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OPG Power Ventures – We’re Back In

So we've top-sliced our PV Crystalox Solar holding (pocketing a handy 15% in five weeks into the bargain) and taken up a little OPG Power Ventures with the proceeds. After buying in to PV Crystalox Solar at 4.40, then again at 5.15 and yet again at 5.40 pence, even the optimist in me was saying, hang on there mate, slow up a bit. We're still holding 70K shares in PV Crystalox Solar - averaged in at 4.74 pence - and with interims due at the end of the month, I'm quietly optimistic that anything but catastrophic news (it can't get much...

PV Crystalox Solar – I’m In

Now it's no news to anyone who has followed us on our little journey that we've a penchant for a highly speculative buy. Add a green energy aspect to the mix and it's like a waving a pizza, at mid-70's Elvis (too soon?). So, when PV Crystalox Solar plunged to below 10 pence a share late last year, we placed it on the radar. When it fell below five pence it was like adding another layer of cheese, there seemed no way I couldn't take a little speculative slice (well three actually: at 4.4, then 5.15 and 5.4 pence to be exact).   [caption...

Sale – PV Crystalox Solar

The 30th December 2010 marked a sad day for Investor Trader. Following the sale of our entire holding of PV Crystalox Solar (PVCS.L) it was the first time since we began our little project in April 2009, that our portfolio held no wind or solar energy shares. Over the journey at different stages a large percentage of our portfolio has been tied up in Renesola. That is until they packed up their AIM listing and took all their toys to the New York Stock Exchange in November. We also held shares in Clipper Windpower until they became a UTC takeover target...

Purchase – PV Crystalox Solar

So with my Renesola adventures due to come to an end in the coming weeks, the first of my four purchases this week, will come as a no-brainer to those who've followed Investor Trader over the journey. PV Crystalox Solar is a, yep, you guessed it, solar energy company. Though it lacks the Chinese connection it's still a major player in Asia (especially Japan). We purchased 1,719 shares at 57.21 pence a share. To quote from the tin: With 25 years (28 now) in solar technology development, PV Crystalox Solar is a leading manufacturer of multicrystalline silicon ingots and wafers, the key component...

Buckle Up For a Renesola Ride

It's been a hair-raising start to 2010 for Renseola - our manufacturer of solar wafers and solar power products - but no-one said investing in China-based alternative energy AIM shares was gonna be easy! January started with an optimistic bang sending SOLA.L skyrocketing from it's Christmas break price of 145 pence up to 190 pence in the space of a week. That's a 23.6% gain! Why? Good question. That first full week of 2010 trading only bought news of a failed acquisition. Renesola's plans to purchase Dynamic Green Energy Limited fell through due to a lack of  relevant Government agency approvals. Despite what...

ReneSola Results

Earlier today ReneSola announced its third quarter results (for the period ending 30th September 2009) and the future is looking pretty rosy for our vertically integrated Chinese manufacturer of solar power products. Highlights included: Third quarter net revenues exceeded guidance coming in at US$140.9 million, an increase of 70.6% over second quarter net revenue figures of US$82.6 million. Total solar product shipments in the third quarter were a record 146.9 megawatts (MW), an increase of 71% from 85.9 MW in the second quarter of this year. Mr. Charles Bai, ReneSola's Chief Financial Officer had this to say: "We were pleased to see strong improvements in...

There’s Plenty of Sun in the Sahara

It's estimated that $555 billion will be needed to realise a planned project to harness the sun that beats down on the Sahara Desert and pipe it to European homes, according to sources from Siemens AG quoted in an article on Bloomberg.com. Some big players such as Siemens AG and Munich Re - amongst others - will meet today in Munich to sign a memorandum of understanding to proceed with the ambitious project, that if implemented, could supply up to 15% of Europe's electricity needs my the middle of the century. Obviously there are any number of potential pitfalls and problems that...

On the Radar – Renewable Energy Holdings

On the advice of one of our readers (thanks Justin) we've placed Renewable Energy Holdings (REH.L) on the radar. As its name suggests, Renewable Energy Holdings is all about sustainable renewable energy. They seem to have their finger in a few alternative energy pies from wind, wave and solar through to methane capture and hydro power generation. Obviously we love the sector with all it's crunchy green goodness and with its diversity, REH.L, looks in a good position to cash in on this increasingly important niche of the energy sector. This diversification provides shareholders with the benefit of access to distinct opportunities in these...

Day 13 – Portfolio Value £5,485 Up £215 On The Day

Another mixed day today when you look at the arrows but the performers in our little green portfolio more than compensated for the sliders. Our latest acquisition, Clipper Windpower powered ahead again finishing up 19.5 pence at £1.45. Not bad when you consider we bought it three short days ago for £1.0450. To date it's appreciated over 38%. ReneSola continued it's good run finishing up 1.75 pence, whilst Climate Exchange dropped two pence on the day. Low Carbon Accelerator did nada on low volumes....

Keeping it Green

I've got to admit it, I'm a bit of a closet greenie. I've never chained myself to a tree or put my ample girth between a whale and a Japanese "research" boat you must understand, but in the back of my mind there's a part of me that thinks maybe I should. As I nudge the big 4-0, I know dreams of environmental heroism are probably a little beyond me now but it doesn't mean I can't look to do my bit in other, less life-threatening ways. I'm not going to make any bold claims that our little portfolio at Investor...

Day 9 – Portfolio Value £4,421 Up £123 On The Day

Despite my earlier skepticism, ReneSola made further gains today finishing up another 5.5p and adding another £130.74 to our portfolio. The strong gains made so far this week were no doubt partly spurred on by Tuesday's RNS that stated: "SHANGHAI, May 5 (Reuters) - China is set to smash its target for a roll-out of solar power by 2020 more than fivefold and possibly even tenfold, a researcher with the National Development and Reform Commission, the economic planning ministry, said on Tuesday." Climate Exchange and Low Carbon Accelerator both did little on Wednesday but there's no rush for these two long-term holds....

Day 8 – Portfolio Value £4,298 Up £416 On The Day

Despite 2 of our shares finishing lower on the day, the financial sun shone on ReneSola and its monocrystalline wafers, coming in at a whopping 18 pence per share gain on the day (that's 15.62%). If I were a betting man, I'd short it for the day tomorrow as there's bound to be a little profit taking, let's just sit tight and see. Being ReneSola I know one thing for sure, it's going to be a bouncy ride this week....