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apwr <--awesome dd at yahoo Zolt board. click on Idea Part1 through Part8
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_Z/forumview?bn=20440
market like it also:
COMPOSITE TECHNOLOGY CORPORATION
Price: 1.20 +0.20 +20.00%
Bid: 1.20 [+]
Ask: 1.20
Open: 1.03
Volume: 1,934,028
Small Cap plays: #board-865
Big Board plays: #board-711
Composite Technology Completes Equity Placement With Credit Suisse
Friday June 27, 8:33 am ET
IRVINE, CA--(MARKET WIRE)--Jun 27, 2008 -- Composite Technology Corporation (CTC) (OTC BB:CPTC.OB - News) is pleased to announce that Credit Suisse Securities (Europe) Limited (Credit Suisse) has exercised its option to invest a further $40 million. Prior to this investment, Credit Suisse owned 9.3% of the outstanding shares of CTC. This sale resulted in net proceeds to CTC of $40 million.
ADVERTISEMENT
After this investment, Credit Suisse owns approximately 23.7% of the outstanding shares of the company. Further details will be filed in a timely manner in a Form 8-K report with the Securities and Exchange Commission.
Benton Wilcoxon, Chairman and CEO of Composite Technology, stated, "We are very pleased that Credit Suisse has chosen to exercise its option to invest further in our company. This is a strong endorsement of CTC's market position and the technological advantages of ACCC conductors and DeWind D8.2 turbines have when compared to competing products. We are well positioned for growth and this investment should facilitate the negotiation and completion of significant DeWind D8.2 orders as well as expand the growth in ACCC conductor business worldwide."
The securities were offered to accredited investors in reliance on an exemption from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The offering has not been registered under the Securities Act or any state securities of "blue sky" laws, and the securities may not be offered or sold absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy securities.
About CTC:
Composite Technology Corporation, based in Irvine, California, USA, develops, manufactures and sells innovative high performance electrical transmission and renewable energy generation products through its subsidiaries:
-- CTC Cable Corporation produces composite rod for use in its patented
ACCC* (Aluminum Conductor Composite Core) conductors, which are "high
efficiency conductors" for use in electrical transmission grid systems.
ACCC conductors demonstrate less electricity line losses when compared with
conventional conductors and when deployed in place of conventional
conductors on existing systems, the higher efficiency of ACCC conductors
enables power generators to reduce the amount of power they must generate
while still delivering the same power to the customers. They have also
demonstrated significant savings in upgrade capital costs and operating
expenses when substituted in grid systems for other conductors. ACCC
conductors enable grid operators to reduce blackouts and brownouts,
providing a 'reserve electrical capacity' by operating at higher
temperatures without significant thermal sag of the lines. ACCC conductors
are an innovative economical solution for reconductoring power lines,
constructing new lines and crossing large spans. ACCC composite core is
delivered to qualified conductor manufacturers worldwide for local ACCC
conductor production and resale into local markets.
-- DeWind Inc. designs, produces, and sells the DeWind series of wind
energy turbines, including the new 2 megawatt (MW) D8.2 model available in
both 60Hz and 50Hz; the 2MW D8 model in 50Hz; and the 1.25MW D6 model in
50Hz. The new D8.2 has been operating since early 2007 at Cuxhaven,
Germany, and utilizes the advanced WinDrive® hydrodynamic torque
converter developed by Voith AG in combination with a synchronous AC
generator with high voltage output that is connected directly to the grid
without the use of power conversion electronics. The first 60Hz D8.2 is now
operating at Sweetwater, Texas, where it will initially be used for
demonstration to North American customers. DeWind D8.2 turbines are now
being assembled at TECO Westinghouse Motor Co., in Texas for our North and
South American customers.
*ACCC is a trademark of CTC Cable Corporation
For further information visit our website: www.compositetechcorp.com. Investor Relations Contact: James Carswell, +1-949-428-8500.
