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The development of alternative energy sources has stimulated new businesses and employment. In 2011, the Environmental Law & Policy Center identified more than 100 businesses in Michigan involved in engineering and manufacturing wind turbine components, and employing 4,000 people.
Pattern Energy was organized in 2009 by Riverstone Holdings to acquire assets from Babcock & Brown's North American wind energy group. [1] In 2013 the company sold operating assets to Pattern Energy Group Inc. following that company's initial public offering (IPO). [2] The development assets of Pattern Energy were retained by a privately held ...
Consumers Energy announced a new 700 MW plant to be built near Flint beginning about 2015, [22] while the city of Holland replaced its coal plant with a 114 MW natural gas plant. [23] In April 2018, DTE received permission for a 1,100 MW natural gas plant to replace a coal plant in St. Clair.
In 2021, the renewable energy space remained resilient. For example, according to consulting juggernaut Deloitte: “Wind and 7 of the Best Clean Energy Stocks for 2022 to Buy Now
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A solid day for the overall market was a great day for stocks found in the alternative energy sector. Shares of solar panel maker First Solar (NASDAQ: FSLR) rallied 15.2%, followed closely by ...
A 1.95 MW solar farm at DTE's Greenwood Energy Center near St. Clair came online in January 2016. [14] Indiana Michigan Power, in November 2016, opened a 4.6 MW solar farm near Watervliet. [15] [16] In May 2017, DTE brought online two solar farms in Lapeer County: a 28.4 MW farm and a 19.6 MW solar farm. [17]
Here's an in-depth look at the biggest companies that have significant exposure to the renewable energy sector.