Tuesday, October 9, 2007

Invest in the Wind?

Interesting idea for sure.

German solar power company Conergy is seeking approval to build the largest windmill in Australia, taking a 2 billion Australian dollar ($1.8 billion) bet on the country's Parliament passing legislation supporting renewable energy.

Conergy (other-otc: CEYHF - news - people ) is expanding outside its traditional retail and wholesale solar business in Europe. The company reported a 70.6% growth in turnover to 418 million euros ($589 million) for the first half of this year, thanks to the strong overseas sales that exceeded sales in Germany for the first time. The company said its orders in hand surpassed the billion euro mark for the first time, rising to 1.2 billion Euros. About 62% of these orders are from Korea, the United States and other countries.

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