This press release may contain forward-looking statements, as defined in the Securities Reform Act of 1995 (the "Reform Act"). The safe harbor for forward-looking statements provided to companies by the Reform Act does not apply to Composite Technology Corporation (the "Company"). However, actual events or results may differ from the Company's expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties including, but not limited to, competition with larger companies, development of and demand for a new technology, risks associated with a startup company, the ability of the company to convert quotations and framework agreements into firm orders, our customers' fulfillment of payment obligations under the respective supply agreement, our ability to deliver reliable turbines on a timely basis, general economic conditions, the availability of funds for capital expenditure by customers, availability of timely financing, cash flow, securing sufficient quantities of essential raw materials, timely delivery by suppliers, ability to produce the turbines and acquire their components, ability to maintain quality control, collection-related and currency risks from international transactions, the successful outcome of joint venture negotiations, or the Company's ability to manage growth. Other risk factors attributable to the Company's business may affect the actual results achieved by the Company, including those that are found in the Company's Annual Report filed with the SEC on Form 10-K for fiscal year ended September 30, 2007 and subsequent Quarterly Reports on Form 10-Q and subsequent Current Reports filed on Form 8-K that will be included with or prior to the filing of the Company's next Quarterly or Annual Report.
Contact:
Investor Relations Contact:
James Carswell
+1-949-428-8500
--------------------------------------------------------------------------------
Source: Composite Technology Corporation
Juhl Wind CEO Appears on Fox Business ''Money for Breakfast''
Juhl Wind Inc. (OTCBB: JUHL) announced that earlier today, the company’s CEO, Dan Juhl appeared on the Fox Business Network’s “Money for Breakfast” program in a feature interview covering Juhl Wind’s public company merger and trading under the symbol JUHL. Mr. Juhl was interviewed by Alexis Glick, the host of “Money for Breakfast.” The entire interview can be viewed on the company’s website at www.juhlwind.com.
During the interview, Dan Juhl stated “We have about 400 megawatts in different phases of development in the queue right now. Wind power is now a mature technology and is the fastest growing energy technology on the planet. We have no fuel and no waste and that is why it is taking off all over the world.” About Juhl Wind Inc.
Juhl Wind is an established leader in Community Based Wind Power development and management, focused on wind farm projects throughout the United States and Canada. Juhl Wind pioneered community-based wind farms, developing the currently accepted financial, operational and legal structure providing local ownership of medium to large scale wind farms. To date, the Company has completed 11 wind farm projects and provides operations management and oversight across the portfolio. Juhl Wind services every aspect of wind farm development from full development and ownership to consultation. Juhl Wind is based in Woodstock, Minnesota and is traded on the OTCBB under the symbol JUHL.OB. Additional information is available at the Company’s website at www.juhlwind.com or by calling 877 584 5946 (or 877-JUHLWIN).
not a chart, but do you see a vestas ad when you click this forbes article?
http://www.forbes.com/fdc/welcome_mjx.shtml
Might be big things in store for CPTC...
nice- thanks for pointing that out
From CPTC's 10K
Our Wind segment progress was the result of the continued liquidation of the acquired turbine inventory and progress on sales of our new and existing turbines. Excluding service revenue of $7.1 million for 2007 and $3.5 million for 2006, our turbine revenues increased from $3.1 million in 2006 to $17.6 million in 2007, the result of four quarters of operations compared to one quarter for 2006 and the push to complete the liquidation of the acquisition inventory. Included in our $50 million order backlog at September 30, 2007 are 21 turbines, including our first commercial D8.2 model shipped in September, 2007 and installed in November, 2007. We believe that we are executing on our market strategy for our next generation D8.2 model turbine and substantial progress was made in our turbine development and operations including advances in the development of the turbine supply chain and the successful technical certification of our D8.2 turbine by July, 2007.
DeWind has entered into non-binding term sheets for the sale of wind energy products with a potential purchaser based in the U.S. for 125 turbines, hubs, switch gears and other related products ("Turbine Products"). If the parties execute definitive agreements with DeWind, and each party performs all obligations in accordance with the term sheet provisions in a timely manner, then DeWind would receive revenues of approximately $10 million in 2008 and $240 million in 2009 from such customer. This customer also wishes to receive an option to purchase up to 375 additional turbines provided that it deposit 5% of the purchase price with DeWind by July 1, 2008, and that DeWind is not required to deliver more than 125 turbines per year.
Another purchaser located in Brazil has entered into a non-binding term sheet with DeWind to purchase 76 Turbine Units. If the parties execute definitive agreements with DeWind, and each party performs all obligations in accordance with the term sheet provisions in a timely manner, then DeWind would receive revenues of $180 million in 2008 from the Brazilian customer.
