noble will construct, operate and manage the facilities, located in the predominantly dairy producing farmland of northern and western New York.
The portfolio consists of:
The Noble Chateaugay Windpark (106.5 megawatts), in Franklin County
The Noble Altona Windpark (97.5 megawatts), in Clinton County
The Noble Wethersfield Windpark (126 megawatts), in Wyoming County
The portfolio addition is the second in which GE Energy Financial Services has partnered with Noble. In June 2007, GE Energy Financial Services invested in the Noble Bliss, Clinton, and Ellenburg Windparks, also in New York State.
Workers are laying foundations and installing turbines at the new wind farms, adjacent to the three wind farms in which GE Energy Financial Services invested last year. Two are located in northern New York, about 15 miles from the Canadian border and the other is in western New York. When the three begin commercial operation, they will increase the wind producing capacity of New York State by 47 percent. Using 1.5-megawatt GE wind turbines, the three wind farms will generate a combined 330 megawatts of energy—enough to power more than 110,000 average New York homes. In total, the farms will avoid 385,000 tons of greenhouse gases per year—equivalent to taking 64,000 cars off the road.
Along with helping GE meet its renewable energy investment target, this new capital for New York wind farms helps the state meet its Renewable Portfolio Standard. That standard requires that 25 percent of the electricity consumed by New Yorkers come from renewable energy by 2013 and is expected to reduce emissions of carbon dioxide by 7.7 percent, nitrogen oxide by 6.8 percent and sulfur dioxide by 5.9 percent.
“Wind farms provide not only clean energy but more jobs,” said Kevin Walsh, Managing Director and leader of renewable energy at GE Energy Financial Services. “Local people have already been hired to construct the wind farms, build and plow the roads, and eventually maintain the projects. As we showed in a study we released last month, wind farms will create tax revenues for local and federal governments. In a world with rising fuels costs, this new form of energy—and the millions of dollars in economic benefits it provides—is truly America’s new cash crop.”
The GE Energy Financial Services study—which found that a federal tax credit for wind farms more than pays for itself through tax revenues from the projects’ income, vendors’ profits and individual workers’ wages—can be found at http://www.geenergyfinancialservices.com/press_room/PTC_release.asp.
The total local economic benefits to the communities of the three New York State wind farms—in addition to Noble Bellmont wind farm, which is not involved in this transaction—is estimated at $305.5 million, according to Noble.
The Noble portfolio investment reinforces ecomagination, GE’s program to help its customers meet their environmental challenges while expanding the company’s own portfolio of cleaner energy products.
About GE Energy Financial Services
GE Energy Financial Services’ 350 experts invest globally with a long-term view, backed by the best of GE’s technical know-how and financial strength, across the capital spectrum and the energy and water industries, to help their customers and GE grow. With $19 billion in assets, GE Energy Financial Services, based in Stamford, Connecticut, invests more than $5 billion annually in two of the world’s most capital-intensive industries, energy and water. In renewable energy, GE Energy Financial Services is growing its portfolio of more than $4 billion in assets in wind, solar, biomass, hydro and geothermal power. For more information, visit www.geenergyfinancialservices.com.
About GE
GE (NYSE: GE - News) is Imagination at Work—a diversified technology, media and financial services company focused on solving some of the world’s toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit www.ge.com.
Editor’s Note:
TV news B-roll of a wind farm, from general archives, is available at: http://www.geenergyfinancialservices.com/RenewablesInvestments/
Caption for Accompanying Images:
The map shows the three wind farms that GE Energy Financial Services is investing in with Noble Environmental Power. The three New York wind farms allowed the GE unit to surpass the $4 billion renewable energy investment mark.
Photo depicts the first turbine during the assembly of Wethersfield wind farm. Wethersfield is one of the three that GE Energy Financial Services is investing in with Noble Environmental Power.
MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5727016
Contact:
GE Energy Financial Services
Christa Bowers, 203-339-1434
Source: GE Energy Financial Services
Wednesday, July 02, 2008
New investment surpasses $148 billion in 2007, a 60% rise from 2006, Growth continues in 2008, UNEP study says
Clean Energy Investments Charge Forward Despite Financial Market Turmoil
With end of cheap oil, renewables and energy efficiency attracts fast-growing interest;
New investment surpasses $148 billion in 2007, a 60% rise from 2006, Growth continues in 2008, UNEP study says
Climate change worries, growing support from world governments, rising oil prices and ongoing energy security concerns combined to fuel another record-setting year of investment in the renewable energy and energy efficiency industries in 2007, according to an analysis issued Tuesday July 1 by the UN Environment Programme(UNEP).
"The clean energy industry is maturing and its backers remain bullish. These findings should empower governments-both North and South-to reach a deep and meaningful new agreement by the crucial climate convention meeting in Copenhagen in late 2009," Achim Steiner, the head of UNEP, says.
Over $148 billion in new funding entered the sustainable energy sector globally last year, up 60% from 2006, even as a credit crunch began to roil financial markets, according to the report, "Global Trends in Sustainable Energy Investment 2008," prepared by UK-based New Energy Finance for UNEP's Paris-based Sustainable Energy Finance Initiative.
Wind energy again attracted the most investment($50.2 billion in 2007), but solar power grew most rapidly:attracting some $28.6 billion of new capital and growing at an average annual rate of 254% since 2004, driven by the advent of larger project financings.
The picture since the end of 2007 has been somewhat subdued across the sector, with only mergers and acquisitions up as several substantial wind developers sold their portfolios-many realising that with the tightening up of the credit markets they could not finance the growth themselves-and the US ethanol industry undergoing restructuring.But in the second quarter of 2008 most areas of investment rebounded, even as global financial markets remained in turmoil. Sustainable energy venture capital and private equity in Q2 2008 was up 34% on Q2 2007, new build asset finance was up 8% and public market investment showing a strong recovery with the IPO of Portuguese utility EDP's renewable energy business, EDP Renovaveis.
"Just as thousands were drawn to California and the Klondike in the late 1800s, the green energy gold rush is attracting legions of modern day prospectors in all parts of the globe,"says Mr Steiner, who is also a UN Under-Secretary General.
"A century later, the key difference is that a higher proportion of those looking for riches today may find them. With world temperatures and fossil fuel prices climbing higher, it is increasingly obvious to the public and investors alike that the transition to a low-carbon society is both a global imperative and an inevitability. This is attracting an enormous inflow of capital, talent and technology. But it is only inevitable if creative market mechanisms and public policy continue to evolve to liberate rather than frustrate this clean energy dawn.
"What is unfolding is nothing less than a fundamental transformation of the world's energy infrastructure."
Most of the new money flowed into Europe, followed by the USA. However, China, India and Brazil draw growing investor interest, their share of new investment growing from 12% in 2004 to 22% in 2007, an increase in absolute terms of 14 times, from $1.8 billion to $26 billion.
Total 2007 sustainable energy transaction volume was $204.9 billion, of which $98.2 billion went into new renewable energy generation (especially wind in the US, China and Spain), $50.1 billion went into technology development and manufacturing scale-up, and $56.6 billion changed hands through mergers and acquisitions.
With 31 gigawatts of new installed generation, sustainable energy accounted for 23% of new power capacity added globally in 2007, about 10 times that of nuclear.
Sustainable energy companies accounted for 19% of all new capital raised by the energy sector on the global stock markets in 2007.
"Investment in the sustainable energy sectors must continue to grow strongly if targets for greenhouse gas reductions and renewables and efficiency increases are to be met,"says the report.
"Investment between now and 2030 is expected to reach $450 billion a year by 2012, rising to more than $600 billion a year from 2020. The sector's overall performance during 2007 and into 2008 sets it on track to achieve these levels."
Says Michael Liebreich, CEO of New Energy Finance Ltd, a leading provider of research and analysis on the clean energy and carbon markets and co-author of the report: "2007 was a banner year for the clean energy industry. Wind continued its strong progress, with installed capacity passing the 100 GW mark. Solar is maturing rapidly, with heavy investment to ease the silicon bottleneck and new thin-film technology beginning to reach scale. And there are plenty of other technologies lining up to be the next ones to begin a real march to scale-including biomass and geothermal. Carbon Capture and Storage(CCS)is the only sector where we did not see as much progress as we had expected, with the regulatory and funding environments for these projects remaining murky and timelines for the first commercial projects being extended."
The report offers a host of insights into sustainable energy investment worldwide:
Wind
Wind attracted more investment globally last year than any other non-fossil fuel based technology, including large hydro and nuclear power. In Europe and the US wind capacity additions in 2007 on their own accounted for 40% and 30%, respectively, of new power capacity.
Iberenova, the wind power development arm of Spanish power giant Iberdrola, raised $7.2 billion in a landmark flotation in December 2007, the largest Spanish IPO ever and the fourth largest public deal of the year.
