No one source of energy will solve the power needs of the world today. A solution will entail the efficient use of many types of power generation. Unfortunately, there are many issues to solve before individual energy projects can come online. The technical progress needed to make energy programs feasible is moving forward nicely, but political will is lacking in most instances. In this sense, management needs to be up to the task at hand to make their individual energy programs work.
Since many of the needed energy programs being developed have made it past initial technological steps, finding an energy producer that has a solid management team in place to cope and drive their programs forward is the best way to find a solid and sustainable profit in an alternative energy provider.
Nacel Energy Corp., a wind energy producer, works to provide wind energy to local communities through community-oriented power sharing and ownership programs. The company is currently developing projects in Texas and Kansas through an increasingly common community-oriented business model.
Nacel Energy is quickly establishing itself as a mid-range wind energy provider. Although the market for wind energy in the US is a relatively new one, the company has set its goals toward providing 1,000 megawatts of power to local communities by 2010. The sizing of a wind power company is currently a developing measure, but by most comparisons this goal would place the company toward the lower end of a mid-sized community wind power generating company. To further put the company’s goals in perspective, a single community wind energy project generally provides 30-40 megawatts of power depending upon wind conditions and number of households served – 25,000 households are an average.
Oddly enough, the build-out of wind energy projects is the least of the issues that a wind energy company needs to deal with as they go about adding megawatts to their growth programs. Technology and cost reductions are improving at a rapid pace, but local and federal issues are not. Following a community-based business model for wind power has been a successful approach but opens the door for all community members to voice their opinions and vote, sometimes generating issues where there are none. Federal tax issues also provide problems for accessing supposedly easy-to-obtain tax benefits.
In the case of wind, the tax benefits are available but there are few ways to actually take advantage of them. Ultimately, these issues end up requiring a wind energy provider to have a solid management structure in place that has experience dealing with such issues. With its CEO having a solid wind power background at Duke Energy, the company has apparently solved this dilemma.
Nacel Energy is a wind energy provider on the rise. It has its development projects under control and is moving forward with them at a rapid pace. International expansion is also planned for the company with a solid profit potential likely for the company, in all its programs, in the very near future.
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