WWEI nice channeler to .18
WWEI - Welwind Energy
Welwind Energy (OTC:WWEI) - operates wind farms in China. set to pop.
Ahh I guess that is about to change! One to watch for!
It's a shame not one of those companies mentioned is publicly trade...
http://www.airtricity.com/ireland/
http://www.firstwind.com/
A Mighty Wind: Noble Environmental Power Files for $375M IPO
Gregory T. Huang 5/9/08
It’s not just pollen in the air these days. Renewable energy projects are blooming throughout New England. Now, Noble Environmental Power, a fast-growing wind-power company based in Essex, CT, has filed for an initial public offering worth up to $375 million. (On the heels of yesterday’s IPO filing by Lexington, MA-based web management services firm Gomez, maybe the market for IPOs really is coming back).
According to its filing with the SEC, Noble Power is “focused on developing, financing, constructing, owning and operating windparks in attractive energy markets in the United States.” The company’s plan is to sell energy and energy-capacity generated by its wind parks. Its first three parks have been up and running in New York since March, and the firm hopes to quadruple its total power capacity by the end of 2009, with more parks under construction in New York and Texas. By 2012, it may expand to Maine, New Hampshire, Vermont, and other states.
To date, the company has not yet generated significant revenue—it reported $72 million in net losses as of the end of 2007. It is also dependent on state policies and regulations that support wind parks—not always the easiest projects to push through.
Founded in 2004, Noble Power has more than 150 employees and a total capitalization of $1.1 billion. JPMorgan Partners, Lehman Brothers, and Credit Suisse are leading the underwriting. The principal shareholder is JPMorgan. When the time comes, Noble Power intends to trade on the NASDAQ market under the ticker symbol NEPI.
http://www.xconomy.com/2008/05/09/a-mighty-wind-noble-environmental-power-files-for-375m-ipo/
http://www.noblepower.com
Wind farms sprout in western New York
Matthew Daneman • Staff writer • May 4, 2008
Wyoming County has 43,000 people, 46,000 dairy cows and a lot of wind.
Planted among the wide fields in the southern part of the county are numerous towering wind turbines — giant white windmills which at their highest stand about as tall as Kodak Tower. The whooshing whine of the long blades, sounding vaguely like a far-off jetliner, is occasionally drowned out by a passing pickup truck.
Noble Environmental Power http://www.noblepower.com , a Connecticut-based wind energy company, last year put up 67 turbines in the town of Eagle, about 60 miles southwest of Rochester. The turbines — standing 265 feet tall, with blades extending an additional 123 feet — turn out 100 megawatts of electricity that is fed into the national power grid and then sold to businesses and homes.
Noble plans to erect 84 more turbines this year in Eagle and the adjacent town of Wethersfield. Combined, the two projects will represent a $450 million investment.
Wind energy companies see potential gold in New York's hills.
Aside from Wyoming County, there are 62 other wind energy projects proposed across the state, according to the New York Independent System Operator. They include plans by Massachusetts-based First Wind for two projects in Ontario County and one in Genesee County; a 120-megawatt wind farm in Orleans County by Airtricity Inc. of Ireland; and a 75-megawatt wind farm in Genesee County by Tonawanda Creek Wind LLC.
First Wind, which last week changed its name from UPC Wind, also is planning a wind farm in Prattsburgh, Yates County, and has a pair of wind farms under development in Steuben County.
And Noble is planning 67 more turbines in the Southern Tier, primarily in Allegany County. It also has wind farms under development in Cattaraugus, Franklin and Clinton counties.
Iberdrola's presence
Noble's Wethersfield towers will be a short distance from the small Wethersfield Wind farm of 10 towers owned by a Pennsylvania subsidiary of Spanish energy giant Iberdrola SA, the company that seeks to acquire the parent of Rochester Gas and Electric Corp. and New York State Electric and Gas Corp. In all, Wyoming is home to two of the six wind farms currently operating in the state. The others are in Lewis, Madison and Erie counties.
According to paperwork filed with the New York Independent System Operator, the nonprofit organization that oversees the state's electricity transmission grid, Chicago-based Invenergy LLC and Texas-based Horizon Wind Energy both have proposals for wind farms in Wyoming County.