Global installed wind capacity surpassed 100GW in March 2008.
Ethanol
With US feedstock costs up and ethanol prices down, venture capital and private equity investment in biofuels fell by almost one-third in 2007, to $2.1 billion. However, biofuels investment has not dried up altogether, shifting to Brazil, India and China.
Solar
Solar surged ahead in 2007, increasing its share of almost every investment category. Solar attracted by far the most venture capital and private equity investment ($3.7 billion), although biomass and waste to energy saw the fastest (432%) growth.
During 2007 Chinese solar companies raised $2.5 billion on the US and Europe equity capital markets.
Energy efficiency
Investment in energy efficiency technology reached a record $1.8 billion, an increase of 78% from 2006.
North America attracted most energy efficiency investment during 2007, followed by Europe, despite the fact that its energy legislation lags behind Europe.
Buildings offer by far the greatest energy saving potential (and represent the source of 40% of CO2 emissions). Industry and the transport efficiency follow, with the power sector (perhaps surprisingly) as the sector with the least scope for savings.
According to the International Energy Agency, each $1 invested in energy efficiency an average avoids more than $2 needed to create new supply.
Europe still leads
The EU remained the leading region for investment, particularly later-stage financing. Supportive policies, as well as an investor base that is comfortable with financing renewable energy projects and more intense competition for deals, drove European asset finance to a record level of $49.5 billion in 2007. This was 62% of asset finance worldwide.
Strong growth in USA
In the USA acceptance of sustainable energy became more widespread, extending beyond its traditional heartland of California, with Texas leading the wind energy charge. A new administration in 2009 is expected to make renewable energy and energy efficiency a political priority while recent uncertainty in the US (particularly over the possible introduction of a CO2 regulations) has put a significant number of coal-fired generation plants on hold.
The US financial sector is also gearing up for a major shift in political attitude. Citi, JPMorgan Chase and Morgan Stanley have jointly launched a set of "Carbon Principles", which will guide how they lend to and advise major power companies in the US.
The banks developed the principles to evaluate risks in financing carbon-emitting projects, given the growing uncertainty around regional and national climate change policy. They will also consider power companies' inclusion of energy efficiency and renewable resources in their portfolios as part of an "enhanced diligence process".
China
During 2007, investment in non-hydro renewables capacity in China increased by more than four times, to $10.8 billion, and new wind capacity doubled to 6 gigawatts.
The report says the 2008 Beijing Olympic Games "sharpened the country's political resolve and strengthened programmes to promote cleaner generation and cut energy intensity."
Besides a surge of Chinese solar companies listing on US and European stock markets, public market activity is also growing at home. Notably, the Chinese wind manufacturer Goldwind raised $243 million last year in the Shenzhen Stock Exchange's first IPO related solely to renewable energy.
Brazil
Brazil is the world's largest renewable energy market, thanks to its long established hydropower and bioethanol industries.
Sustainable energy investment in Brazil continued to be dominated by ethanol in 2007, as investor interest shifted there from the beleaguered US ethanol market. Infinity Bio-Energy(listed on London AIM) and the US agribusiness giant Cargill both made important investments in the sector.
Beyond ethanol production, investment in sugar cane cogeneration, biodiesel production and wind generation are also picking up.
India
Asset financing in India grew significantly, to $2.5 billion, mostly for 1.7GW of new wind projects. These installations place India fourth in the world, both in terms of new capacity added in 2007 and total installed capacity.
Funds raised on Indian stock exchanges reached $628 million in 2007, although companies increasingly looked to foreign markets for new capital, raising $1.4 billion overseas in 2007. Public market activity was marked by a series of Foreign Currency Convertible Bonds (FCCBs) from established Indian renewable energy companies such as Suzlon($500 million raised) and Moser Baer($150 million).
The year 2007 also saw several aggressive cross-border deals involving Indian or Chinese acquirors, including Suzlon's $1.6 billion acquisition of Repower and China National Building Material Group's purchase of German turbine blade manufacturer NOI Rotortechnik.
Africa
Africa continues to lag other regions in terms of sustainable energy investment. Asset finance, however, was up in 2007 to $1.3 billion (five times as much as in 2006), reversing a gradual decline since 2004 and bearing witness to increasing installed renewable capacity. Investment was mainly in biofuels and geothermal. Promising large-scale solar developments were also initiated in North Africa and some signs of change in South Africa, where targets for renewable energy have been set and the country's first wind farm commissioned.
Sub-Saharan Africa, "arguably the region that has the most to gain from renewable energy," remains largely unexploited, according to the report.
Carbon finance shifting to the private sector
$13 billion had been invested in carbon funds by the end of 2007, an important source of investment for "Clean Development Mechanism" projects in developing countries. Most new investment was into private funds as carbon trading becomes more established.
The first quarter of 2008 saw the emergence of private interest in the post-Kyoto market, with investors beginning procuring post-2012 CDM credits eligible for trading in the EU Emissions Trading Scheme.
Market broadens, diversifies into emerging technologies
Investments not only grew in 2007, but broadened and diversified. Mainstream capital markets are now fully receptive to sustainable energy companies, according to the report.
2007 also saw greater activity in so-called "next generation technologies," such as cellulosic ethanol, thin-film solar technologies and energy efficiency.
Early venture capital investment surged 112% to $2 billion in 2007, boosted by interest in emerging renewable technologies, rather than just those on the brink of commercialisation.
"The willingness to look beyond mature technologies suggests that investors are taking renewable energy and energy efficiency increasingly seriously," the report says.
Public investment
General public investments, through stock and other markets, more than doubled in 2007 to $23.4 billion, up from $10.5 billion in 2006.
The Wilderhill New Energy Global Innovation Index(NEX) rose 57.9% in 2007. It then fell 17.9% in first quarter of 2008 but recovered half this loss in the second quarter.
Meanwhile, assets under management in clean energy funds rose to $35 billion in 2007.
A record 17 new clean energy public equity fund launches occurred in 2007, up from just five in 2006. Several of these were 'climate change' funds launched by mainstream investment firms including HSBC, F&C, Schroders, Deutsche Asset Management and Virgin Money.
The arrival of such heavyweights in the market is "likely to encourage the larger publicly listed companies they normally invest in to expand into sustainable energy and other low carbon sectors,"says the report.
Research & Development
Research & Development spending on clean energy and energy efficiency was $16.9 billion in 2007, including corporate R&D of $9.8 billion, and government R&D of $7.1 billion.
Europe and the Middle East saw the most corporate R&D activity, followed by the Americas and then Asia. Patterns of government R&D are the reverse, with Asian governments(notably Japan, China and India)investing relatively heavily in R&D.
Corporate Mergers & Acquisition
Corporate Mergers & Acquisition activity increased 52% to $25.7 billion in 2007.
Says Mohamed El-Ashry, Chair of the Renewable Energy Global Policy Network REN21: "One reason for the steady growth of renewables is simple economics: while the cost of fossil fuel energy is rising, the costs of renewable energy technology are falling. And with renewables there are no fuel costs-and no carbon emissions."
According to Yvo de Boer, Executive Secretary of the United Nations Framework Convention on Climate Change:"The positive trend in the renewable energy market is at least in part a business response to a policy expectation. If that expectation is not met, the conventional bottom-line will be the main driver for investment decisions.
"According to the IEA, a massive amount of US $20 trillion is projected to be invested to meet the world's energy demand in 2030. If these investments are not made in a climate-friendly way, emissions of green house gases might go up by 50% in 2050, while science tells us they need to be cut by 50% in 2050. I hear businesses crying out for clear policy signals to make the right investment decisions today. Setting a long term target for 2050 is useful, but I think it would give investors much more clarity if rich countries would indicate where they want to be in 2020 or 2030."
Contacts:
Nick Nuttall, UNEP Spokesperson, on +41-79-596-5737 (m); Nick.Nuttall@unep.org
Robert Bisset, UNEP Spokesperson for Europe,+33-1-4437-7613, +33-6-2272-5842(m),Robert.Bisset@unep.fr
Terry Collins +1-416-538-8712; +1-416-878-8712 (m),TerryCollins@rogers.c
With end of cheap oil, renewables and energy efficiency attracts fast-growing interest;
New investment surpasses $148 billion in 2007, a 60% rise from 2006, Growth continues in 2008, UNEP study says
Climate change worries, growing support from world governments, rising oil prices and ongoing energy security concerns combined to fuel another record-setting year of investment in the renewable energy and energy efficiency industries in 2007, according to an analysis issued Tuesday July 1 by the UN Environment Programme(UNEP).
