The Associated Press reported Monday Oct. 1 that Goldman Sachs Group, Inc. one of the world’s largest investment banks made “a significant investment” in Nordic Windpower Ltd. The deal is likely to be used for production of windmills in the US. Nordic is based in San Rafael California. Privately held, it was formed when operations in Sweden, the United Kingdom and the US were combined.

There has been a dearth of news about wind power of late simply because the industry is running at full windmill manufacturing capacity. It’s pretty hard to get breaking news and fresh innovations when everyone in the business is working full out just to meet the orders. It’s a wonderful thing, as over the next few years a lot of new capacity will come on line in all of the states that have mandated renewable energy supplies. Which makes one think that the states without a program might be dubes for not being on the line or maybe wise to wait until the rush cools and prices rationalize. Time will tell. But as windmills are very long life spanned generation facilities there is still lots of time and a couple years of backlogs yet to install.

Goldman Sachs had at one time a noteworthy holding of wind energy equities and had taken the profits out. Some thought that was a signal that the industry value had peaked. The announcement Monday makes clear that Goldman Sachs is still very much in the industry and sees more potential there. Having taken their profits, Goldman Sachs is in a strong position to invest in the growth period.

Nordic is a strong innovator of windmills. The stand out look of the two bladed rotor rather than three blades we usually see offers some characteristics worth noting. They cost less and have a lower maintenance cost. The reliability is claimed to be better because of lower loading of stressed parts. The simpler, lighter and lower stressed windmill is less expensive to install. See:

http://www.nordicwindpower.com/index.html

The company must have some orders in hand as they will start deliveries in 2008 from plants in Europe, the US and China. But they need to be cheaper as the unit is smaller than some competition at 1000kW ratings. The press release of June 4 2007 claimed as much as a 30% installed cost below competitors. Now that would be quite something to add to wind powers competitive position against other electricity producing methods.

It seems that most all the news is highly credible and we’re pleased to let you know that wind might have just entered the drive to lower cost production. That’s good news for everyone.

How curious are you? There are more and more choices available for participation in wind power. The best place to start is: http://www.awea.org/

You might find when you look at your location, its wind availability, your state incentives and utility prices you could make some money with an investment similar to a nice new car.


Comments

2 Comments so far

  1. Automotive Blog » More Big Money For Wind Power on October 4, 2007 9:39 AM

    […] alborz wrote an interesting post today onHere’s a quick excerptYou might find when you look at your location, its wind availability, your state incentives and utility prices you could make some money with an investment similar to a nice new car. Bookmark, Share or Email this Article. […]

  2. Investing » More Big Money For Wind Power on October 4, 2007 9:41 AM

    […] sanju wrote an interesting post today onHere’s a quick excerptThe best place to start is: http://www.awea.org/. You might find when you look at your location, its wind availability, your state incentives and utility prices you could make some money with an investment similar to a nice new car. … […]

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