Wyoming has "really, really great wind — probably the best overall in New York state," said Sherry Grugel, Noble's western New York community outreach associate.
Fanning all this wind farm activity is the federal government's renewable energy production tax credit of about 2 cents per kilowatt-hour, said Thomas Drennen, a professor of economics and environmental studies at Hobart and William Smith Colleges in Geneva. Combined with increased turbine efficiency and growing consumer demand for wind power, the tax credit makes wind energy a viable business despite its large capital investment requirements, Drennen said.
According to research by Drennen, the cost of wind power is 6.37 cents per kilowatt-hour, compared with 5.57 cents for nuclear power, 4.94 cents for coal and more than 7 cents for natural gas.
Along with the tax credit, "It doesn't hurt that the price at which we can sell our power in New York is reasonable," said Bob Maxwell, Noble's vice president of development for the state.
Electricity costs in New York traditionally are well above national averages.
Wyoming County has not had to market itself to wind energy companies, said county Planning and Development Director Drew Shapiro.
"They find you," Shapiro said. "They know the areas that are fertile."
Noble has signed easement rights agreements with the owners of 10,000 acres in Wyoming County, giving the company the right to go in and build turbines and access roads in exchange for payments of about $7,000 a year per turbine.
"Some of these farmers are doing really, really well having these," Grugel said.
While Noble's office in Eagle employs 30, the rural town isn't expecting to see big economic development from the turbines going up across its landscape, said town Supervisor Joseph R. Kushner. But payments Noble has made have let the town eliminate its town tax altogether, Kushner said, which seems to have led to a small housing construction boom.
Low density
Aside from the obvious — having lots of wind — Noble also looks for areas that have a low population density.
"You couldn't do one of these in Long Island," Maxwell said as he sat in one of the portable buildings that make up Noble's Wyoming County offices. "Here we have large parcels of open land. We don't have steep hills, we don't have rock outcroppings."
Cattle rancher Anthony George has one Noble wind turbine on his 75-acre farm in Eagle. The turbine sits about 1,500 feet from his home, and the noise is minor, George said.
"Today I can't hear it at all," he said, then added, "I don't know if I'd want one sitting 1,000 feet from the house."
But as they graze in the tower's shadow on warm days, George said, "The cattle actually seem to like it."
http://www.democratandchronicle.com/apps/pbcs.dll/article?AID=/20080504/BUSINESS/805040307/1001
Solar Stocks #board-11148
Peak Oil #board-6609
Coal #board-2809
Real Estate Bubble #board-7285
Lender Implosion #board-10076
HomeBuilders #board-1680
Your Economy #board-1948
Global Warming #board-11877
IBOX Backup
Sister Boards
Oil and Gas Charts
http://investorshub.advfn.com/boards/board.aspx?board_id=8567
Alternative Energy Charts
http://investorshub.advfn.com/boards/board.aspx?board_id=12687
BBWPF is way to go (9% dividend).
Do DD start here:
http://www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?searchBy=asxCode&allinfo=on&asxCode=BBW#headlines
Nice headsup regardless! Keep em coming!
I don't own it anymore:
Posted by: timhyma Date: Friday, July 20, 2007 10:16:58 AM
In reply to: swampboots who wrote msg# 29791 Post # of 37663
Sold all but 100 shares of AETI at 11.33 for a 80% gain overall on these shares. I'll keep the hunderd shares, just to remind me to keep my eye on it, lol.
I also sold that last 100 shares, but couldn't find the post
Yep I notice them stacking! hope they clear out .07 soon...
MKBY .066 x .07 somebody really wanting to collect those shares.
MKBY another big hit! 12:45:21 300000 0.065 - OTCEQ_NBB
12:03:21 30700 0.065 - OTCEQ_NBB
11:58:57 215 0.07 + OTCEQ_NBB
10:59:48 75400 0.07 + OTCEQ_NBB
10:59:48 4600 0.07 + OTCEQ_NBB
09:35:30 2772 0.07 + OTCEQ_NBB
09:30:48 400 0.07 OTCEQ_NBB
MKBY...Nice buys...I wouldn't be surprised to see .10+ in the near future. Would be great to get some updates from the company.
