German Solar, U.S. Wind, and the Grecian Formula

Green Chip's Weekend Edition

By
Saturday, July 31st, 2010

Welcome to the Green Chip Review Weekend Edition — our insights from the week in everything alternative and cleantech, as well as links to our most-read Green Chip Review and sister publication articles.


With so much happening in the cleantech world this week, I thought I'd simplify the format with a simple cheers and jeers.

Here's my take on what went down during this busy week...

Cheers

To Morocco, for opening up the bidding process for the first phase of its $9 billion solar project. Pre-qualification bids are being invited to construct one or more solar thermal units with a capacity of 125 MW or more. When finished, the Ouarzazata complex will have a capacity of 500 MW, just part of the country's plan to get about 40% of its power from solar by 2020.

Will it be the company with the most experience in the region, Abengoa? The well-established Acciona? Or will it be a new kid on the block like eSolar, or Areva's newly purchased Ausra?

We'll have to wait and see.

Cheers

To Germany, which has successfully created the largest solar market in the world despite having the solar resources of Portland. In anticipation of cuts to its feed-in tariff, it added a record 3.4 GW of solar capacity in the first half — equivalent to three nuclear plants. Officials say they'll easily pass the full year record of 3.8 GW, and could install as many as 8 GW before the year is over.

Germany accounts for about 50% of the world's solar installations. And China makes about 50% of the world's solar products. That's why Renesola (NYSE: SOL), Solarfun (NASDAQ: SOLF), JA Solar (NASDAQ: JASO), and others have been on fire — up something like 70% for the year.

I told you so, told you so, told you so, told you so.

Jeers

To U.S. wind installations in the first half, which were down 71% compared to last year. New wind capacity fell behind new coal capacity for the first time in five years, and we've now fallen behind new wind development in Europe and China.

All this a result of failed action in Congress, which has failed to enact both a national renewable energy standard (RES) and a price on carbon. Even worse, if crucial Treasury grants aren't extended by the end of the year, the industry risks dying on the vine.

Cheers

To Greece, which said this week it will invest $15.59 billion in energy and environmental projects over five years to “boost its ailing economy and create new jobs.” The projects — ranging from solar and wind to new subways — are expected to attract another $41 billion in private investment and create 192,000 jobs.

Cheers

To the earnings results of American Superconductor (NASDAQ: AMSC), Digi International (NASDAQ: DGII), Itron (NASDAQ: ITRI), Power-One (NASDAQ: PWER), Tenneco (NYSE: TEN), Veeco (NASDAQ: VECO), and Tetra Tech (NASDAQ: TTEK).

Jeers

To earnings from Comverge (NASDAQ: COMV), MEMC Electronic Materials (NYSE: WFR), and First Solar (NASDAQ: FSLR).

Ideas on how to profit from all these happenings below.

Call it like you see it,



Nick

Korean Nuclear Reactors in the U.S.: No Mushroom Cloud, Just Exploding Profits
Green Chip Editor Nick Hodge discusses Korea's APR-1400 nuclear reactor and one tiny company's plan to import it.

Herpes, The Jersey Shore, and Trading Secrets 11-20: Snooki Rings the NYSE Bell
Wealth Daily Editor Christian DeHaemer connects the Jersey Shore with herpes and, as promised, brings readers #11-20 of his trading rules.

Reading the News isn't the Same as Getting the Story: What Fox News Didn't Tell You
Fox News published a story about the re-zoning of land in Idaho for nuclear reactors to be built — how many jobs will be created, when construction could begin, and how much land will be required, even the name of the company that's the major player in all of this. But what they didn't tell you could make you more than $32k in the coming months.

Energy Bill Opportunities: How to Profit from Cowards and Thieves
Green Chip
's Jeff Siegel discusses opportunities stemming from the latest energy bill.

Apple Hits Peak Profitability: Little Upside Left in AAPL
Wealth Daily Analyst Adam Sharp explores the possibility that Apple has reached peak profitability, with higher costs and competition looming.

Energy Efficiency Stocks: Why a New Law Guarantees this Outfit Will Make you Big Money
A little firm from Ohio is about to save homeowners, businesses, and state departments billions of dollars — every single year! This firm's technology is so cutting-edge, so universally useful that Forbes predicts it "… has the capability to radically alter the entire energy landscape.” And the best part? A new government law guarantees you make profits in energy efficiency stocks.

The End of the Bush Tax Cuts: The Hammer is About to Fall
Wealth Daily Editor Steve Christ examines the end of the Bush tax cuts and explains why it won't be painless.

Green Options - Twice the Money in Half the Time: A Unique Investment Vehicle for Green Investments
Editor Nick Hodge discusses a lucrative yet often misunderstood way to invest in everything green: green options trading.

Canada Puts the Kibosh on Oil and Coal: BC Parliament Cracks Down on Fossil Fuels
The biggest abuse of government power since before the American Revolution is going on just over the border… but there is a profit opportunity here as British Columbia cracks down on oil and coal, and smart investors can play this conspiracy story for gains of over 170%.

Clean Energy Mergers & Acquisitions: When Cleantech Came of Age
Green Chip Editor Nick Hodge discusses cleantech mergers and acquisitions in 2010 and lists a ton of clean energy stock tickers.


Media / Interview Requests? Click Here.



Editor's Note: From solar and wind to geothermal and biofuels, Green Chip readers want to know which renewable energy resource will take over where fossil fuels leave off. The answer is...all of the above!

There is no one single solution to today's energy crisis. However, the combination of all viable renewable energy resources, coupled with energy efficiency, conservation and smart grid development will not only lead us to energy independence and a cleaner, more sustainable energy infrastructure — but also to what will soon prove to be the greatest investment opportunity of the 21st Century.







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Comments:

Comment by TheFrog on 2010-08-01
The major news and jeers and cheers works for me!
Very concise and informative.
Thanks.
Comment by Tom D Stevens on 2010-08-01
A waste of water; This process of getting energy buries water, chemicals & radiation products into the aquifer. The amount of water used in a good well (bad ones use more) if electrolyzed, has 158 TIMES more energy as burnasble hydrogen & oxygen than the oil or gas that is forced out of the rock. Can we tax that at a higher carbon tax rate? This might stop the insanity......
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