Pandodyssey™ Panda Blog

This is a blog devoted to Giant Panda enthusiasts, environmental wanna-bes and peace loving funimals, world-wide.

Tuesday, July 31, 2007

go fly a kite

What does a renewable energy company do when there's not enough of their renewable energy available? They do what all smart companies and investors do: diversify. FPL Group Inc., a utility company and industry leader in renewable energies, was forced to deal with exactly that question when the worst wind conditions in 13 years knocked a cool $50 million off their profit projection for wind energy projects.

Owch, on any level, but FPL Group didn't panic. Instead, they said they plan to add 8,000 - 10,000 megawatts of power to their wind portfolio by 2012. FPL plans to hedge its bets on future weather uncertainties by acquiring wind farms in geographically diverse areas.

FPL Group owns and operates 15 wind turbines in the US. The company also deals in natural gas, nuclear, solar and hydro-electric energy. FPL Group participates in the World Wildlife Fund's "PowerSwitch Pioneers" program. To read more about their focus on renewables and sustainability click here.


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