The Great Lakes Zephyr - Wind Energy & Hydrogen Journal

WIND.ALERT FOR NOVEMBER 2003 FROM WINDPOWER MONTHLY

Here are your summaries of the top stories in the November 2003
issue of Windpower Monthly. For a descriptive list of this month's
full contents just go to http://www.windpower-monthly.com/current

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A new dawn for India
Windpower Monthly, Vol 19, No. 11 2003
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The increasingly liberalised policies of a government anxious to
plug the gap between electricity supply and demand are once
again pushing open the doors to a market of vast potential in India.
Opportunities for inter-state energy trading are appearing on the
horizon and a new breed of hard-nosed wind project developer is
emerging. Nearly two decades after India was hailed as the "new
California" of wind power, the industry is once again looking on the
country as one of the major world markets. The reason: ... (Go to
http://www.windpower-monthly.com/current,#focus to read more
about this article)

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Investment Grade
Windpower Monthly, Vol 19, No. 11 2003
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They say money makes the world go round. Such is the pace of
wind development, that it's going to take about $110 billion to
make the next decade’s windmills spin around. Happily, a new
source of debt capital for projects has opened up with the
successful sale into the bond market of wind power's first large
scale portfolio financing. But while the "Investment Grade" rating
given to the portfolio signals a new milestone for the wind sector,
applauding a grand new era of financeability would be
premature.... Read the entire opinion column at
http://www.windpower-monthly.com/currentleader

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First bond financing reveals financial markets get serious about wind
Windpower Monthly, Vol 19, No. 11 2003
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Wind power station developers on both sides of the Atlantic have
broken new ground by dipping into the bond market to finance
their project portfolios instead of going to the banks. "We are
delighted with the receptivity shown by the market to this new,
unique financing opportunity," says the chief financial officer
behind the American deal. He adds that the transaction is
verification that wind generation is now viewed as more than a
niche business by the financial markets and the credit rating
agencies, making major project financing possible. Find out who
financed what and the volume of wind capacity involved in our
full report from the US and Britain in the November issue of
Windpower Monthly.

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Proposals for fixes to British market uncertainty blocking project finance
Windpower Monthly, Vol 19, No. 11 2003
-------------------------
Uncertainty over the market value of wind power in Britain
beyond 2010 is now a serious barrier to raising finance for
project development, warns the country's wind energy
association. It is proposing a series of amendments to the
current market structure which should enable the signing of
long term contracts for green electricity and Renewables
Obligation Certificates. The proposals appear to be falling on
fertile ground in government corridors. Read about the
government's initial response in the November issue of
Windpower Monthly -- and about Britain's firm determination
to see 8000 MW of wind plant up and running by 2010.

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Wind power 75 GW target will provide half of new European generation this decade
Windpower Monthly, Vol 19, No. 11 2003
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With the industry's targets for installation of wind plant in
Europe being exceeded yet again, the European Wind Energy
Association (EWEA) has fleshed out new goals for installed
wind power capacity. By 2010, the association expects 75 GW
of wind plant to be supplying the electricity needs of 86 million
Europeans and meeting one-third of the EU's Kyoto commitment
to reducing greenhouse gas emissions. In the current issue of
Windpower Monthly we report on the thousands of megawatt
EWEA expects each country to achieve within the next seven
years. Meeting the targets will mean that wind accounts for
50% of all new generating capacity built between now and 2010.

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Japanese giant has global ambitions to become major market player
Windpower Monthly, Vol 19, No. 11 2003
-------------------------
One of the giants of Japanese industry is no longer content with
its wind division's role as a relatively minor player on the global
market. It is now aggressively gearing up to take what it sees as
its rightful place among the wind industry's heavyweights. The
company is so confident of increasing its market share both at
home and abroad that it expects to double its global wind turbine
sales. The growth will be in specific targeted markets. Read which
markets this giant is focused on in our company profile in this
month's Windpower Monthly.

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Canada province of great potential eases wind door open with sizeable project
Windpower Monthly, Vol 19, No. 11 2003
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A Vancouver Island wind power project of 58.5 MW is one of
16 winning bids out of 30 responses to a call for tenders that
will add 1800 GWh of green energy a year to British Columbia's
electricity mix and generate about C$800 million in private sector
investment. The Holberg project will be the province's first wind
power development. The contract for turbine supply looks to be
earmarked for one of the wind industry's top publicly traded
companies. For news of the runners and riders and possible
problems ahead get the current issue of Windpower Monthly.

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Good wind power earnings in Massachusetts tempt townspeople further
Windpower Monthly, Vol 19, No. 11 2003
-------------------------
A single wind turbine is running so well in the town of Hull in
Massachusetts that citizens are looking warmly on a proposal
to add a second machine. The fact that the town is making an
unexpected profit on sales of green power has much to do
with the local enthusiasm. As we report in Windpower Monthly's
November issue, what started as an initial risk for the town has
become a money-spinning venture and an unlikely tourist
attraction.

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