Vestas, Gamesa Make Wind Top Energy Market Investment

June 4 - Bloomberg - From General Electric Co. to Mitsubishi Heavy Industries Ltd. to E.ON AG, the world's largest companies are investing in wind power, the best-performing energy in the past year.

Led by Vestas Wind Systems A/S and Spain's Iberdrola SA, utilities and governments in the U.S., China and Europe will spend as much as $150 billion on wind projects in the next five years, according to CLSA Research Ltd., part of Credit Agricole SA. Lawmakers are providing financial incentives because windmills are non-polluting and cost less than solar projects.

"Wind has the biggest potential to meet renewable energy targets over the next decade compared with solar and biofuels,'' said Philippe de Weck, who started the Pictet Clean Energy fund last month for Geneva-based Pictet & Cie., which manages $301 billion overall. Read More.