MKBY 10:59:48 75400 0.07 + OTCEQ_NBB
10:59:48 4600 0.07 + OTCEQ_NBB
09:35:30 2772 0.07 + OTCEQ_NBB
09:30:48 400 0.07 OTCEQ_NBB
AETI sure is kicking some Ass! Nice Call!
Wind power could make Norway "Europe's battery"
Mon May 26, 2008 12:45pm EDT
By Alister Doyle, Environment Correspondent
A windmill stands next to the ocean in Utsira, a North Sea island of just 6 square kilometres (2.3 square miles) and home to 210 people who already get most of their power from two onshore windmills, in this photo taken April 22, 2008. Norway could become "Europe's battery" by developing huge sea-based wind parks costing up to $44 billion by 2025, Norway's Oil and Energy Minister said on Monday.
OSLO (Reuters) - Norway could become "Europe's battery" by developing huge sea-based wind parks costing up to $44 billion by 2025, Norway's Oil and Energy Minister said on Monday.
Norway's Energy Council, comprising business leaders and officials, said green exports could help the European Union reach a goal of getting 20 percent of its electricity by 2020 from renewable sources such as wind, solar, hydro or wave power.
"Norway could be Europe's battery," Oil and Energy Minister Aaslaug Haga told Reuters after she was handed the report, which will be considered by the centre-left government in coming months.
"The thinking is that Norway is blessed, is lucky, to have big energy resources. There is undoubtedly a large potential for wind power," she said. Norway says it has the longest coastline in Europe, from the North Sea to the Arctic Barents Sea.
The 30-page report, mapping out a big shift for the world's number 5 oil exporter, said: "Norway ought to have access to up to 40 terrawatt hours of renewable energy in 2020-2025, of which about half would come from offshore wind power."
Sufficient wind parks -- totaling 5,000 to 8,000 megawatts installed capacity -- would cost between 100 billion Norwegian and 220 billion Norwegian crowns ($43.89 billion) assuming prices of 20-28 million crowns per installed megawatt.
The energy would be equivalent to up to about eight nuclear power plants. Norway pumps about 2.2 million barrels of oil per day -- $44 billion represents the value of about half a year's output.
Haga said offshore wind parks -- which would stop on calm days -- could be supplemented by hydro-power reservoirs which can be turned on and off to turn them into a battery storing power. Norway has about half Europe's reservoir capacity.
"We can deliver a product whether the wind is blowing or not," she said. Haga will meet EU Energy Commissioner Andris Piebalgs in Brussels on Thursday, partly to discuss the report.
It said Norway still needed new laws, competitive subsidies and more infrastructure. Norway sometimes has problems supplying even its own electricity needs with its existing hydro-power.
And it said that Denmark, Germany and Britain had done much more to develop wind power, both on land and in shallow waters. Norway's advantage was wide experience from deeper offshore oil and gas installations.
StatoilHydro said last week that it will invest $80 million to build the world's first full-scale floating wind turbine to start up in 2009. Power from such installations is likely to be more costly than on land.
The report said that Norway would have to agree long-term wind supply contracts with EU countries, including access to EU subsidies. But Haga also said: "I don't expect Europe to subsidize Norwegian wind power production."
"It's not a first choice to import power," said Steinar Bysveen, who led the report. He said EU nations such as Germany might need imports because of a lack of space to build wind parks at home and plans to phase out nuclear power.
The Energy Council report said that 40 terrawatt hours of electricity from wind could cut 20 million tonnes of heat-trapping carbon dioxide emissions, blamed for stoking global warming. Norway's 2007 emissions were 55 million tonnes.
http://www.reuters.com/article/environmentNews/idUSL2636460820080526?pageNumber=1
Solar Stocks #board-11148
Peak Oil #board-6609
Coal #board-2809
Real Estate Bubble #board-7285
Lender Implosion #board-10076
HomeBuilders #board-1680
Your Economy #board-1948
Global Warming #board-11877
Windpower 2008
Just discovered we got a big wind conference going on this week. That never hurts on the share price front)
http://www.windpowerexpo.org/
Thanks I put her up over on the Alternative Energy Chart board!
http://investorshub.advfn.com/boards/board.aspx?board_id=12687
11:02AM American Electric Technologies announces its entrance into the wind energy market (AETI) 5.58 +0.17 : Co announces its formal entry into the wind power market. In conjunction with the co's wind power market entry, co also announces a new West Texas wind farm construction operation and the addition of a wind power construction veteran to help bring the co's traditional engineering and instrumentation construction and electrical maintenance services to the West Texas wind farm market.
