Wind Investments - The Top Wind Investment Picks For Investors
Wind investments are becoming more popular year after year. In 2007 and 2008, eolic energy companies announced, expanded or opened more than 50 new U.S. based manufacturing plants. And in 2008 the U.S. became the world’s largest alternative power generator, creating sufficient energy to provide service to 5 million homes.
But this is only the beginning. A May 2008 report by the U.S. Department of Energy called for eolic energy to provide at least 20% of the nation’s electricity by 2030 — this would be a 20-fold increase compared with today’s 1%.
Barack Obama wants 10% of America’s electricity to come from renewable sources by 2012, and for that percentage to be increased to 25% by 2025. He promised to provide significant tax credits with the aim of encouraging the creation of new power capacity and helping revive the economy.
Investors are salivating over these expectations. Could alternative energy investments be the next big thing now that the housing bubble and the financial bubble have burst?
Companies certain to benefit from the eolic boom are turbine manufacturers. The world’s two largest of these are Siemens (NYSE: SI) and General Electric (NYSE: GE). But General Electric recently ran into troubles and Siemens is involved in many different industries throughout the world.
Investors who would like to closely focus on alternative energy investments might be better served with considering dedicated energy installers such as Western Wind (TSX.V: WND). International investments recommended by experts include the Spanish energy company Gamesa Corporacion Tecnologica (MCE: GAM) and turbine manufacturer Nordex (FRANKFURT: NDX1) out of Germany. For more articles like this bookmark http://AlternativeEnergyFunds.net
Author: Max Appleton
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