Alaskan Electric Cooperative Expands Wind Turbine Fleet
Distributed Energy Systems Corp (DESC) has been awarded a contract to install and commission three additional NorthWind 100Â® wind turbines for Anchorage-based Alaska Village Electric Cooperative (AVEC). The contract brings the total number of turbines AVEC has purchased from Northern Power to 10, representing what is believed to be the largest investment in wind turbines made in Alaska in a single year.
The Northern Power Products division will also supply and install wind turbine Supervisory Control And Data Acquisition (SCADA) systems for the villages of Toksook Bay and Kasigluk. These systems will leverage Northern Power's SmartViewÂ® software, which will allow AVEC to monitor and control the wind turbines in both villages, as well as monitor the overall power generation system assets. The combined value for the turbine sale, the SCADA systems and other value-add services is $1.8 million. [ more ]
DESC is up over 1.5% in pre-market trading this morning. The stock has been moving nicely and it seems to have bounced off the 50 day moving average which confirms that it is still in a nice uptrend.
I'm still wary to commit new money to the stock market right now. If the general market was acting better, I would probably be a buyer of the stock at this point.