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By: AllPennyStocks.com
The energy harvested from the Sun is inexhaustible, and the companies who are
successful in harnessing what this star provides could have a bright future – as
bright as, well, the Sun.
One of the more aggressive renewable energy companies, Phoenix-based Pacific
Blue Energy Corp. (OTCBB:PBEC), is attempting to boost its fortunes by going the
acquisition route, and in the second week of April, announced that it has
acquired 100% of the membership interests in Ship Ahoy, LLC, which owns
approximately 154.3 acres of land located 30 miles east of Flagstaff.
Additionally, Ship Ahoy previously owned a 52.5% membership interest in Sunshine
Arizona Wind Energy, LLC, a Delaware limited liability company, a company with
assets comprising of a wind farm project known (Sunshine Wind Park) which is to
be located in Coconino County, which encompasses Flagstaff.
PBEC is a publicly traded solar energy company that seeks to build and manage
large renewable energy projects. The goal of management is to sign long term
contracts with utility companies to provide them with power from renewable
energy; thereby enabling them to meet their state required Renewable State
Portfolio Standards (RSPS).
Twenty-seven U.S. states (generating 42% of the electricity sales in the United
States) now have regulations related to RSPS. These regulations require the
increased production of energy from renewable energy sources, such as solar,
wind, and geothermal by a specified date (for example, Arizona is mandated to
have 15% renewable energy by 2025).
Solar panels use photovoltaic (PV) cells to convert sunlight directly into
direct current (DC) electricity. They have no moving parts, are long lived and
are low maintenance. Solar panels work best in direct sunshine, but also
function on cloudier days.
In a PV solar system, photovoltaic cells are assembled in a panel. There are
many different types of panels available, and each has its particular
applications. Depending on the amount of electricity needed, these panels can
then be connected in an array of any size to provide the electricity needed for
a home, office, or larger facility.
Solar markets are booming in the U.S. due to consumer interest in green
technologies, concern about energy prices, and financial incentives from the
federal government, states, local governments and utilities. Over 62,000
installations were completed in 2008. From the global perspective, according to
a report released in July 2009, the global photovoltaic (PV) market is expected
to double within the next five years, reaching $48 billion U.S. by 2014.
The announcement of the deal with Ship Ahoy sent the stock “sailing” to a new
52-week high of $1.14 on April 8, on volume nearing a million shares. The price
surpassed the previous high of $1.03, reached on the last day of March, scant
weeks after its year-long low of 30 cents. With the change of seasons – and with
petroleum resuming its upward trek – investors may be advised to take a closer
look at this alternate energy company whose fortunes look to be going up.
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