"The clean energy industry is maturing and its backers remain bullish. These findings should empower governments-both North and South-to reach a deep and meaningful new agreement by the crucial climate convention meeting in Copenhagen in late 2009," Achim Steiner, the head of UNEP, says.
Over $148 billion in new funding entered the sustainable energy sector globally last year, up 60% from 2006, even as a credit crunch began to roil financial markets, according to the report, "Global Trends in Sustainable Energy Investment 2008," prepared by UK-based New Energy Finance for UNEP's Paris-based Sustainable Energy Finance Initiative.
Wind energy again attracted the most investment($50.2 billion in 2007), but solar power grew most rapidly:attracting some $28.6 billion of new capital and growing at an average annual rate of 254% since 2004, driven by the advent of larger project financings.
The picture since the end of 2007 has been somewhat subdued across the sector, with only mergers and acquisitions up as several substantial wind developers sold their portfolios-many realising that with the tightening up of the credit markets they could not finance the growth themselves-and the US ethanol industry undergoing restructuring.But in the second quarter of 2008 most areas of investment rebounded, even as global financial markets remained in turmoil. Sustainable energy venture capital and private equity in Q2 2008 was up 34% on Q2 2007, new build asset finance was up 8% and public market investment showing a strong recovery with the IPO of Portuguese utility EDP's renewable energy business, EDP Renovaveis.
"Just as thousands were drawn to California and the Klondike in the late 1800s, the green energy gold rush is attracting legions of modern day prospectors in all parts of the globe,"says Mr Steiner, who is also a UN Under-Secretary General.
"A century later, the key difference is that a higher proportion of those looking for riches today may find them. With world temperatures and fossil fuel prices climbing higher, it is increasingly obvious to the public and investors alike that the transition to a low-carbon society is both a global imperative and an inevitability. This is attracting an enormous inflow of capital, talent and technology. But it is only inevitable if creative market mechanisms and public policy continue to evolve to liberate rather than frustrate this clean energy dawn.
"What is unfolding is nothing less than a fundamental transformation of the world's energy infrastructure."
Most of the new money flowed into Europe, followed by the USA. However, China, India and Brazil draw growing investor interest, their share of new investment growing from 12% in 2004 to 22% in 2007, an increase in absolute terms of 14 times, from $1.8 billion to $26 billion.
Total 2007 sustainable energy transaction volume was $204.9 billion, of which $98.2 billion went into new renewable energy generation (especially wind in the US, China and Spain), $50.1 billion went into technology development and manufacturing scale-up, and $56.6 billion changed hands through mergers and acquisitions.
With 31 gigawatts of new installed generation, sustainable energy accounted for 23% of new power capacity added globally in 2007, about 10 times that of nuclear.
Sustainable energy companies accounted for 19% of all new capital raised by the energy sector on the global stock markets in 2007.
"Investment in the sustainable energy sectors must continue to grow strongly if targets for greenhouse gas reductions and renewables and efficiency increases are to be met,"says the report.
"Investment between now and 2030 is expected to reach $450 billion a year by 2012, rising to more than $600 billion a year from 2020. The sector's overall performance during 2007 and into 2008 sets it on track to achieve these levels."
Says Michael Liebreich, CEO of New Energy Finance Ltd, a leading provider of research and analysis on the clean energy and carbon markets and co-author of the report: "2007 was a banner year for the clean energy industry. Wind continued its strong progress, with installed capacity passing the 100 GW mark. Solar is maturing rapidly, with heavy investment to ease the silicon bottleneck and new thin-film technology beginning to reach scale. And there are plenty of other technologies lining up to be the next ones to begin a real march to scale-including biomass and geothermal. Carbon Capture and Storage(CCS)is the only sector where we did not see as much progress as we had expected, with the regulatory and funding environments for these projects remaining murky and timelines for the first commercial projects being extended."
The report offers a host of insights into sustainable energy investment worldwide:
Wind
Wind attracted more investment globally last year than any other non-fossil fuel based technology, including large hydro and nuclear power. In Europe and the US wind capacity additions in 2007 on their own accounted for 40% and 30%, respectively, of new power capacity.
Iberenova, the wind power development arm of Spanish power giant Iberdrola, raised $7.2 billion in a landmark flotation in December 2007, the largest Spanish IPO ever and the fourth largest public deal of the year.
Global installed wind capacity surpassed 100GW in March 2008.
Ethanol
With US feedstock costs up and ethanol prices down, venture capital and private equity investment in biofuels fell by almost one-third in 2007, to $2.1 billion. However, biofuels investment has not dried up altogether, shifting to Brazil, India and China.
Solar
Solar surged ahead in 2007, increasing its share of almost every investment category. Solar attracted by far the most venture capital and private equity investment ($3.7 billion), although biomass and waste to energy saw the fastest (432%) growth.
During 2007 Chinese solar companies raised $2.5 billion on the US and Europe equity capital markets.
Energy efficiency
Investment in energy efficiency technology reached a record $1.8 billion, an increase of 78% from 2006.
North America attracted most energy efficiency investment during 2007, followed by Europe, despite the fact that its energy legislation lags behind Europe.
Buildings offer by far the greatest energy saving potential (and represent the source of 40% of CO2 emissions). Industry and the transport efficiency follow, with the power sector (perhaps surprisingly) as the sector with the least scope for savings.
According to the International Energy Agency, each $1 invested in energy efficiency an average avoids more than $2 needed to create new supply.
Europe still leads
The EU remained the leading region for investment, particularly later-stage financing. Supportive policies, as well as an investor base that is comfortable with financing renewable energy projects and more intense competition for deals, drove European asset finance to a record level of $49.5 billion in 2007. This was 62% of asset finance worldwide.
Strong growth in USA
In the USA acceptance of sustainable energy became more widespread, extending beyond its traditional heartland of California, with Texas leading the wind energy charge. A new administration in 2009 is expected to make renewable energy and energy efficiency a political priority while recent uncertainty in the US (particularly over the possible introduction of a CO2 regulations) has put a significant number of coal-fired generation plants on hold.
The US financial sector is also gearing up for a major shift in political attitude. Citi, JPMorgan Chase and Morgan Stanley have jointly launched a set of "Carbon Principles", which will guide how they lend to and advise major power companies in the US.
The banks developed the principles to evaluate risks in financing carbon-emitting projects, given the growing uncertainty around regional and national climate change policy. They will also consider power companies' inclusion of energy efficiency and renewable resources in their portfolios as part of an "enhanced diligence process".
China
During 2007, investment in non-hydro renewables capacity in China increased by more than four times, to $10.8 billion, and new wind capacity doubled to 6 gigawatts.
The report says the 2008 Beijing Olympic Games "sharpened the country's political resolve and strengthened programmes to promote cleaner generation and cut energy intensity."
Besides a surge of Chinese solar companies listing on US and European stock markets, public market activity is also growing at home. Notably, the Chinese wind manufacturer Goldwind raised $243 million last year in the Shenzhen Stock Exchange's first IPO related solely to renewable energy.
Brazil
Brazil is the world's largest renewable energy market, thanks to its long established hydropower and bioethanol industries.
Sustainable energy investment in Brazil continued to be dominated by ethanol in 2007, as investor interest shifted there from the beleaguered US ethanol market. Infinity Bio-Energy(listed on London AIM) and the US agribusiness giant Cargill both made important investments in the sector.
Beyond ethanol production, investment in sugar cane cogeneration, biodiesel production and wind generation are also picking up.
India
Asset financing in India grew significantly, to $2.5 billion, mostly for 1.7GW of new wind projects. These installations place India fourth in the world, both in terms of new capacity added in 2007 and total installed capacity.
Funds raised on Indian stock exchanges reached $628 million in 2007, although companies increasingly looked to foreign markets for new capital, raising $1.4 billion overseas in 2007. Public market activity was marked by a series of Foreign Currency Convertible Bonds (FCCBs) from established Indian renewable energy companies such as Suzlon($500 million raised) and Moser Baer($150 million).
The year 2007 also saw several aggressive cross-border deals involving Indian or Chinese acquirors, including Suzlon's $1.6 billion acquisition of Repower and China National Building Material Group's purchase of German turbine blade manufacturer NOI Rotortechnik.
Africa
Africa continues to lag other regions in terms of sustainable energy investment. Asset finance, however, was up in 2007 to $1.3 billion (five times as much as in 2006), reversing a gradual decline since 2004 and bearing witness to increasing installed renewable capacity. Investment was mainly in biofuels and geothermal. Promising large-scale solar developments were also initiated in North Africa and some signs of change in South Africa, where targets for renewable energy have been set and the country's first wind farm commissioned.
Sub-Saharan Africa, "arguably the region that has the most to gain from renewable energy," remains largely unexploited, according to the report.
