First Wind Holdings, Inc. · Newton, MA United States ·(NASDAQ (GM): WNDY)
Company Description
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This link will open in a new window At First Wind, wind is all there is. The vertically integrated energy company (formerly UPC Wind) develops, owns, and operates wind energy plants in the Northeastern and Western US, and Hawaii. Its projects in Hawaii, Maine, Vermont, and New York generate about 100 megawatts of electricity. It also has projects in development in New Brunswick, Canada, and in Oregon and Utah. First Wind, which targets states with high energy prices, renewable energy requirements, and favorable wind conditions, plans to have 2,300 megawatts of capacity by 2013. The company was formed in 2002 by individuals experienced with building wind power plants in Italy; it filed to go public amid soaring energy prices in 2008. To read the full description, subscribe now.
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Key First Wind Holdings, Inc. Financials
| Company Type | - NASDAQ (GM): WNDY |
| 2007 Sales (mil.) | $23.8 |
| 2007 Employees | 132 |
First Wind Holdings, Inc. Executives
24 executives listed for First Wind Holdings, Inc.'s Newton, MA location.
| Title | Name & Bio | Contact |
| Chairman | Jim Mogg | Network |
| President, CEO, and Director | Paul Gaynor | Network |
| EVP and COO | Michael Alvarez | Network |
Competition
Competitive Landscape for First Wind Holdings, Inc.
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top First Wind Holdings, Inc. Competitors
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