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Gold/Mining/Energy : Broadwind Energy (BWEN) -- Future Wind Power Behemoth
BWEN 2.220-3.9%3:49 PM EDT
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To: Californiakid who wrote (9)8/6/2008 6:58:17 AM
From: Glenn Petersen  Read Replies (1) of 29
 
No. First Wind is still in a very early stage of development. They only generated $12.3 million in revenues in 2007 and lost $68 million. At this point, FSLR is in another league.

Overview

We are a leading independent North American wind energy company focused exclusively on the development, ownership and operation of wind energy projects. As of June 30, 2008, our portfolio of wind energy projects included approximately 5,564 megawatts ("MW") of capacity, of which 92 MW were operating and 182 MW were under construction. We expect to start construction on a 203 MW project in 2008 and, as a result, to be simultaneously constructing three wind energy projects representing 385 MW of capacity. Our goal is to have approximately 1,100 MW of operating capacity by the end of 2010 and we target the construction and commissioning of approximately 400 MW annually thereafter to achieve approximately 2,300 MW of operating capacity by the end of 2013. We have entered into purchase contracts for turbines with an aggregate generating capacity in excess of 1,300 MW, which are scheduled to be delivered or commissioned between 2008 and 2013. We expect this supply will be sufficient to meet all of our anticipated turbine needs in 2008 and 2009 and approximately 80% of our anticipated turbine needs in 2010.
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