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ELPSY vs. ETF Alternatives
Wednesday, Dec 182013, 11:19 AM
Wednesday, Dec 182013, 11:19 AM| Comment!
- Vestas Wind Systems (VWDRY +4.1%) wins a 350 MW wind turbine order from Enel Green Power (ELPSY) in Oklahoma, its fourth U.S. deal in just over three months following eight months of inactivity.
- Vestas will supply 175 of its V100 2 MW turbines to Enel's U.S. unit and may add another 636 MW.
- A renewed U.S. tax credit, which pays wind-farm owners 2.3 cents for every KW-hour of power they produce, now applies to all projects that begin construction before the end of 2013; earlier this week, Siemens reported a 1,050 MW order from Warren Buffett's MidAmerican Energy.