Equipment makers for solar and wind energy climbed, rallying for a second day amid speculation that clean energy will benefit in the wake of Japan’s nuclear reactor accident. Among wind turbine companies, German’s Nordex SE rose 19 percent, and in the U.S., Broadwind Energy Inc. (BWEN) jumped 24 percent.
Germany will halt nuclear reactors accounting for 25 percent of its atomic energy capacity as part of a safety review after explosions at reactors in Japan. The government will use the three-month moratorium on the extension of the life of German nuclear plants announced yesterday to review whether the country can speed up installations of renewable energy.
“The nuclear catastrophe in Japan has changed the value of nuclear for good– and inversely that of all alternatives, the best of which being hydro,” Ing Becker, an analyst at Kepler in Frankfurt, Germany, wrote yesterday.