Written by investment advisor Tom Konrad, who also serves as treasurer for both the Colorado Renewable Energy Society and Ratepayers United Colorado, the article identifies several companies (though none in this state) that could benefit from increased demand for transmission facilities. That’s assuming, of course, that the current boom in wind power and other alternative energy sources continues.
The article mentions Colorado’s recently passed Senate Bill 100, which requires regulated electric utilities to identify — and develop plans to remedy — areas of high wind-energy potential where a lack of transmission capacity could hinder development. Gov. Bill Ritter signed the bill into law two weeks ago, along with House Bill 1281, which requires state utilities to obtain at least 20% of their electricity from renewable energy sources by 2020.
The AltEnergyStocks blog also ran an article last week on stocks that could benefit from wind turbine supply constraints. Investor’s Business Daily mentions some of the same stocks in a similar article today.
Turbine makers such as GE Energy are reportedly booked solid with orders well into next year, despite the industry’s aggressive plans to expand production. Denmark’s Vestas Wind Systems, for instance, announced plans last month to build its first U.S. wind turbine blade factory in Windsor, Colo., near Fort Collins.
Surging demand for wind energy may pose a challenge for utilities and potential wind farm investors, but for transmission equipment suppliers, as well as Vestas, GE and other turbine suppliers, the good times appear to be just beginning to roll.