Architectural design firm Dynamic Architecture is determined to build one of the most innovative skyscrapers ever conceived. The vision entails an 80-story skyscraper with individual apartments on each floor that can rotate 360 degrees on an axis offering a full panoramic view of the buildings surroundings in Dubai. The design incorporates horizontally mounted wind turbines between each floor. The 79 turbines are expected to generate enough power for the entire building. Currently only a handful of publicly traded companies in the U.S. make wind turbines for investors to choose from for their wind energy investment.

Siemens Snapshot
Germany's Siemens (NYSE:SI) offers on-shore and off-shore wind generation capabilities. With more than 6,000 installations, Siemens reputation in wind power generation is solid. In the past six months just within the U.S., Siemens received large wind turbine orders with a combined value of more than $2.4 billion from FPL Energy (NYSE:FPL) of Florida, Portland General Electric (NYSE:POR) of Oregon and two wind farms in Washington.

To keep pace with new orders Siemens is having to expanding existing and create new facilities in the U.S., leading to the creation of "green collar" jobs. Siemens is also conducting a two-year study on direct drive (DD) technology on a test turbine in Denmark. The DD technology is meant to cut down on maintenance cost of its existing turbines with gearboxes. (Whether you want funds or stocks, find out how to evaluate planet-friendly portfolio picks in Evaluating Green Equity Investments.)

GE Snapshot

General Electric (NYSE:GE) is the world largest wind turbine maker, with more than 8,000 installations. GE offers an array of wind turbines ideally suited for locations short on space as wells as larger turbines for offshore farms with rotor diameters of 341 feet.

At the beginning of this year American Wind Energy Association noted that GE turbines were responsible for nearly half of the 5 gigawatts of new wind energy capacity brought on line in the U.S. in 2007. Demand for GE's turbines has placed pressure on its wind-blade-components suppliers who are also being driven to expand production creating additional work for new hires.

Wind Power Diversification Made Easy
For instant diversification investors could also perform due diligence on the First Trust Global Wind Energy EFT (AMEX:FAN). The exchange-traded fund debuted in June and tracks the International Securities Exchange Global Wind Energy Index. The index is composed of companies in multiple countries including Germany, Spain and Denmark directly or partially related to generating wind energy.

Wind power is growing in popularity with utilities, builders and investors. It is a renewable energy source that continues to become a larger component of meeting global energy demand with the added benefit of adding jobs to the workforce. The choices for investment in the U.S. are few, but the opportunity wind power presents is undeniable.

For further reading, and to put a little green in you wallet, read our related article Top 10 Green Industries.

Related Articles
  1. Mutual Funds & ETFs

    Top 3 Japanese Bond ETFs

    Learn about the top three exchange-traded funds (ETFs) that invest in sovereign and corporate bonds issued by developed countries, including Japan.
  2. Mutual Funds & ETFs

    What Exactly Are Arbitrage Mutual Funds?

    Learn about arbitrage funds and how this type of investment generates profits by taking advantage of price differentials between the cash and futures markets.
  3. Savings

    Become Your Own Financial Advisor

    If you have some financial know-how, you don’t have to hire someone to advise you on investments. This tutorial will help you set goals – and get started.
  4. Investing News

    Ferrari’s IPO: Ready to Roll or Poor Timing?

    Will Ferrari's shares move fast off the line only to sputter later?
  5. Investing Basics

    6 Reasons Hedge Funds Underperform

    Understand the hedge fund industry and why it has grown exponentially since 1995. Learn about the top six reasons why the industry underperforms.
  6. Investing Basics

    What Does Plain Vanilla Mean?

    Plain vanilla is a term used in investing to describe the most basic types of financial instruments.
  7. Mutual Funds & ETFs

    Top Three Transportation ETFs

    These three transportation funds attract the majority of sector volume.
  8. Stock Analysis

    5 Cheap Dividend Stocks for a Bear Market

    Here are five stocks that pay safe dividends and should be at least somewhat resilient to a bear market.
  9. Investing Basics

    Tops Tips for Trading ETFs

    A look at two different trading strategies for ETFs - one for investors and the other for active traders.
  10. Investing

    How to Win More by Losing Less in Today’s Markets

    The further you fall, the harder it is to climb back up. It’s a universal truth that is painfully apparent in the investing world.
  1. Can mutual funds invest in options and futures?

    Mutual funds invest in not only stocks and fixed-income securities but also options and futures. There exists a separate ... Read Full Answer >>
  2. Can mutual funds invest in IPOs?

    Mutual funds can invest in initial public offerings (IPOS). However, most mutual funds have bylaws that prevent them from ... Read Full Answer >>
  3. How do dividends affect retained earnings?

    When a company issues a cash dividend to its shareholders, the retained earnings listed on the balance sheet are reduced ... Read Full Answer >>
  4. What is the difference between called-up share capital and paid-up share capital?

    The difference between called-up share capital and paid-up share capital is investors have already paid in full for paid-up ... Read Full Answer >>
  5. Why would a corporation issue convertible bonds?

    A convertible bond represents a hybrid security that has bond and equity features; this type of bond allows the conversion ... Read Full Answer >>
  6. Does index trading increase market vulnerability?

    The rise of index trading may increase the overall vulnerability of the stock market due to increased correlations between ... Read Full Answer >>

You May Also Like

Trading Center
You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!