Tuesday, August 14, 2007

Using Wind as a Fuel Price Hedge

Yesterday saw a very strong recognition of wind power's ability to protect against volatile natural gas prices, as European financial giant Fortis agreed to buy 1.1 billion kilowatt-hours of wind-generated electricity over the next 10 years from a 63-megawatt (MW) wind farm in Texas that is owned by Enel North America, a subsidiary of a major Italian utility. According to the Wall Street Journal blog, Fortis will sell portions of the hedge to power and financial companies.


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