Excuse the long title, but I think it shows just how global the alternative energy industry is becoming.

The world's leading Wind turbine manufacturer, Vestas, a Danish company, has just sold 40 MW of wind turbines (worth approx $45m) to Renewable Energy Generation - a British company for a windfarm in Canada.

Obviously, in the grand scheme of things, for Vestas - a huge company, this is not a big deal, just a small one. But for REG, their global portfolio spread between Poland, Canada and the UK makes a lot of sense. Canada, I've long regarded as a great place to site wind, because hardly anyone lives there- so little popular opposition, there are voluminous high windspeed sites and if sited near to one of their ubiquitous hydropower plants, the installed cost per megawatt can be substantially reduced. Poland is an emerging wind market and the UK, if the planning could be sorted out (not very likely, very soon) could be huge.

REG's strategy reflects the trend of windfarm developers to diversify internationally to hedge risks against annual low windspeeds in any given country.

Expect to see plenty more of this.