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Wednesday, February 15th, 2012

Texas Moving from Oil to Wind

Posted on: Jun 23rd, 2008 | By Contrarian Profits | Filed under Featured, Financial News

Texas, of all places, is building a reputation for cutting edge alternative energy projects.

Following T. Boone Pickens’ $2-billion investment in a wind-turbine project there, Danish wind-energy company Vestas Wind Systems has said it will open its first US research and development facility in Houston.

“Those who sell wind turbines are making great money on increasing orders,” says Charles Delvalle in Investor’s Daily Edge.

By 2030, Morgan Stanley expects green sales across the globe to total over $1 trillion (that’s bigger than the Gross Domestic Product of 169 of the 181 member countries of the International Monetary Fund!). Most people I speak to see green technology as the wave of the future. It’ll only be a matter of time until they think that investing in green companies is a no-brainer.

In the end, this whole green movement we see today could very well be the start of yet another massive bubble. And considering the riches that were made during the two previous bubbles, catching the green investment mania early on would be a great way to make a lot of coin in the next few years.

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