MKBY .062 x .07 minimal volume thus far but bid side stacking up very nicely for support at .06 and better
Just want to let everyone know we now have an Alternative Energy Chart board set up now too, it includes all of the windpower plays along with Solar, Hydrogen, etc...
http://investorshub.advfn.com/boards/board.aspx?board_id=12687
CPTC Composite Technology and TECO-Westinghouse Expand Manufacturing Agreement
Long Term Agreement Defines Turn-Key Production
Jun 2, 2008 8:00:00 AM
IRVINE, CA and ROUND ROCK, TX -- (MARKET WIRE) -- 06/02/08 -- Composite Technology Corporation (CTC) (OTCBB: CPTC) and TECO-Westinghouse Motor Company (TWMC) are pleased to announce the execution of an expanded Commercial Manufacturing Agreement between the two companies. The definitive Agreement signed with CTC's DeWind subsidiary extends the manufacturing relationship between CTC and TWMC for ten years and sets the guidelines for production, supply chain management and commercial terms or turn-key manufacturing of DeWind turbines. CTC and TWMC signed a Strategic Alliance Agreement in November 2006 that defined the intentions of the companies in the areas of manufacture, research and development, and future service and maintenance activities within North America.
"The turn-key manufacturing agreement provides stability and security for DeWind customers. With long term manufacturing established, including supply chain management by TWMC, DeWind can proceed with extended turbine supply contracts contemplated with utilities and developers around the world," commented Marvin Sepe, President of DeWind and COO of CTC. "The strength of TWMC and the quality of their manufacturing capabilities is also an important component of the comprehensive warranty program that DeWind offers to its customers," Mr. Sepe added. The agreement covers the manufacture of DeWind D8.2 and D8.0 two megawatt turbines as well as advanced turbines under development.
"This important agreement reinforces the commitment that CTC and TWMC have made to the wind turbine market and specifically to the manufacturing of utility scale wind turbines in Texas," stated Dr. H. C. Meng, President of TECO-Westinghouse Motor Company. The manufacturing line is established in the TWMC facility located in Round Rock, Texas, and is currently designed for a capacity of 400 turbines per year. The line can be expanded as needed to meet market demand. DeWind is committed to the Texas wind industry and operates its D8.2 turbine test site in Sweetwater, Texas.
About CTC:
Composite Technology Corporation, based in Irvine, California, USA, develops, manufactures and sells innovative high performance electrical transmission and renewable energy generation products through its subsidiaries:
-- CTC Cable Corporation produces composite rod for use in its patented
ACCC* (Aluminum Conductor Composite Core) conductors, which are "high
efficiency conductors" for use in electrical transmission grid systems.
ACCC conductors demonstrate less electricity line losses when compared with
conventional conductors and when deployed in place of conventional
conductors on existing systems, the higher efficiency of ACCC conductors
enables power generators to reduce the amount of power they must generate
while still delivering the same power to the customers. They have also
demonstrated significant savings in upgrade capital costs and operating
expenses when substituted in grid systems for other conductors. ACCC
conductors enable grid operators to reduce blackouts and brownouts,
providing a 'reserve electrical capacity' by operating at higher
temperatures without significant thermal sag of the lines. ACCC conductors
are an innovative economical solution for reconductoring power lines,
constructing new lines and crossing large spans. ACCC composite core is
delivered to qualified conductor manufacturers worldwide for local ACCC
conductor production and resale into local markets.
-- DeWind Inc. designs, produces, and sells the DeWind series of wind
energy turbines, including the new 2 megawatt (MW) D8.2 model available in
both 60Hz and 50Hz; the 2MW D8 model in 50Hz; and the 1.25MW D6 model in
50Hz. The new D8.2 has been operating since early 2007 at Cuxhaven,
Germany, and utilizes the advanced WinDrive® hydrodynamic torque
converter developed by Voith AG in combination with a synchronous AC
generator with high voltage output that is connected directly to the grid
without the use of power conversion electronics. The first 60Hz D8.2 is now
operating at Sweetwater, Texas, where it will initially be used for
demonstration to North American customers. DeWind D8.2 turbines are now
being assembled at TECO Westinghouse Motor Co., in Texas for our North and
South American customers.
