This one sector I am bullish about.

As per a leading Chinese news publication, US oil tycoon Thomas Boone Pickens, who had in place ambitious plans to build the world's largest wind farm with a total capacity of 1,000 MW, has now put those plans on the backburner. The reasons for the project failing to take off hold a lot of significance for the sector as a whole as they illustrate how the recent changes in the global economy are bound to affect investments in the wind energy sector. He has indicated the lack of transmission lines, a drop in the price of natural gas and the impact of the economic recession as factors that have forced him to drop his plans. Wind projects, which are located in open areas, usually end up being far away from the place of final consumption. This problem calls for robust transmission infrastructure to evacuate that power and take it to the final place for consumption. And if this is proving to be such a big a problem in a place like the US, it can only be imagined what kind of a bottle neck it could become for other lesser developed countries. Seems like the euphoric highs of investments the wind energy saw before the credit crisis will take a while before they come back.

I got this from Equitymaster's 5 minute-wrap.

It seems a bit fishy to me.

How can the lack of transmission lines not have been known beforehand? Wasn't a logistical study done beforehand?

Was the price of natural gas assumed to be static forever?

What is meant by "impact of recession" especially in light of the new (US) government's green posture?

Numeric Power Systems is also foraying into Solar Energy. They are in the process of setting up a 1 MW Solar Farm at their 1.5 MW wind farm near Coimbatore. They are also planning to enter solar panel assembling business.

The Company is well managed and all the Capex will be incurred out of internal accruals. Solar business, though, is likely to comprise only about 10% of their FY10 revenues. However, its share is likely to grow over the coming years.

One of the thing general public does not realize and folks in the business in Ostrich-like manner ignore is that world oil production has peaked or will peak very shortly. Please read IEA recent report on this and you'd notice two things:
1. IEA - for the first time - talks about peak oil projection in its annual report.

2. The projected peak oil timeframe could be as early as 2020.

In last 20 years, there has not been any significant discoveries of sufficient size and if one excludes polar region, it is safe to assume that we have tapped into 80 -90% of world's oil reserve already.

This was the panic that got created in 2008 by speculators before financial crisis and resulted in crude at 140 $/barrel. The 5 year projection of oil today is just 10 $ short of the projection in Mar 2008.

Clearly, alternative energy providers would benefit in next 5 - 7 years and I"m personally betting 30-35% of my portfolio on such players.