[Greenbuilding] there's green in green

[Alan Abrams]

   LL- see:

   http://www.newalternativesfund.com/

   -AA
   Alan Abrams AIBD
   Abrams Design Build LLC
   202-726-5894 o
   202-291-0626 f
   www.abramsdesignbuild.com
   On Fri Jan 26 9:27 , "Lawrence Lile" sent:
   
     A while back, I was reading the news, and realized that wind power has
     been growing at something like 30% a year for a while. I was also
     reviewing my IRA investments, and thinking "Hmm. 30% per year industry
     growth. Worth investigating".
     Now, there are several "Green" investment funds, like Winslow Green
     Growth (WGGFX) which I have a stake in. Sounds great! But if you look
     at their top holdings, they are in financials, coffee, and tech stocks,
     nothing about Solar or Wind and so forth. Maybe these companies don't
     pollute much, or promote fair trade, but none of them are wind power
     companies that I can see.
     I took on a little project - looked up the 5 largest wind farm projects
     that I could locate on the web, then began tracing back ownership
     through news sources, financial data sites like finance.yahoo, and so
     on. In all the cases I studied, wind farms were nonpublicly traded
     companies, or wholly owned subsidiaries of global giants. There were a
     few utilities that owned big wind farms, that as a whole weren't making
     much money at all. One standout was Goldman Sachs (GS), which is a
     giant financial that invests in all kinds of things, but most of them
     are very profitable. They are invested heavily in wind power, and my
     purchase of their stock earlier this year has paid off well. The
     utilities were dogs, and made up for any gains I made in GS.
     Other than that, I had no luck finding any way to invest directly in
     wind power companies. Has anyone else looked into this?
     Lawrence Lile, P.E., LEED AP
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