Carbon finance shifting to the private sector
$13 billion had been invested in carbon funds by the end of 2007, an important source of investment for "Clean Development Mechanism" projects in developing countries. Most new investment was into private funds as carbon trading becomes more established.
The first quarter of 2008 saw the emergence of private interest in the post-Kyoto market, with investors beginning procuring post-2012 CDM credits eligible for trading in the EU Emissions Trading Scheme.
Market broadens, diversifies into emerging technologies
Investments not only grew in 2007, but broadened and diversified. Mainstream capital markets are now fully receptive to sustainable energy companies, according to the report.
2007 also saw greater activity in so-called "next generation technologies," such as cellulosic ethanol, thin-film solar technologies and energy efficiency.
Early venture capital investment surged 112% to $2 billion in 2007, boosted by interest in emerging renewable technologies, rather than just those on the brink of commercialisation.
"The willingness to look beyond mature technologies suggests that investors are taking renewable energy and energy efficiency increasingly seriously," the report says.
Public investment
General public investments, through stock and other markets, more than doubled in 2007 to $23.4 billion, up from $10.5 billion in 2006.
The Wilderhill New Energy Global Innovation Index(NEX) rose 57.9% in 2007. It then fell 17.9% in first quarter of 2008 but recovered half this loss in the second quarter.
Meanwhile, assets under management in clean energy funds rose to $35 billion in 2007.
A record 17 new clean energy public equity fund launches occurred in 2007, up from just five in 2006. Several of these were 'climate change' funds launched by mainstream investment firms including HSBC, F&C, Schroders, Deutsche Asset Management and Virgin Money.
The arrival of such heavyweights in the market is "likely to encourage the larger publicly listed companies they normally invest in to expand into sustainable energy and other low carbon sectors,"says the report.
Research & Development
Research & Development spending on clean energy and energy efficiency was $16.9 billion in 2007, including corporate R&D of $9.8 billion, and government R&D of $7.1 billion.
Europe and the Middle East saw the most corporate R&D activity, followed by the Americas and then Asia. Patterns of government R&D are the reverse, with Asian governments(notably Japan, China and India)investing relatively heavily in R&D.
Corporate Mergers & Acquisition
Corporate Mergers & Acquisition activity increased 52% to $25.7 billion in 2007.
Says Mohamed El-Ashry, Chair of the Renewable Energy Global Policy Network REN21: "One reason for the steady growth of renewables is simple economics: while the cost of fossil fuel energy is rising, the costs of renewable energy technology are falling. And with renewables there are no fuel costs-and no carbon emissions."
According to Yvo de Boer, Executive Secretary of the United Nations Framework Convention on Climate Change:"The positive trend in the renewable energy market is at least in part a business response to a policy expectation. If that expectation is not met, the conventional bottom-line will be the main driver for investment decisions.
"According to the IEA, a massive amount of US $20 trillion is projected to be invested to meet the world's energy demand in 2030. If these investments are not made in a climate-friendly way, emissions of green house gases might go up by 50% in 2050, while science tells us they need to be cut by 50% in 2050. I hear businesses crying out for clear policy signals to make the right investment decisions today. Setting a long term target for 2050 is useful, but I think it would give investors much more clarity if rich countries would indicate where they want to be in 2020 or 2030."
Contacts:
Nick Nuttall, UNEP Spokesperson, on +41-79-596-5737 (m); Nick.Nuttall@unep.org
Robert Bisset, UNEP Spokesperson for Europe,+33-1-4437-7613, +33-6-2272-5842(m),Robert.Bisset@unep.fr
Terry Collins +1-416-538-8712; +1-416-878-8712 (m),TerryCollins@rogers.c
Tuesday, July 01, 2008
CLEANTECH INDEX (CTIUS) EXPANDS GLOBALLY, ADDS 34 NEW COMPANIES
CLEANTECH INDEX (CTIUS) EXPANDS GLOBALLY,ADDS 34 NEW COMPANIES
European leaders Gamesa and Novozymes, India’s Suzlon
Added to Premier Cleantech Index
NEW YORK, June 30, 2008 The
Cleantech Group™, LLC in conjunction with the American
Stock Exchange (Amex), today announced its Cleantech Index™ (AMEX: CTIUS) added 34
companies to its portfolio of global cleantech leaders. The changes are also reflected in funds based upon CTIUS, including the PowerShares Cleantech Portfolio ETF (Amex: PZD) and KSM Cleantech ETF (Bloomberg: KSMCLNT: IT) in Israel.
“This expansion augments the Index’s coverage of the surging world demand for clean
technology solutions in the face of resource and environmental challenges,” said Rafael Coven,Managing Director of Cleantech Indices for the Cleantech Group, LLC, and Index Advisor.
“Many of the best cleantech companies trade on foreign exchanges, so the additions ensure CTIUS remains the premier index reflecting the growth of cleantech across a broad range of industry sectors and geographies.”
The Cleantech Group’s Cleantech Index is the first, and only, equity index to offer investors and index licensees an easy, liquid, and costeffective
way to track and invest in the broad cleantech category. Unlike indices that specifically track narrow sectors such renewable energy or water,
the Cleantech Index includes leading companies from a broad range of sectors such as advanced materials, agriculture, transportation, manufacturing, in addition to energy efficiency, renewables and water.
“The broad cleantech category has shown superior performance than more volatile and narrowly defined vertical or sector products,” said Coven.
CTIUS is the industry gold standard upon which a growing range of financial products are based.
In 2007, the Index outperformed the S&P 500 by 37.4 percent, over the last 12 months by 26.3 percent and in 2008 (through June 27) by 6.5 percent.
NonUS companies now comprise approximately half of the 76company
Index. The expansion includes 24 European companies, six from Asia and four from North America. Index companies must derive at least half of their operating profits or revenues from clean technology businesses,and pass 16 other quantitative and qualitative screens.
The companies joining the Index are:
Accsys Technologies, UK (AXS.L)
Arcadis, Netherlands (ARCAD.AS)
Asahi Pretec, Japan (5855:JP)
Best Water Technology, Austria (BWT.VI)
Centrotherm PV, Germany (CTN.DE)
Chloride Group, UK (CHLD.L)
Christ Water Technologies, Austria (CWT.VI)
Energy Development Co., The Philippines (EDC:PM)
Eurofins Scientific, France (ERF.PA);
Fuel Systems Solutions, USA (FSYS)
Gamesa, Spain (GAM.MC)
Grontmij, Netherlands (GRONT.AS)
Gurit Holding, Switzerland (GUR.SW)
Hansen Transmissions International, Belgium (HSN.L)
Horiba, Japan (6856:JP)
Hyflux, Singapore (600.SI)
Iberdrola Renovables, Spain (IBR.MC)
Kingspan Group, Ireland (KRX.IR)
Kurita Water Industries, Japan (6370:JP)
Meyer Burger Technology, Switzerland (MBTN.SW)
Novozymes, Denmark (NZYM.CO)
Plant Health Care, UK (PHC.L)
Renewable Energy Corp., Norway (REC.OL)
Roth & Rau, Germany (R8R.DE)
Saft Groupe, France (SAFT.PA)
Schneider Electric, France (SU.PA)
Solar Millennium, Germany (S2M.DE)
Suzlon Energy, India (SUZLON.NS)
Tomra Systems, Norway (TOM.OL)
Vaisala, Finland (VAIAS.FH)
Vestas Wind Systems, Denmark (VWS.CO)
Waterfurnace Renewable Energy, USA (WFI.TO)
Westport Innovations, Canada (WPT.TO)
Xantrex Technology, Canada (XTX.TO)
The complete list of Cleantech Index companies is listed at http://www.cleantechindex.com
About Cleantech Group, LLC
The Cleantech Group pioneered the cleantech investment category in 2002. Today, it accelerates the
development and market adoption of clean technologies globally through membership in the largest global
network of investors and companies, representing more than $3 trillion in assets. Member investors, growth
companies/vendors, enterprises, service providers, and others receive access to capital, investment
opportunities, market leading research and data, insight, sales opportunities, human capital, and promotional
opportunities. The Cleantech Group also produces the premier Cleantech Forum events worldwide. Details
at http://www.cleantech.com
SOURCE:
Cleantech Group, LLC.
MEDIA CONTACT:
Caroline Venza
Antenna Group Public Relations
(+1 415) 9771939
caroline@antennagroup.com
WEB SITES:
http://www.cleantech.com
European leaders Gamesa and Novozymes, India’s Suzlon
Added to Premier Cleantech Index
NEW YORK, June 30, 2008 The
Cleantech Group™, LLC in conjunction with the American
Stock Exchange (Amex), today announced its Cleantech Index™ (AMEX: CTIUS) added 34
companies to its portfolio of global cleantech leaders. The changes are also reflected in funds based upon CTIUS, including the PowerShares Cleantech Portfolio ETF (Amex: PZD) and KSM Cleantech ETF (Bloomberg: KSMCLNT: IT) in Israel.
