AAER Wind Energy Inc.
AAER Wind Energy Inc. (TSX.V: AAE) is a North American manufacturer of wind turbines that is getting the nod from stakeholders in the green energy biz. Its stock price shot up from around the $0.35 mark to over $1.70 in September 2007 following the Hydro Quebec’s announcement that bidders had selected AAER to be a supplier of wind turbines. AAER subsequently signed memorandums of understanding with SkyPower and TransCanada Energy Ltd. to supply wind turbines in association with the Hydro Quebec offer.
With new clean energy initiatives comes a whole learning curve that AAER seems to be on top of. They have an R&D department and AAER’s team of engineers and technicians are available to their customers to help with project planning, wind farm construction and service and maintenance, support that I imagine is highly valuable as people make the switch to new forms of energy.
AAER has begun a project to build a plant to manufacture and assemble wind turbines in Quebec. AAER also reports that in 2007 they moved into the plant, secured a supply chain for manufacture beginning in 2008 and made private placements totalling over $21 million.
AAER’s German partners Fuhrlander and Pfleiderer who peddle environmentally friendly energy and ‘friendly partnerships’ with wind energy companies around the globe are well-established in the wind turbine manufacturing business and are considered industry leaders in Europe. These pioneers from Europe, where wind energy is more pervasive, can provide AAER with precedent and expertise for the smooth introduction of more wind technology to North America.
AAE stock has since settled back in around the low $1.00 mark to $1.09 today, a significant drop from its heights at $1.70. Funnily enough, AAE stock went up from $1.02 to $1.09 during the time it took me to write this post!
Read more about investing in wind energy here.