THIS BOARD FLY$ ON AIR!!!!;)
Added MIGL to the ibox
MISCOR Group Acquires 3-D Service, Enters Growing Wind Power Repair Market
Monday December 3, 8:45 am ET
Acquisition Funded by $20 Million Equity Investment
SOUTH BEND, Ind., Dec. 3 /PRNewswire-FirstCall/ -- Industrial services provider MISCOR Group, Ltd. (OTC Bulletin Board: MCGL - News) today announced it has acquired privately held 3-D Service, Ltd., a provider of industrial services to the wind energy industry. 3-D Service had revenues of $16.1 million for the first 10 months of 2007.
ADVERTISEMENT
MISCOR also announced it closed a $20 million equity investment by institutional investor Tontine Capital Partners, L.P. Proceeds from the private placement will be used to fund costs associated with the acquisition of 3-D Service as well as for future working capital and acquisition activity.
"3-D Service is an outstanding example of what we look for in an acquisition -- a complimentary culture focused on service, talented management and team depth, and additive service expertise to expand our offerings," said John Martell, President and CEO of MISCOR. "This acquisition allows us to expand our growing Midwest presence, and gives us a foothold in the wind energy industry, which we believe has great growth potential and a positive environmental impact. Our $20 million equity raise was instrumental in completing this acquisition and also serves as an endorsement of our business model and growth prospects."
As part of the acquisition, MISCOR said Bernie DeWees, Owner and current President of 3-D Service, will join MISCOR as President of Magnetech Industrial Services. DeWees brings more than 29 years of experience in the industrial services industry, the last five as President of 3-D Service which he has more than doubled in size during that period.
Bernie DeWees, President of 3-D, said: "We are pleased to be part of MISCOR's vision to become a national service provider of choice. We have shared values, complimentary services and clear potential to be stronger as a team, and I look forward to leading Magnetech Industrial Services and working alongside some of the most experienced people in the industrial services market."
Martell concluded: "As we continue to execute our strategic plan to expand through organic- and acquisition-based growth, we're fortunate to get both new services and a strong team with this deal." This transaction marks MISCOR's tenth acquisition since 2000 and the second in the past three months.
3-D Service will become part of the Company's wholly-owned subsidiary Magnetech Industrial Services, and immediately bolsters its industrial services offerings while expanding its geographic reach in the Midwest. 3-D Service specializes in the sales, repair and service of commercial and industrial equipment in numerous markets, including electric utility, wind power, automotive, manufacturing, plastics and others. 3-D Service also provides 24-hour onsite emergency services in addition to its patented Total Motor Management(TM) program, focused on reducing the risk of equipment breakdowns while lowering repair costs for customers. The addition of 3-D Service's 120 employees and its Ohio-based facilities open the door to new business opportunities while enabling MISCOR to provide expanded services to its current roster of blue chip clients.
In addition to the acquisition, MISCOR's board of directors approved a 1- for-25 reverse stock split of the Company's common stock. The reverse split is expected to be effective Jan 10, 2008. Shareholders with a total number of shares not divisible by 25 will receive a cash equivalent for the fractional shares held. MISCOR currently has 271.8 million shares outstanding, and will have approximately 10.9 million shares outstanding once the split is effective.
Financial terms of the 3-D Service acquisition and equity investment are available on separate Form 8-Ks filed with the Securities and Exchange Commission (SEC) at http://www.sec.gov.
Sorry, I ment the link below CLNE. This is the PURE power play...
Here's the video of Cramer's opinion on (BWEN)
http://www.thestreet.com/_yahoo/video/cramermarketupdates/10415369.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA#1519803404
Hi, MWM, your welcome and thanks!...;)))
MKBY another 100K block just went off at .065. Somebody has been accumulating
Western Wind offered $228 million for Windstar Project by major US energy company
Wednesday May 21, 2:46 am ET
Toronto Venture Exchange Symbol: "WND" Issued and Outstanding: 29,721,021
VANCOUVER, May 21 /CNW/ - Western Wind Energy Corporation ("Western Wind") is pleased to announce that Western Wind is now engaged in negotiations reviewing other offers and is in discussions with major US institutions regarding self-financing initiatives whereby its 120 MW Windstar Project will produce directly, $1.7 billion in revenue over 30 years.