“This expansion augments the Index’s coverage of the surging world demand for clean
technology solutions in the face of resource and environmental challenges,” said Rafael Coven,Managing Director of Cleantech Indices for the Cleantech Group, LLC, and Index Advisor.
“Many of the best cleantech companies trade on foreign exchanges, so the additions ensure CTIUS remains the premier index reflecting the growth of cleantech across a broad range of industry sectors and geographies.”
The Cleantech Group’s Cleantech Index is the first, and only, equity index to offer investors and index licensees an easy, liquid, and costeffective
way to track and invest in the broad cleantech category. Unlike indices that specifically track narrow sectors such renewable energy or water,
the Cleantech Index includes leading companies from a broad range of sectors such as advanced materials, agriculture, transportation, manufacturing, in addition to energy efficiency, renewables and water.
“The broad cleantech category has shown superior performance than more volatile and narrowly defined vertical or sector products,” said Coven.
CTIUS is the industry gold standard upon which a growing range of financial products are based.
In 2007, the Index outperformed the S&P 500 by 37.4 percent, over the last 12 months by 26.3 percent and in 2008 (through June 27) by 6.5 percent.
NonUS companies now comprise approximately half of the 76company
Index. The expansion includes 24 European companies, six from Asia and four from North America. Index companies must derive at least half of their operating profits or revenues from clean technology businesses,and pass 16 other quantitative and qualitative screens.
The companies joining the Index are:
Accsys Technologies, UK (AXS.L)
Arcadis, Netherlands (ARCAD.AS)
Asahi Pretec, Japan (5855:JP)
Best Water Technology, Austria (BWT.VI)
Centrotherm PV, Germany (CTN.DE)
Chloride Group, UK (CHLD.L)
Christ Water Technologies, Austria (CWT.VI)
Energy Development Co., The Philippines (EDC:PM)
Eurofins Scientific, France (ERF.PA);
Fuel Systems Solutions, USA (FSYS)
Gamesa, Spain (GAM.MC)
Grontmij, Netherlands (GRONT.AS)
Gurit Holding, Switzerland (GUR.SW)
Hansen Transmissions International, Belgium (HSN.L)
Horiba, Japan (6856:JP)
Hyflux, Singapore (600.SI)
Iberdrola Renovables, Spain (IBR.MC)
Kingspan Group, Ireland (KRX.IR)
Kurita Water Industries, Japan (6370:JP)
Meyer Burger Technology, Switzerland (MBTN.SW)
Novozymes, Denmark (NZYM.CO)
Plant Health Care, UK (PHC.L)
Renewable Energy Corp., Norway (REC.OL)
Roth & Rau, Germany (R8R.DE)
Saft Groupe, France (SAFT.PA)
Schneider Electric, France (SU.PA)
Solar Millennium, Germany (S2M.DE)
Suzlon Energy, India (SUZLON.NS)
Tomra Systems, Norway (TOM.OL)
Vaisala, Finland (VAIAS.FH)
Vestas Wind Systems, Denmark (VWS.CO)
Waterfurnace Renewable Energy, USA (WFI.TO)
Westport Innovations, Canada (WPT.TO)
Xantrex Technology, Canada (XTX.TO)
The complete list of Cleantech Index companies is listed at http://www.cleantechindex.com
About Cleantech Group, LLC
The Cleantech Group pioneered the cleantech investment category in 2002. Today, it accelerates the
development and market adoption of clean technologies globally through membership in the largest global
network of investors and companies, representing more than $3 trillion in assets. Member investors, growth
companies/vendors, enterprises, service providers, and others receive access to capital, investment
opportunities, market leading research and data, insight, sales opportunities, human capital, and promotional
opportunities. The Cleantech Group also produces the premier Cleantech Forum events worldwide. Details
at http://www.cleantech.com
SOURCE:
Cleantech Group, LLC.
MEDIA CONTACT:
Caroline Venza
Antenna Group Public Relations
(+1 415) 9771939
caroline@antennagroup.com
WEB SITES:
http://www.cleantech.com
investors following wind stocks
For investors following wind stocks- here is the list of companies in the index -
The ISE Global Wind Energy Index provides a benchmark for investors interested in tracking public companies that are active in the wind energy industry based on analysis of those companies’ products and services.
ISE Global Wind Energy Index (GWE)
Download all ISE Index Components
As of: 07-02-08
TICKER NAME ASSIGNED SHARES PRICE WEIGHT
1133 HK HARBIN POWER EQUIPMENT CO-H 28,237,579 11.3 0.43 %
182 HK China WindPower Group Ltd. 315,747,475 0.5 0.21 %
2345 HK Shanghai Prime Machinery Co Ltd 89,194,202 1.61 0.19 %
2766 JP Japan Wind Development Co., Ltd 74,602 354000 2.60 %
658 HK China High Speed Transmission Equipment Group Co. Ltd. 40,829,415 16 0.87 %
8031 JP Mitsui & Co. 4,999,083 2425 1.19 %
AES AES Corp. 4,417,937 19.27 0.89 %
AGK AU AGL Energy Limited 6,763,469 14.1 0.95 %
AIR BB Air Energy S.A. 1,870,725 38.88 1.19 %
ALO FP ALSTOM 453,477 147.89 1.10 %
AMN Ameron International Inc 381,891 119.4 0.47 %
AMSC American Superconductor 1,600,640 35.38 0.59 %
ANA SM Acciona SA 345,660 142.95 0.81 %
ATI Allegheny Technologies Inc 1,349,255 58.04 0.82 %
BBW AU Babcock & Brown Wind Partners 307,430,401 1.66 5.07 %
BLX CN Boralex Inc 2,870,708 14.29 0.42 %
BP UN BP (ADR) 1,624,431 68.17 1.15 %
BWEN BROADWIND ENERGY INC 25,216,706 17.7 4.65 %
CEI FP Areva - Ci 55,139 745 0.67 %
CGY GY Conergy AG 2,044,199 13.39 0.45 %
CPST Capstone Turbine Corp 12,012,012 4 0.50 %
CPTC US Composite Technology Corp. 19,058,510 1.25 0.25 %
CWP LN Clipper Windpower Plc 39,990,773 5.32 4.41 %
CWSI CHINA WIND SYSTEMS INC 4,798,580 4.2 0.21 %
EDP PL EDP SA 15,621,317 3.25 0.83 %
EE El Paso Electric 2,082,682 19.7 0.43 %
EEN FP EDF Energies Nouvelles SA 1,403,066 40 0.92 %
EF CN EARTHFIRST CANADA INC 80,543,897 1.55 1.27 %
ELE SQ ENDESA SA 2,185,287 30.31 1.09 %
ELET3 B Eletrobras-ON (Centrais Eletricas Brasileiras SA) 3,669,585 28.25 0.67 %
EONGY E.On (ADR) 1,684,012 67 1.18 %
FDML FEDERAL MOGUL CORP CL A-W/I 3,472,222 16.32 0.59 %
FPL FPL Group 1,318,435 65.71 0.90 %
FRS SM Fersa Energias Renovables SA 45,437,335 4.45 3.32 %
GAM SM Gamesa Corp Tecnologica SA 14,308,586 30.76 7.22 %
GE General Electric 3,811,702 27.12 1.08 %
GES DC Greentech Energy Systems 17,244,977 78 2.96 %
GRH GREENHUNTER ENERGY INC 1,011,112 14.83 0.16 %
GUR SW GURIT HOLDING AG-BR 21,791 912 0.20 %
HRX0CN Heroux-Devtek Inc. 2,591,793 7.81 0.21 %
HSN LN Hansen Transmissions International NV 131,349,005 2.86 7.80 %
IBE SQ IBERDROLA SA 7,896,021 8.12 1.05 %
IBR SM Iberdrola Renovables 12,902,584 4.76 1.01 %
INE CN Innergex Renewable Energy Inc 2,599,370 7.9 0.21 %
KDN Kaydon Corp. 1,142,139 52.53 0.62 %
KHD CN Canadian Hydro Developers Inc 8,293,737 5.35 0.45 %
LNT Alliant Energy 1,794,527 34.08 0.64 %
MORPB S Morphic Technologies AB 10,820,751 9.55 0.18 %
NDX1 GY Nordex AG 13,652,080 26.1 5.85 %
NRG NRG Energy Inc 2,028,500 43.33 0.92 %
NVE LN Novera Energy PLC 12,516,280 0.85 0.22 %
OTTR Otter Tail Corp 1,123,753 40.3 0.47 %
PEP PW Polish Energy Partners SA 1,590,873 27.7 0.22 %
RDS/A U Royal Dutch Shell - A (ADR) 1,393,767 80.25 1.17 %
ROKKA G C. Rokas S.A. 2,099,007 12.74 0.44 %
RPW GY Repower Systems 1,875,115 208.54 6.42 %
RWE GY RWE AG 898,167 80.68 1.19 %
RWE LN Renewable Energy Generation Ltd. 52,419,098 1.09 1.18 %
SI UN Siemens (ADR) 966,520 111.19 1.12 %
SKFB SS SKF AB-B 5,185,654 93.5 0.84 %
TENERGY Terna Energy S.A. 3,893,320 7.2 0.46 %
TEO FP Theolia 15,094,477 16.65 4.12 %
TRN Trinity Industries 1,710,279 33.9 0.60 %
VWS DC VESTAS WIND SYST 5,581,223 618 7.59 %
WGOV Woodward Governor 1,675,884 36.76 0.64 %
WND CN Western Wind Energy Corp. 30,662,760 3.05 0.95 %
ZOLT Zoltek Cos Inc 2,261,420 23.14 0.55 %
The ISE Global Wind Energy Index provides a benchmark for investors interested in tracking public companies that are active in the wind energy industry based on analysis of those companies’ products and services.
