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Siemens Wind Turbines

$888 Million For New Siemens Wind Turbines

By Jeff Siegel
Tuesday, October 13th, 2009

Siemens AG (NYSE:SI) announced today that it has been awarded six new wind turbine orders in North America, totaling more than 565 megawatts.

About 25 percent of the 250 turbines are headed to Ontario, with the rest destined for California, Oklahoma, Washington State and Wyoming. Combined, these wind farms will have the potential to provide enough power for 170,000 North American homes.

Valued at around $888 million, these orders further solidify Siemens' position as a leading turbine supplier.

In an effort to meet the increasing demand for wind power in North America, Siemens actually broke ground in Hutchinson, KS last month for its new wind turbine assembly facility. Once operational, the new facility is expected to employ about 400 green-collar workers.

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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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Comment by hsr0601 on 2009-10-13
America needs to seize the last opportunity of change for an updated energy economy and job generation that is the most intractable and integral part of recovery. America has the most potential for wind power on earth, and Detroit is able to become a hub for plants of wind turbines as it has loads of skilled labors.
Comment by cliff w buchanan on 2009-10-21
what is the stock index for siemens where can I find to invest ny stock or amer stock exc can you help with this thank you IAM thinking that wind and solor power is the next big ticket item to ride all the way to the bank and I WANT TO GET IN ON GROUND ZERO WHEN THESE COMPANYS STARTTO BRAKE GROUND ON NEW PROJECTS THANK YOU FOR YOUR TIME
Comment by CB on 2009-10-25
I THANK THIS IS GOING THUR THE ROOF AS INVESTMENT IDEAL GET ON BOARD AS SOON AS POSSIBLE

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