Wind Energy Stocks Get Boost from Brits
Jun 7th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsThe British government gave a huge boost to wind energy stocks this week, opening bidding for offers to build up to 25 gigawatts of offshore wind turbines by 2020 — triple the amount previously planned.
The European Union has set a target date of 2020 for 20% of its energy to come from renewable sources. The British Wind Energy Association said Britain will contribute 15%, meaning up to 40% of the country’s power will come from wind energy by the target date.
“The richest investment opportunities can be found in the fast-emerging alternative energy sector,” says Mike Burnick in The Offshore A-Letter.