ISE Global Wind Energy Index (GWE)
Download all ISE Index Components
As of: 07-02-08
TICKER NAME ASSIGNED SHARES PRICE WEIGHT
1133 HK HARBIN POWER EQUIPMENT CO-H 28,237,579 11.3 0.43 %
182 HK China WindPower Group Ltd. 315,747,475 0.5 0.21 %
2345 HK Shanghai Prime Machinery Co Ltd 89,194,202 1.61 0.19 %
2766 JP Japan Wind Development Co., Ltd 74,602 354000 2.60 %
658 HK China High Speed Transmission Equipment Group Co. Ltd. 40,829,415 16 0.87 %
8031 JP Mitsui & Co. 4,999,083 2425 1.19 %
AES AES Corp. 4,417,937 19.27 0.89 %
AGK AU AGL Energy Limited 6,763,469 14.1 0.95 %
AIR BB Air Energy S.A. 1,870,725 38.88 1.19 %
ALO FP ALSTOM 453,477 147.89 1.10 %
AMN Ameron International Inc 381,891 119.4 0.47 %
AMSC American Superconductor 1,600,640 35.38 0.59 %
ANA SM Acciona SA 345,660 142.95 0.81 %
ATI Allegheny Technologies Inc 1,349,255 58.04 0.82 %
BBW AU Babcock & Brown Wind Partners 307,430,401 1.66 5.07 %
BLX CN Boralex Inc 2,870,708 14.29 0.42 %
BP UN BP (ADR) 1,624,431 68.17 1.15 %
BWEN BROADWIND ENERGY INC 25,216,706 17.7 4.65 %
CEI FP Areva - Ci 55,139 745 0.67 %
CGY GY Conergy AG 2,044,199 13.39 0.45 %
CPST Capstone Turbine Corp 12,012,012 4 0.50 %
CPTC US Composite Technology Corp. 19,058,510 1.25 0.25 %
CWP LN Clipper Windpower Plc 39,990,773 5.32 4.41 %
CWSI CHINA WIND SYSTEMS INC 4,798,580 4.2 0.21 %
EDP PL EDP SA 15,621,317 3.25 0.83 %
EE El Paso Electric 2,082,682 19.7 0.43 %
EEN FP EDF Energies Nouvelles SA 1,403,066 40 0.92 %
EF CN EARTHFIRST CANADA INC 80,543,897 1.55 1.27 %
ELE SQ ENDESA SA 2,185,287 30.31 1.09 %
ELET3 B Eletrobras-ON (Centrais Eletricas Brasileiras SA) 3,669,585 28.25 0.67 %
EONGY E.On (ADR) 1,684,012 67 1.18 %
FDML FEDERAL MOGUL CORP CL A-W/I 3,472,222 16.32 0.59 %
FPL FPL Group 1,318,435 65.71 0.90 %
FRS SM Fersa Energias Renovables SA 45,437,335 4.45 3.32 %
GAM SM Gamesa Corp Tecnologica SA 14,308,586 30.76 7.22 %
GE General Electric 3,811,702 27.12 1.08 %
GES DC Greentech Energy Systems 17,244,977 78 2.96 %
GRH GREENHUNTER ENERGY INC 1,011,112 14.83 0.16 %
GUR SW GURIT HOLDING AG-BR 21,791 912 0.20 %
HRX0CN Heroux-Devtek Inc. 2,591,793 7.81 0.21 %
HSN LN Hansen Transmissions International NV 131,349,005 2.86 7.80 %
IBE SQ IBERDROLA SA 7,896,021 8.12 1.05 %
IBR SM Iberdrola Renovables 12,902,584 4.76 1.01 %
INE CN Innergex Renewable Energy Inc 2,599,370 7.9 0.21 %
KDN Kaydon Corp. 1,142,139 52.53 0.62 %
KHD CN Canadian Hydro Developers Inc 8,293,737 5.35 0.45 %
LNT Alliant Energy 1,794,527 34.08 0.64 %
MORPB S Morphic Technologies AB 10,820,751 9.55 0.18 %
NDX1 GY Nordex AG 13,652,080 26.1 5.85 %
NRG NRG Energy Inc 2,028,500 43.33 0.92 %
NVE LN Novera Energy PLC 12,516,280 0.85 0.22 %
OTTR Otter Tail Corp 1,123,753 40.3 0.47 %
PEP PW Polish Energy Partners SA 1,590,873 27.7 0.22 %
RDS/A U Royal Dutch Shell - A (ADR) 1,393,767 80.25 1.17 %
ROKKA G C. Rokas S.A. 2,099,007 12.74 0.44 %
RPW GY Repower Systems 1,875,115 208.54 6.42 %
RWE GY RWE AG 898,167 80.68 1.19 %
RWE LN Renewable Energy Generation Ltd. 52,419,098 1.09 1.18 %
SI UN Siemens (ADR) 966,520 111.19 1.12 %
SKFB SS SKF AB-B 5,185,654 93.5 0.84 %
TENERGY Terna Energy S.A. 3,893,320 7.2 0.46 %
TEO FP Theolia 15,094,477 16.65 4.12 %
TRN Trinity Industries 1,710,279 33.9 0.60 %
VWS DC VESTAS WIND SYST 5,581,223 618 7.59 %
WGOV Woodward Governor 1,675,884 36.76 0.64 %
WND CN Western Wind Energy Corp. 30,662,760 3.05 0.95 %
ZOLT Zoltek Cos Inc 2,261,420 23.14 0.55 %
Labels:renewable energy and cleantech stocks
wind stocks
Monday, June 30, 2008
How to Pick Winners in the Coming “Tsunami” of Renewable Energy IPOs
How to Pick Winners in the Coming “Tsunami” of Renewable Energy IPOs
Investorideas.com Green Investor Audio Series
June 30, 2008
Michael Brush Audio Interview with Mr. Michael Eckhart, President of the American Council on Renewable Energy (ACORE)
Long-term renewable energy sector expert Michael Eckhart talks with Michael Brush about why we will soon see a “tsunami” of renewable energy stock initial public offerings, and what you need to know to pick the winners. Mr. Eckhart, President of the American Council on Renewable Energy, brings a unique level of passion and perspective to any discussion on the space because he has been following the sector for over 25 years. A former Manager of Strategic Planning for the Power Systems Sector of General Electric, Mr. Eckhart holds an undergraduate degree in electrical engineering, and he has an MBA from Harvard Business School.
Audio file: click here:
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/gi062608.mp3
Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Michael also writes the Insiders Corner Exclusively for Invesorideas.com.
About Our Green Investor Portals:
www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Featured Green Companies are showcased on: www.Renewableenergystocks.com.
www.InvestorIdeas.com/About/Disclaimer.asp
Investorideas.com Green Investor Audio Series
June 30, 2008
Michael Brush Audio Interview with Mr. Michael Eckhart, President of the American Council on Renewable Energy (ACORE)
Long-term renewable energy sector expert Michael Eckhart talks with Michael Brush about why we will soon see a “tsunami” of renewable energy stock initial public offerings, and what you need to know to pick the winners. Mr. Eckhart, President of the American Council on Renewable Energy, brings a unique level of passion and perspective to any discussion on the space because he has been following the sector for over 25 years. A former Manager of Strategic Planning for the Power Systems Sector of General Electric, Mr. Eckhart holds an undergraduate degree in electrical engineering, and he has an MBA from Harvard Business School.
Audio file: click here:
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/gi062608.mp3
Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Michael also writes the Insiders Corner Exclusively for Invesorideas.com.
