INVEST IN WIND?

They say yes:
Is Goldman's Wind Power Sale a Sign of a Peak in Alternative Energy?
December 4, 2006 (BullMarket.com via Yahoo Finance)
- After buying what was then known as Zilkha Renewable Energy in 2005, Goldman Sachs is already intent on cashing out of the wind energy market. The company recently announced that it is intent on selling the firm, now known as Horizon Wind Energy. According to one industry publication, Goldman could fetch up to $1.5 billion for the company, which is projected to generate $400 million in interest, taxes, depreciation, and amortization (EBITDA) by 2011. That upbeat forecast begs the question: why is the firm selling?

- The easy answer is that the firm sees a peak in valuations in the alternative energy sector. We see the "peak" argument as too simplistic an explanation…
- The more likely reason that Goldman is selling is because there's a great deal of interest from buyers…wind energy probably hasn't peaked, but the pace of asset appreciation could be nearing its pinnacle…the political environment is a long-term plus for the industry, and…a more favorable regulatory situation should drive the value of alternative energy assets…
- [T]he company is already set to make a strong investment return on the business…
Like all winning investors, the firm isn't getting too greedy…Goldman also stands to book a considerable fee on the sale as Horizon's advisor…Goldman is "the house," winning on multiple sides of one transaction…
- As far as speculation about alternative energy peaks, we consider it simply that, speculation.

And they say yes:

Wind Energy Stocks - A Quick List
Stockerblog, December 6, 2006 (SeekingAlpha via Yahoo Finance)
- The following are a list of the pure plays and semi-pure plays in the wind energy field… 1. Americas Wind Energy Corporation manufacturing and marketing of medium sized (500 - 1,000 megawatt wind turbines for the North American market.
2. Babcock & Brown Wind Partners An Australian based specialized investment fund focused on the wind energy generation sector
3. Gamesa Corp. 18% of the world's share of the wind turbine market. Based in Spain.
4. Kore Holdings A power provider and marketer of alternative energy from wind farms, hydro and distributed power facilities.
5. McKenzie Bay International Ltd. Develops wind powered alternative energy systems.

6. Mass Megawatts Wind Power Inc. Develops prototype wind energy production equipment.
7. NaiKun Wind Energy Group Inc. Wind energy developer in the Haida Energy Field off the coast of British Columbia since 2001.
8. Scottish Power plc A leading developer and operator of renewable energy in both the UK and the US. It is one of the largest providers of wind energy in the US.
9. Shear Wind Inc. Provider of wind-generated energy in Atlantic Canada.
10. Sea Breeze Power Corp. Developer of large-scale windfarms and underwater electricity transmission lines in British Columbia.
11. Tower Tech Holdings Inc. Involved in the engineering, manufacture, and sale of wind turbine extension towers and monopiles to the wind energy industry
12. Vector Wind Energy Inc. developer of wind energy projects in Canada.
13. Vestas Wind Systems 34% of the world's share of the wind turbine market. Based in Denmark.
14. U.S. Wind Farming The federal court in Chicago entered a Final Judgment as to U.S. Wind Farming on October 20, 2006.
15. Western Wind Energy Produces clean renewable electrical energy from over 500 wind turbine generators located in Tehachapi and San Gorgonio Pass (Palm Springs), California.

The ayes take it.