Posts for Ticker ‘BWEN’

Bankruptcy in Wind Turbine Maker Highlights Sector Risks (GE, SI, ZOLT, OTTR, BWEN)

Burning House ImageWind energy is supposed to be one of the key puzzle pieces in the quest to get off the dependence of foreign energy sources.  Yet a fairly disturbing story from the Daily Camera in Boulder. Colorado last night highlighted how all the federal grant money and all the alternative energy money in the world will still not be enough to keep every player alive.  Entegrity Wind Systems Inc. is a Canada-based wind turbine manufacturer that has based some operations in Boulder, CO.  And now the company has gone bankrupt.  In now way will this kill the efforts and ambition of the two giants in the U.S.:  General Electric Co. (NYSE: GE) and Siemens AG (NYSE: SI).  It might even be good news for the giants as one less future competitor may be gone.  However, it does highlight at least some of the potential risks and ongoing risks for three smaller companies:

Posted on: October 27, 2009 – 11:33 am in Alternative Energy, Bankruptcy, Green Biz, , , , ,

Siemens Shows Wind Energy is Alive (SI, DUK, BAM, GE, ZOLT, BWEN)

Wind Energy PicSiemens AG (NYSE: SI) is showing that wind energy is not as dead as many might have you believe. This morning the company issued a press release showing that wind power orders are still possible. The company said that it had been awarded 6 new wind turbine orders in just the last month that come to more than $900 million in orders. While this is not exactly breaking news that will influence a quarter or a year, it shows that there is still some appetite out there for wind power that could help other wind power players domiciled in the U.S.

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Posted on: October 13, 2009 – 11:30 am in Alternative Energy, Conglomerates, Green Biz, Utilities, , , , , ,

The Big Dig State Takes The Lead on Wind Power

oil

Offshore wind projects that generate no emissions and can generate energy for millions of homes and businesses along the East Coast. They make good old-fashioned horse sense.

They have the potential to open up new opportunities for companies related to the wind energy market, like gear and turbine-maker Broadwind Energy (Nasdaq: BWEN) and Vestas Wind Systems, as several farms are expected to be built in the next two or three years. Read More »

Posted on: July 28, 2009 – 1:10 pm in Alternative Energy, Green Biz,