About Our Green Investor Portals:
www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Featured Green Companies are showcased on: www.Renewableenergystocks.com.
www.InvestorIdeas.com/About/Disclaimer.asp
RenewableEnergyStocks.com, Presents Ludlow Energy Investor Conference July 2008
Ludlow Energy Ventures, in conjunction with RenewableEnergyStocks.com Presents Ludlow Energy Investor Conferences
POINT ROBERTS, WA and DELTA, BC—June 30, 2008 -- www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com, is pleased to participate as a sponsor of the upcoming Ludlow Clean Tech Investor Conference to be held in New York, July 24, 2008. The conference wil provide public and private companies in the green sector an opportunity to present to an institutional audience.
Ludlow Energy Investor Conferences
http://www.ludlowenergy.com/events/
Ludlow Energy Ventures, in conjunction with RenewableEnergyStocks.com, is bringing together institutional and accredited investors from Wall Street to focus in on the alternative and renewable energy investment sector. The conferences will consist of company presentations, discussion workshops, and private diners and cocktail receptions on Wall Street.
Companies interested in presenting or sponsoring the event can sign up and register online at :
http://www.ludlowenergy.com/events/form/present_res.htm
New York City Ludlow Clean Tech Investor Conference
July 24, 2008
The New York Helmsley Hotel
212 East 42nd Street
New York, New York 10017
About Ludlow Energy Ventures
Based in New York City, Ludlow Energy Ventures is a venture capital and research advisory firm with a specific focus on the renewable and alternative energy markets. The goal of the firm is to promote investments into alternative and renewable energy projects and ventures worldwide. Ludlow Energy Ventures owns and operates the Ludlow Energy Indices, which tracks a wide basket of US traded large and small cap alternative energy stocks. www.ludlowenergy.com
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. More info:
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com
Sarah Kapchinske
Ludlow Energy Ventures, Inc.
Email: info@ludlowenergy.com
Source: RenewableEnergyStocks.com, Ludlow
POINT ROBERTS, WA and DELTA, BC—June 30, 2008 -- www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com, is pleased to participate as a sponsor of the upcoming Ludlow Clean Tech Investor Conference to be held in New York, July 24, 2008. The conference wil provide public and private companies in the green sector an opportunity to present to an institutional audience.
Ludlow Energy Investor Conferences
http://www.ludlowenergy.com/events/
Ludlow Energy Ventures, in conjunction with RenewableEnergyStocks.com, is bringing together institutional and accredited investors from Wall Street to focus in on the alternative and renewable energy investment sector. The conferences will consist of company presentations, discussion workshops, and private diners and cocktail receptions on Wall Street.
Companies interested in presenting or sponsoring the event can sign up and register online at :
http://www.ludlowenergy.com/events/form/present_res.htm
New York City Ludlow Clean Tech Investor Conference
July 24, 2008
The New York Helmsley Hotel
212 East 42nd Street
New York, New York 10017
About Ludlow Energy Ventures
Based in New York City, Ludlow Energy Ventures is a venture capital and research advisory firm with a specific focus on the renewable and alternative energy markets. The goal of the firm is to promote investments into alternative and renewable energy projects and ventures worldwide. Ludlow Energy Ventures owns and operates the Ludlow Energy Indices, which tracks a wide basket of US traded large and small cap alternative energy stocks. www.ludlowenergy.com
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. More info:
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com
Sarah Kapchinske
Ludlow Energy Ventures, Inc.
Email: info@ludlowenergy.com
Source: RenewableEnergyStocks.com, Ludlow
Sunday, June 29, 2008
Invesco PowerShares to Launch Exchange Traded Fund Based On New Index ; NASDAQ OMX(r) Clean Edge(r) Global Wind EnergyIndex(sm)
Invesco PowerShares to Launch Exchange Traded Fund Based On New Index ; NASDAQ OMX(r) Clean Edge(r) Global Wind EnergyIndex(sm)
NEW YORK, June 26, 2008 - The NASDAQ OMX Group,Inc. (Nasdaq:NDAQ) and Clean Edge, Inc. announced today theintroduction of the NASDAQ OMX(r) Clean Edge(r) Global Wind EnergyIndex(sm) (Nasdaq:QWND), a new benchmark for the global wind energysector.
The NASDAQ OMX(r) Clean Edge(r) Global Wind Energy Index is amodified market-capitalization index and includes companies that areprimarily manufacturers, developers, distributors, installers, andusers of energy derived from wind sources."Wind energy is one of the world's fastest growing energy industriesand the launch of this index brings more focus and definition to thisimportant source of clean energy," said NASDAQ OMX Executive VicePresident John Jacobs. "This index is also a valuable addition toNASDAQ OMX's current offering of environmental sustainabilityindexes.
""Wind energy was a $30 billion global industry in 2007 and isprojected to continue growing in the years ahead," said Ron Pernick,Clean Edge Co-founder and Managing Director. "This benchmark enablesinvestors to track the Performance of pure-play and multinationalcompanies that are key drivers of this rapidly expanding industry."Invesco PowerShares Capital management LLC, a leading provider ofexchange-traded funds (ETFs), will develop an ETF based on the NASDAQOMX(r) Clean Edge(r) Global Wind Energy Index and list the etf on theNASDAQ Stock Market."We believe the PowerShares Global Wind Energy Portfolio(Nasdaq:PWND) will represent a lower cost way for investors to accessthis key alternative-energy market with the structural benefits of anETF," said Bruce Bond, President and CEO of Invesco PowerShares.For more information about PowerShares ETFs, visitwww.invescopowershares.com/products/.The NASDAQ OMX(r) Clean Edge(r) Global Wind Energy Index iscalculated in real-time across the combined exchanges and isdisseminated by NASDAQ OMX in U.S. Dollars. The Index commencedcalculation today with a value of 250.00.The NASDAQ OMX(r) Clean Edge(r) Global Wind Energy Index is currentlycomprised of companies that are screened by Clean Edge and thecomponents are divided into two categories; pure play securities andmultinational corporation securities.
To view the companies in theNASDAQ OMX(r) Clean Edge(r) Global Wind Energy Index, visit ourwebsite www.nasdaq.com/indexes.
About NASDAQ OMX Global Financial ProductsNASDAQ OMX Global Financial Products (NOGFP) is engaged in thedesign, development, calculation, licensing, and marketing of NASDAQOMX indexes. NOGFP specializes in the development of indexes focusingon NASDAQ OMX's brand themes of innovation, technology, growth, andglobalization. NOGFP also provides custom index services and designsolutions as a third-party provider to selected financialorganizations. For more information about NASDAQ OMX indexes, visitwww.nasdaq.com/indexes
About NASDAQ OMXThe NASDAQ OMX Group, Inc. is the world's broadest and most diverseexchange company. It delivers trading, exchange technology, andpublic company services across six continents, and with over 3,900companies, it is number one in worldwide listings among majormarkets. NASDAQ OMX offers multiple capital raising solutions tocompanies around the globe, including its U.S. listings market; theOMX Nordic Exchange, including First North; and the 144A PORTALMarket. The company offers Trading across multiple asset classesincluding equities, derivatives, debt, commodities, structuredproducts, and ETFs. NASDAQ OMX technology supports the operations ofover 60 exchanges, clearing organizations and central securitiesdepositories in more than 50 countries. OMX Nordic Exchange is not alegal entity but describes the common offering from Nasdaq OMXexchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga,and Vilnius. For more information about NASDAQ OMX, visitwww.nasdaqomx.com.About Clean EdgeClean Edge, Inc., with offices in the San Francisco Bay Area andPortland, Ore., is a leading research and publishing firm that helpscompanies, investors, and policymakers understand and profit fromclean technologies. Founded in 2000, Clean Edge and its network ofpartners and affiliates offer unparalleled intelligence and insightinto the clean-tech sector. Among its many activities, the companypublishes the annual "Clean Energy Trends" report, produces theannual Clean-Tech Investor Summit (along with IBF), and maintains anumber of clean-energy stock indexes. To keep abreast of the latestclean-tech news, access industry reports, learn more about thecompany's annual summit and stock indexes, or sign up for CleanEdge's free e-newsletter, visit www.cleanedge.com.
