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Fluor as a Play on Wind? $1.8 Billion Says Yes

 May 20, 2008 05:33 AM UTC
Tradermark
Return Risk
-12.11% LOW
Analyst
Symbol Sentiment Start Return Closed
FLR Positive 05/20/08 -12.88% 07/09/08

Graphic_arrow1 Via Long Investment Ideas from Seeking Alpha:  

I get a lot of questions on why I don't invest in wind; frankly there are
very few opportunities.<!----> Most major players are (a) in Europe (b) part
of much larger conglomerates (GE/Siemens) or (c) smallish US companies
with skittish histories.

But maybe we already own a wind play. Fluor announced a massive $1.8 billion contract with Scottish and Southern Energy to build a 500 MW wind farm in the ocean off of the UK.
  • Fluor said the project would be the world's largest offshore wind farm.
    Construction work on the offshore site is expected to begin in summer
    2009. Work to prepare for an onshore substation has already started.
    Construction is expected to be completed in 2011.
  • The wind farm, which will be off the Suffolk coast of the United Kingdom, will provide carbon neutral, renewable electricity for more than 415,000 homes.
  • Siemens AG also signed an 800 million eu
...



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