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Although Western Wind was offered $228 million for all development rights of its 120 MW Windstar Project including royalty payments pursuant to a land lease, over a 30-year period, Western Wind believes that, given the market for renewable energy, developing its own projects will provide a greater return.
The California energy market is tied to the price of oil and gas and consequently, the new market price referent ("MPR") for 2008 is anticipated to be as high as $115 per Mwh for renewable projects. This price in addition to the Production Tax Credit of $20 per Mwh which offers wind producers, such as Western Wind, the ability to collect an estimated $135 per Mwh in total compensation under long-term contracts.
Combining this price structure with the wind resources at our Mesa site of almost 10 meters per second (22 mph) and our Windstar site of 19 mph allows the production yield margin per MW to be 80% higher than any other jurisdiction in North America. It is through this 80% differential that allows Western Wind to demand a profit of up to $1.0 million per MW of Net Present Value. These are record values for US wind assets.
The dynamics of the project economics call for a direct project cost of between $2.3 - $2.5 million per megawatt with a further project developer profit payable to Western Wind for up to $1.0 million per megawatt or up to $170 million of net present value potential profit payable to Western Wind for Windstar and Mesa only.
In addition, Western Wind has access to 65 further site locations in California for wind energy generation.
High cash flow projects such as Western Wind's California wind projects are expected to be 100% financed through debt and/or tax equity once fully operational, which means corporate equity is not required for long-term financing of these projects. The construction phase may also be largely financed through senior and mezzanine debt which minimizes the amount of corporate equity required to complete project development or an interest at the project level can be sold eliminating any need for corporate equity which would mean Western wind could remain dilution free during the capital intensive process.
Western Wind is North America's largest publicly traded non-income trust producer of pure wind energy. Western Wind Energy has the capacity to produce 34.5 MW of clean renewable electrical energy from over 500 wind turbine generators located in Tehachapi (Windridge) and San Gorgonio Pass (Palm Springs), California with annualized energy output capacity of approximately 70 billion watt hours per year.
Western Wind also has over 145 MW of expansion power sales agreements with the associated projects in the late stages of development. In addition, Western Wind Energy has a credible pipeline of over 1,300 MW of site locations in the State of California. During the past two years, Western Wind Energy has executed or acquired over $1 billion of power sales agreements totaling 154 megawatts from the sale of wind energy electrical generation. Western Wind Energy was the first to execute a "wind" PPA in the State of Arizona, and in California, is expanding from management's 27-year continuous operating history in the Tehachapi Pass.
Western Wind is in the business of acquiring exceptional land sites, capital and technology for the production of electricity from wind energy. Western Wind Energy conducts its operations through its wholly owned subsidiaries in Arizona and California. Management of Western Wind Energy includes individuals involved in the operations and ownership of utility scale wind energy facilities in California since 1981.
MMGW starting to move up here too 2.00 X 2.10
Western Wind Energy announces exercise of agent's option of 20%
Thursday May 29, 7:38 am ET
Toronto Venture Exchange Symbol: "WND" Issued and Outstanding: 29,894,021
VANCOUVER, May 29 /CNW/ - Further to our news release dated May 27, 2008, Western Wind Energy Corp. ("Western Wind" or the "Company") is pleased to announce that a syndicate led by Loewen, Ondaatje, McCutcheon Limited ("LOM"), and including Clarus Securities Inc., has advised it that they have received indications of interest for the offering of $15 million. The agents have also exercised their option to increase the offering by 20%, for aggregate offering of $18 million.
Western Wind Energy Corp. is a wind energy producer that currently has over 155 MW of expansion power purchase agreements in the state of California. Western Wind Energy is in the business of acquiring land sites and technology for the production of electricity from wind energy. Management of Western Wind Energy includes individuals involved in the operations and ownership of utility scale wind energy facilities in California since 1981.
Western Wind is in the business of acquiring exceptional land sites, capital and technology for the production of electricity from wind energy. Western Wind Energy conducts its operations through its wholly owned subsidiaries in Arizona and California. Management of Western Wind Energy includes individuals involved in the operations and ownership of utility scale wind energy facilities in California since 1981.
You should take a peek at what happened to WND.V in the last half hour)
MKBY continues to get nibbles...
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