Cautionary Note Regarding Forward-Looking StatementsThe matters described herein may contain forward-looking statementsthat are made under the Safe Harbor provisions of the PrivateSecurities Litigation Reform Act of 1995. These statements include,but are not limited to, statements about the NASDAQ OMX Clean EdgeGlobal Wind Energy Index and NASDAQ OMX Group's other products andofferings. We caution that these statements are not guarantees offuture performance. Actual results may differ materially from thoseexpressed or implied in the forward-looking statements.Forward-looking statements involve a number of risks, uncertaintiesor other factors beyond NASDAQ OMX's control. These factors include,but are not limited to, factors detailed in NASDAQ OMX's annualreport on Form 10-K, and periodic reports filed with the U.S.Securities and Exchange Commission. We undertake no obligation torelease any revisions to any forward-looking statements.The NASDAQ OMX Clean Edge Global Wind Energy Index ("Index") is theexclusive property of The NASDAQ OMX Group, Inc., (collectively, withits affiliates "NASDAQ OMX") and Clean Edge, Inc. ("Clean Edge").NASDAQ OMX has contracted with Standard & Poor's ("S&P") to calculateand maintain the NASDAQ OMX Clean Edge Global Wind Energy Index. S&Pshall have no liability for any errors or omissions in calculatingthe Index.NASDAQ(r) and OMX(tm) are registered trademarks of NASDAQ OMX and TheNASDAQ OMX Clean Edge Global Wind Energy Index(sm) is a service markof NASDAQ OMX and Clean Edge. These marks are collectively licensedfor use by PowerShares. The PowerShares Global Wind Energy Portfoliohas not been passed on by NASDAQ OMX or Clean Edge as to its legalityor suitability. The PowerShares Global Wind Energy Portfolio is notissued, endorsed, or sold by NASDAQ OMX or Clean Edge. NEITHER NASDAQOMX NOR CLEAN EDGE MAKES ANY WARRANTIES OR BEARS ANY LIABILITY WITHRESPECT TO THE POWERSHARES GLOBAL WIND ENERGY PORTFOLIO.NDAQG
CONTACT: NASDAQ OMXMedia Contact:Wayne Lee+301.978.4875Wayne.D.Lee@NASDAQOMX.comIssuer & Investor Contact:Lisa Chaney+301.978.8281Lisa.Chaney@NASDAQOMX.comClean Edge, Inc.Ron Pernick+503.493.8681pernick@cleanedge.com.
NEW YORK, June 26, 2008 - The NASDAQ OMX Group,Inc. (Nasdaq:NDAQ) and Clean Edge, Inc. announced today theintroduction of the NASDAQ OMX(r) Clean Edge(r) Global Wind EnergyIndex(sm) (Nasdaq:QWND), a new benchmark for the global wind energysector.
The NASDAQ OMX(r) Clean Edge(r) Global Wind Energy Index is amodified market-capitalization index and includes companies that areprimarily manufacturers, developers, distributors, installers, andusers of energy derived from wind sources."Wind energy is one of the world's fastest growing energy industriesand the launch of this index brings more focus and definition to thisimportant source of clean energy," said NASDAQ OMX Executive VicePresident John Jacobs. "This index is also a valuable addition toNASDAQ OMX's current offering of environmental sustainabilityindexes.
""Wind energy was a $30 billion global industry in 2007 and isprojected to continue growing in the years ahead," said Ron Pernick,Clean Edge Co-founder and Managing Director. "This benchmark enablesinvestors to track the Performance of pure-play and multinationalcompanies that are key drivers of this rapidly expanding industry."Invesco PowerShares Capital management LLC, a leading provider ofexchange-traded funds (ETFs), will develop an ETF based on the NASDAQOMX(r) Clean Edge(r) Global Wind Energy Index and list the etf on theNASDAQ Stock Market."We believe the PowerShares Global Wind Energy Portfolio(Nasdaq:PWND) will represent a lower cost way for investors to accessthis key alternative-energy market with the structural benefits of anETF," said Bruce Bond, President and CEO of Invesco PowerShares.For more information about PowerShares ETFs, visitwww.invescopowershares.com/products/.The NASDAQ OMX(r) Clean Edge(r) Global Wind Energy Index iscalculated in real-time across the combined exchanges and isdisseminated by NASDAQ OMX in U.S. Dollars. The Index commencedcalculation today with a value of 250.00.The NASDAQ OMX(r) Clean Edge(r) Global Wind Energy Index is currentlycomprised of companies that are screened by Clean Edge and thecomponents are divided into two categories; pure play securities andmultinational corporation securities.
To view the companies in theNASDAQ OMX(r) Clean Edge(r) Global Wind Energy Index, visit ourwebsite www.nasdaq.com/indexes.
About NASDAQ OMX Global Financial ProductsNASDAQ OMX Global Financial Products (NOGFP) is engaged in thedesign, development, calculation, licensing, and marketing of NASDAQOMX indexes. NOGFP specializes in the development of indexes focusingon NASDAQ OMX's brand themes of innovation, technology, growth, andglobalization. NOGFP also provides custom index services and designsolutions as a third-party provider to selected financialorganizations. For more information about NASDAQ OMX indexes, visitwww.nasdaq.com/indexes
About NASDAQ OMXThe NASDAQ OMX Group, Inc. is the world's broadest and most diverseexchange company. It delivers trading, exchange technology, andpublic company services across six continents, and with over 3,900companies, it is number one in worldwide listings among majormarkets. NASDAQ OMX offers multiple capital raising solutions tocompanies around the globe, including its U.S. listings market; theOMX Nordic Exchange, including First North; and the 144A PORTALMarket. The company offers Trading across multiple asset classesincluding equities, derivatives, debt, commodities, structuredproducts, and ETFs. NASDAQ OMX technology supports the operations ofover 60 exchanges, clearing organizations and central securitiesdepositories in more than 50 countries. OMX Nordic Exchange is not alegal entity but describes the common offering from Nasdaq OMXexchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga,and Vilnius. For more information about NASDAQ OMX, visitwww.nasdaqomx.com.About Clean EdgeClean Edge, Inc., with offices in the San Francisco Bay Area andPortland, Ore., is a leading research and publishing firm that helpscompanies, investors, and policymakers understand and profit fromclean technologies. Founded in 2000, Clean Edge and its network ofpartners and affiliates offer unparalleled intelligence and insightinto the clean-tech sector. Among its many activities, the companypublishes the annual "Clean Energy Trends" report, produces theannual Clean-Tech Investor Summit (along with IBF), and maintains anumber of clean-energy stock indexes. To keep abreast of the latestclean-tech news, access industry reports, learn more about thecompany's annual summit and stock indexes, or sign up for CleanEdge's free e-newsletter, visit www.cleanedge.com.
Cautionary Note Regarding Forward-Looking StatementsThe matters described herein may contain forward-looking statementsthat are made under the Safe Harbor provisions of the PrivateSecurities Litigation Reform Act of 1995. These statements include,but are not limited to, statements about the NASDAQ OMX Clean EdgeGlobal Wind Energy Index and NASDAQ OMX Group's other products andofferings. We caution that these statements are not guarantees offuture performance. Actual results may differ materially from thoseexpressed or implied in the forward-looking statements.Forward-looking statements involve a number of risks, uncertaintiesor other factors beyond NASDAQ OMX's control. These factors include,but are not limited to, factors detailed in NASDAQ OMX's annualreport on Form 10-K, and periodic reports filed with the U.S.Securities and Exchange Commission. We undertake no obligation torelease any revisions to any forward-looking statements.The NASDAQ OMX Clean Edge Global Wind Energy Index ("Index") is theexclusive property of The NASDAQ OMX Group, Inc., (collectively, withits affiliates "NASDAQ OMX") and Clean Edge, Inc. ("Clean Edge").NASDAQ OMX has contracted with Standard & Poor's ("S&P") to calculateand maintain the NASDAQ OMX Clean Edge Global Wind Energy Index. S&Pshall have no liability for any errors or omissions in calculatingthe Index.NASDAQ(r) and OMX(tm) are registered trademarks of NASDAQ OMX and TheNASDAQ OMX Clean Edge Global Wind Energy Index(sm) is a service markof NASDAQ OMX and Clean Edge. These marks are collectively licensedfor use by PowerShares. The PowerShares Global Wind Energy Portfoliohas not been passed on by NASDAQ OMX or Clean Edge as to its legalityor suitability. The PowerShares Global Wind Energy Portfolio is notissued, endorsed, or sold by NASDAQ OMX or Clean Edge. NEITHER NASDAQOMX NOR CLEAN EDGE MAKES ANY WARRANTIES OR BEARS ANY LIABILITY WITHRESPECT TO THE POWERSHARES GLOBAL WIND ENERGY PORTFOLIO.NDAQG
CONTACT: NASDAQ OMXMedia Contact:Wayne Lee+301.978.4875Wayne.D.Lee@NASDAQOMX.comIssuer & Investor Contact:Lisa Chaney+301.978.8281Lisa.Chaney@NASDAQOMX.comClean Edge, Inc.Ron Pernick+503.493.8681pernick@cleanedge.com.
Labels:renewable energy and cleantech stocks
solar stocks . renewable energy stocks,
wind stocks. wind index
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