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October 10, 2012
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News for wind power professionals and advocates

  Industry Update 
  • Study shows economic benefits of offshore-wind development
    Building offshore wind farms along the Mid-Atlantic would directly create more than 70,000 jobs, support an additional 40,000 across the industry supply chain and indirectly generate 50,000 as a result of increased economic activity in the region, according to an IHS study released Wednesday at an American Wind Energy Association summit in Virginia. Offshore-wind development would contribute about $19 billion to the economies of the Mid-Atlantic states and boost local, state and federal revenues by $4.6 billion, the study showed. The Washington Post/The Associated Press (10/10) LinkedInFacebookTwitterEmail this Story
  • Feds green-light 1,000-turbine Wyo. wind project
    The Department of the Interior yesterday approved the creation of a 1,000-turbine wind farm that would cover 350 square miles in Wyoming and generate electricity for up to 1 million homes, making it the largest wind energy project in the U.S. Construction of the Chokecherry and Sierra Madre Wind Energy Project, which is owned by the Power Co. of Wyoming, could start in 2013 and is expected to take three years to build. It would bring about 1,000 construction-related jobs and more than 100 maintenance jobs to Wyoming, the Bureau of Land Management said. The Commercial Appeal (Memphis, Tenn.)/The Associated Press (free registration) (10/9) LinkedInFacebookTwitterEmail this Story
  • Vestas cuts 75 more jobs at Colo. wind-blade factory
    Vestas Wind Systems laid off 75 workers at its wind-blade manufacturing plant in Brighton, Colo., on Tuesday. The company had already cut 30 workers at the plant and 90 more at its wind-tower factory in Pueblo, Colo. The inaction in Congress over the wind-energy Production Tax Credit "has led to a significant reduction in turbine orders for 2013, and the market slowdown is affecting Vestas' manufacturing facilities in Colorado," said company spokesman Andrew Longeteig. The Denver Post (10/10) LinkedInFacebookTwitterEmail this Story
  • Report: Global clean-energy spending declined in Q3
    Global clean-energy spending fell to $56.6 billion in the third quarter, down 5% from the previous three months and 20% from the same period in 2011, according to Bloomberg New Energy Finance. That trend suggests investment in the sector could post an annual decline for the first time since 2004, BNEF said. "The location of some of the biggest projects financed in quarter three this year highlight the geographical shift that is taking place in clean energy, with established markets such as the U.S., Europe and China losing momentum while newer markets in South America, Asia and Africa pick up steam," said BNEF CEO Michael Liebreich. Bloomberg Businessweek (10/9) LinkedInFacebookTwitterEmail this Story
  • Suzlon requests another extension for $220.8M bond repayment
    Suzlon Energy, an Indian wind turbine-maker that has posted losses for three years, is requesting an additional four months to repay holders of $220.8 million in overseas convertible bonds, the second extension request it has made this year. Bondholders will vote on the matter today. Meanwhile, Dutch company Multi-Fix Group, which supplies studs and nuts to Suzlon, is planning to sue the turbine-maker for reportedly falling behind on payments amounting to $1.9 million. Bloomberg Businessweek (10/9) LinkedInFacebookTwitterEmail this Story
  Project Focus 
  Economy, Energy & Trends 
  • Threat of PTC expiration puts more Northwest jobs at risk
    More workers in the Pacific Northwest could lose their jobs if Congress doesn't renew the wind-energy Production Tax Credit slated to expire Dec. 31. Katana Summit, Siemens Wind Power and Vestas Wind Systems are among the companies that have announced job cuts. "The industry has been through this before, where we face the expiration of the PTC, and the industry just falls off a cliff. And for whatever reason, our folks in Washington don't seem to get what that means to jobs out in the field," said Kevin Strudthoff, CEO of Katana Summit. Oregon Public Broadcasting/Earthfix (10/10) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • PTC delays in Congress causing job losses, wind industry says
    Frustrations are mounting among wind-industry executives over congressional inaction on the wind-energy Production Tax Credit. The PTC -- which offers a 2.2-cent credit per kilowatt-hour for electricity produced by wind energy -- must be renewed to stem the job losses already spreading across the sector as companies fear its expiration at the end of the year, executives said. "The turbines are staying, the wind service jobs are staying, but ... tens of thousands of other [wind energy-related] jobs are being lost," said Greg Wortham, executive director of the Texas Wind Energy Clearinghouse. San Angelo Standard-Times (Texas)/Scripps Texas Newspapers (10/8) LinkedInFacebookTwitterEmail this Story
  AWEA News 
  • Universal Truth: U.K. Farmers Tap Wind as Price Hedge
    It's as true in the U.K. as it is in the U.S. It's also just as true about small wind as it is about the utility-scale segment of the industry: clean, affordable wind power provides a hedge against notoriously volatile fossil-fuel prices. Read more. LinkedInFacebookTwitterEmail this Story
  • Fall Symposium: Realigning for the future
    Wind professionals within every segment of the industry should attend this strategy-focused, top-tier event. With a focus on executive-level, industry-wide discussion, both program and networking are second to none at the Fall Symposium, which always takes place in a relaxed, resort setting. Coming Nov. 14 and 15. Get more info. LinkedInFacebookTwitterEmail this Story
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No need to hurry. No need to sparkle. No need to be anyone but oneself."
--Virginia Woolf,
British writer

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These stories were selected and summarized by independent editors at SmartBrief Inc., not by AWEA's staff, and do not represent AWEA positions. They reflect the variety of daily coverage of American wind power.
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