SOURCE: Paragon Financial Limited

Paragon Financial Limited

October 11, 2012 08:20 ET

Investment in Renewable Energy Projects Declining in 2012

The Paragon Report Provides Stock Research on Broadwind Energy and Capstone Turbine Corporation

NEW YORK, NY--(Marketwire - Oct 11, 2012) - Recent data from Bloomberg New Energy Finance (BNEF) has showed that investment in clean energy projects may fall for the first time in eight years as the industry continues to struggle with excess capacity. The PowerShares Wilderhill Clean Energy Portfolio (PBW) -- which is designed to deliver capital appreciation through the selection of companies that focus on greener and generally renewable sources of energy and technologies that facilitate cleaner energy -- has fallen over 20 percent year-to-date. The Paragon Report examines investing opportunities in the Renewable Energy Industry and provides equity research on Broadwind Energy Inc. (NASDAQ: BWEN) and Capstone Turbine Corporation (NASDAQ: CPST).

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According to BNEF investment in renewable energy during the third quarter fell by 20 percent, when compared to a year ago, led by a decline in wind farm financing. Investment by the U.S. in the third quarter totaled $7.3 billion, a 28 percent sequential decline, and a 62 percent decline year-over-year.

"The location of some of the biggest projects financed in quarter three this year highlight the geographical shift that is taking place in clean energy, with established markets such as the U.S., Europe and China losing momentum while newer markets in South America, Asia and Africa pick up steam," said Michael Liebreich, CEO of New Energy Finance.

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Broadwind Energy applies decades of deep industrial expertise to innovate integrated solutions for customers in the energy and infrastructure markets. The company booked $30.1 million in new orders during the second quarter, an increase of 37 percent from the prior-year quarter.

Capstone Turbine recently received an order for five C1000 Power Packages from Genalta Power Inc. "Similar to the approach in Russia, Canada has enacted strict regulations to reduce gas flaring among various industries. Capstone microturbines are playing a key role in helping customers meet those new flare gas regulations and provide clean and reliable energy," said Darren Jamison, Capstone's President and CEO.

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