Still, Michael Kurtz, chief Asia strategist at Nomura Holdings, noted that Hong Kong's H-shares have reached the point where they are Asia's cheapest in terms of their forward price-to-earnings ratio, at 8.4 times, compared to a 10-year historical average of 12.6 times.
The industry's success in Texas (where my company is based, and which is the nation's largest and cheapest producer of wind power) suggests that wind farms do make sense in relatively windy areas where electricity shortages occur.