Comments (1) 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.
When it comes to cleantech news, the weeks just seem to be getting busier.
It's great news for us as a community of green investors, but it makes it difficult to some up the news in just a few paragraphs.
Last week was full of evidence pointing to the increased global traction of clean technologies. And that theme continued this week.
On the same day Kenya announced a government-backed $26.5 million open-end clean energy fund, the African nation also announced a power purchase agreement with Lake Turkana Wind Power to forge ahead with a 300 MW project.
In Italy, a 14% annual rise in solar capacity was announced, from 700 MW to 795 MW. That came just days after announcing a 30% rise in annual wind capacity.
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Expect increased capacity numbers like that from countries across the globe...
And especially from China, where progressive policy is paying off with steel in the ground. Solarfun (NASDAQ: SOLF) announced three new contracts this week, worth 12.65 MW. Suntech (NYSE: STP) announced it has sold out of panels through at least the second quarter. And Yingli (NYSE: YGE) is expanding so fast that it earned a $3.4 million tax credit this week to build a plant here in the States.
If that weren't enough, the Chinese solar market is now so robust that U.S.-based firm eSolar licensed its technology to a Chinese firm anxious to build a 2,000 MW facility to crank it out.
But China isn't the only Asian nation with a green future...
As the Detroit Auto Show presses on in Michigan, several Asian firms are getting excited about battery technology. South Korea's LG Chem will supply batteries for Ford hybrids with annual sales estimated to top $440 million.
Toyota has set up an independent division to "accelerate next-generation batteries." And Hitachi announced it is also entering the lithium-ion battery market with a new product.
But the most poignant piece of global cleantech entrenchment news came from the International Renewable Energy Agency or, more precisely, from countries that will join at this week's meeting: Mexico, Belgium, and Kyrgyzstan. China and Saudi Arabia will attend as observers, but are likely to join soon.
And here's a piece of news to show just how far cleantech has come over the years: a $19.1 million deal has been announced by the Good Energy Group to replace turbines at the UK's oldest wind farm, built in 1991.
Finally, Deutsche Bank was out with a new report this week that told us what we already know. It showed that "companies specializing in energy efficiency and renewable energy such as wind and solar power outperformed peers across the wider global economy last year and expected more to come in 2010."
Said the head of the bank's global asset management: Cleantech companies will present "the economic and investment opportunities of our lifetime."
We prove that each and every day.
You can catch up on the rest of this week's coverage below.
Call it like you see it,
Nick
iShares Peru EPU ETF: Peru Exchange-Traded Fund Delivers Major Gains
International Editor Sam Hopkins reports on why Peru is in a perfect location for future growth, highlighting two investments that offer investors a chance to get a piece of the action. Sam is currently in Lima, rooting around for the market's best profit opportunities, and will report to readers from Peru and share his findings upon his return.
20 Years of Non-Stop Revenue: The Single Wind Play that Will Make You Rich in 2010 — and Beyond
Green Chip brings readers the latest news on the most powerful wind play in North America, and why it will bring massive profits to investors when a new California state law demanding hikes in renewable energy production went into effect on New Year's Day...
Out-Screw Your Power Company: Introducing the Negawatt Box
Green Chip reveals the only company boasting the technology to reduce your monthly energy bill by 44%. This stock can afford you with the opportunity to double — even triple — your money within the next 12 months. Our office has saved hundreds of dollars in just three months with this new energy-saving technology... so why wouldn't you?
A Nuclear Energy Revival: An Easy Path to Nuclear Profits
Energy & Capital Editor Nick Hodge discusses why nuclear energy is poised for a revival... and how you can harness it for profit.
Green Side of the 2010 Detroit Auto Show: Electric Cars Shine at the 2010 Detroit Auto Show
Green Chip's Jeff Siegel discusses electric cars in the spotlight at the 2010 Detroit Auto Show.
The Renewable Energy Landscape in Peru: Why Peru Could Make Clean Energy Investors a Fortune
International Editor Sam Hopkins brings you a special report from Peru, where he's just beginning a research trip to uncover clean energy opportunities...
Cape Wind Project: Cape Wind Project to Get Final Decision by April
Green Chip's Jeff Siegel talks about the anticipated announcement from the U.S. Interior Department, which will issue a final decision on the Cape Wind Project by April.
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