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PowerShares Global Wind Energy Portfolio ETF (PWND)

PWND is defunct since February 26, 2013. Lack of investor interest
  • Feb. 26, 2013, 3:57 PM
    PowerShares has shuttered 13 ETFs, representing less than 1% of the issuer's AUM, as of today's close. Affected funds follow (with competing funds in parentheses): PIC (KIE, IAK, KBWP, KBWI), PYH, PJB (IAT, KBE, KRE, RKH, QABA, KRU, KRS, KBWR), PSTL (SLX), PLK, PWND (FAN), PMA, PKOL (KOL), PKN (NLR, NUCL, URA), PTO, PAO, PCA and CVRT. (pdf)
    | Feb. 26, 2013, 3:57 PM | Comment!
  • Dec. 19, 2012, 12:59 PM
    PowerShares announces (full list) the imminent closing of another 13 ETFs (YTD total now over 100). They'll stop trading on Feb. 26 and be liquidated by March 7.
    | Dec. 19, 2012, 12:59 PM | Comment!
  • Nov. 28, 2012, 9:50 AM
    Wind power generation topped 10K MW in the Midwest electrical grid on Friday, the first time it has surpassed the milestone. The amount represented 25% of the electricity being used at the time. Wind capacity has ballooned in the area, which is covered by the Midwest Independent Transmission System Operator, since 2006.
    | Nov. 28, 2012, 9:50 AM | 7 Comments
  • Sep. 28, 2012, 3:01 PM
    The President blocks Chinese-owned Ralls Corp. (subsidiary of Sany Group) from ownership of 4 wind farms near a U.S. Navy base in Oregon, the first time in 2 decades such an action has been taken on national security grounds. An earlier committee ruling had also blocked the transaction, but - until the President's action - it was thought some sort of accommodation would be reached.
    | Sep. 28, 2012, 3:01 PM | Comment!
  • Sep. 28, 2012, 9:41 AM
    The U.S. wind turbine market could blow away without continuation of a politically charged tax credit, a top official of Danish turbine maker Vestas (VWDRY.PK) tells FT, warning of 75%-95% shrinkage in the U.S. market for wind power if the tax credit for wind power is allowed to expire at the end of the year.
    | Sep. 28, 2012, 9:41 AM | 7 Comments
  • Aug. 28, 2012, 9:47 AM
    Siemens (SI), GE and start-up backed by Bill Gates are among those developing different methods for storing surplus energy. It's not just about batteries, with one technique using excess electricity to pump compressed air into caves and then releasing that air to generate power when needed. The storage is needed to cope with the vagaries of solar and wind energy.
    | Aug. 28, 2012, 9:47 AM | 16 Comments
  • Aug. 9, 2012, 8:09 AM
    Another coal-fired power plant is set to go dark, the Rochester, MN utilities board voting to retire its Silver Lake facility. Cheap natural gas and wind power is making it cheaper to buy power off the regional grid, and there's also the whole clean air thing. (see also)
    | Aug. 9, 2012, 8:09 AM | 5 Comments
  • Aug. 8, 2012, 10:01 AM
    Data for the construction of power generation facilities in H1 paints a stark picture of the ascendance of natural gas, with 3,708 MW gas-fired plants built, 2,367 MW of wind farms developed, and 1,608 MW of coal stations constructed. Gas provides 41.8% of U.S. electricity, coal 29.7%, nuclear 9.2%, water 8.7%, wind 4.3%, geothermal 0.3%, and solar 0.3%.
    | Aug. 8, 2012, 10:01 AM | Comment!
  • Jul. 17, 2012, 12:26 PM
    Just one unconditional order was made for offshore wind turbines in H1, three less than the same period in 2011. The financial crisis has curbed lending, while delays in connecting existing farms to the grid have prompted utilities to hold off on new projects. Those losing out include Siemens (SI), which has suffered writedowns on offshore projects, and GE.
    | Jul. 17, 2012, 12:26 PM | 2 Comments
  • Jul. 12, 2012, 6:39 PM
    Global clean energy investments totaled $59.6B in Q2, according to Bloomberg New Energy Finance - up 24% Q/Q but down 18% Y/Y. Chinese investments soared 92% Q/Q, as the government does whatever it can to support the industry, while U.S. and Euro investments respectively rose 18% and 11%. Solar investments rose 19%, and wind investments 47%. The higher solar spending hasn't yet managed to create a bottom for struggling manufacturers, though some think one will soon arrive.
    | Jul. 12, 2012, 6:39 PM | 3 Comments
  • Jun. 11, 2012, 12:10 PM
    Vestas (VWDRY.PK) CEO Ditlev Engel yesterday said the U.S. wind turbine market is expected to fall 80% in 2013, due to the looming expiry of the production tax credit (PTC) at the end of 2012. That could endanger the jobs of Vestas' 3,500 U.S. employees. Still, the prospect of the expiry has led to increased business this year.
    | Jun. 11, 2012, 12:10 PM | 1 Comment
  • May 31, 2012, 8:48 AM
    The U.S. Commerce Department slaps tariffs of 13%-26% on Chinese wind turbine towers, citing unfair government support including grants, preferential tax treatment and cheaper prices for raw materials. A Chinese industry group says the U.S. decision would have a "negative effect" on related U.S. industries. The U.S. recently imposed tariffs of 31% on Chinese solar panel makers.
    | May 31, 2012, 8:48 AM | 1 Comment
  • Mar. 22, 2012, 1:15 PM
    Ontario says it will reduce the rates it pays for new projects for solar power by more than 20% and wind power by close to 15% amid falling prices for equipment. The province will keep rates for clean energy projects utilizing water, biogas, biomass and landfill gas at current prices.
    | Mar. 22, 2012, 1:15 PM | 1 Comment
  • Jan. 30, 2012, 6:09 AM
    Newly released data confirms the rising trend in world temperatures ended in 1997, and leading climate scientists say the sun is now heading towards a ‘grand minimum’ in its output which threatens colder seasons. This could have significant long-term consequences for investments in alternative energy technologies, as much of it has been driven by fears of man-made global warming. (submitted by John Petersen)
    | Jan. 30, 2012, 6:09 AM | 13 Comments
  • Jan. 12, 2012, 1:42 PM
    In spite of uncertainty over tax credits and subsidies, global investments in clean energy rose 5% in 2011 to $260B, claims Bloomberg. Crashing module prices spurred a 36% increase in solar investments, to $136.6B, which offset a 17% decline in wind investments, to $74.9B. U.S. investments rose 33% to nearly $56, while European investments rose 3% to $100B.
    | Jan. 12, 2012, 1:42 PM | Comment!
  • Jan. 4, 2012, 6:59 AM
    The alternative energy industry continues to struggle as Danish wind-turbine giant Vestas (VWDRY.PK) dives 18% after cutting its 2011 guidance and  announcing plans for significant corporate restructuring. The company, along with rival GE, is suffering from slower demand growth, Asian competition, and subsidy cuts in Europe.
    | Jan. 4, 2012, 6:59 AM | 2 Comments
PWND Description
The PowerShares Global Wind Energy Portfolio (Fund) is based on the NASDAQ OMX Clean Edge® Global Wind Energy Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and depository receipts based on the securities in the Index. The Index is designed to measure the performance of global companies engaged in the wind energy industry, which are primarily manufacturers, developers, distributors, installers and users of energy derived from wind sources.
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