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December 5, 2012
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News for wind power professionals and advocates

  Industry Update 
  • Munich Re, REpower sign insurance deal for offshore wind turbines
    Munich Re has agreed to insure REpower Systems turbines at an offshore wind project in Germany against "serial losses," becoming the first insurance group to offer coverage for losses in the offshore wind industry. Munich Re's product is expected to "increase overall investment security and make it easier to finance large offshore wind projects," said Sophia von Waldow, an analyst at Bloomberg New Energy Finance. Munich Re is also developing a product that would cover losses incurred from weather-related delays. Bloomberg Businessweek (12/4) LinkedInFacebookTwitterEmail this Story
  • Clean Wind Energy gets OK for second downdraft tower in Ariz.
    Clean Wind Energy has secured approval from Arizona regulators to construct the second of two nearly 2,250-foot-tall wind-powered downdraft towers that would generate 850 megawatts of power from turbines in their foundations. Construction of CWE's proposed two-unit project near San Luis, Ariz., is expected to start one to two years from now. Once up and running, the system could generate enough power for 1 million households. The company is planning to build a similar project in Mexico. RechargeNews.com (tiered subscription model) (12/4) LinkedInFacebookTwitterEmail this Story
  • Saudi Arabia plans to boost reliance on clean energy sources
    Saudi Arabia intends to generate 9 gigawatts of power from wind turbines by 2032, according to a report in a Riyadh newspaper, citing Khalid al-Sulaiman, vice president of the King Abdullah City for Atomic and Renewable Energy. The country also plans to generate 18 GW from nuclear, 1,000 megawatts from geothermal and 3,000 MW from waste biomass, al-Sulaiman said. Bloomberg Businessweek (12/4) LinkedInFacebookTwitterEmail this Story
  • Italy's EGP begins work on 3 Brazilian wind projects
    Italy's Enel Green Power has started construction on three Brazilian wind projects that would have a total capacity of 90 megawatts when completed. The projects are part of the company's bid to boost investments in emerging wind markets amid the slowdown in Europe. Reuters (12/4) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Project Focus 
  • Western Wind receives $4.1M from Treasury Dept.'s Section 1603
    Western Wind Energy has received an additional payment of about $4.1 million under the Department of the Treasury's Section 1603 Investment Tax Credit. In July, the firm received $73.8 million from the program for its Arrow Wind project in Tehachapi, Calif., but it said the award was $12.2 million short of the amount it requested. "This supplemental payment only partially offsets Treasury's original reduction of $12.2 million," Western Wind said in a regulatory filing. SNL Financial (free content) (12/3) LinkedInFacebookTwitterEmail this Story
  • Other News
  Economy, Energy & Trends 
  • Study: Offshore wind may take time to go online in the U.S.
    A global survey of offshore wind projects by Navigant Consulting suggests that the resource may not be competitive yet in the U.S., however, two projects could go online in 2014. The cost of offshore wind projects in Europe has increased to about $5.2 million per megawatt, compared to about $2 million per megawatt in land-based U.S. wind projects, where costs could come down, said Bruce Hamilton with Navigant Consulting. However, offshore winds are generally more powerful and consistent, allowing turbines to generate more power during peak-demand periods, the group said. The New York Times (tiered subscription model)/Green blog (12/4) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Governors from western states call for predictable energy policy
    A group of Western governors urged the Obama administration to put in place a predictable energy policy that would promote development of both fossil fuels and renewable energy. "We need energy, and everyone needs a clean environment, as well. Out West, we need and want both," said Wyoming Gov. Matt Mead, during a panel discussion at a meeting of the Western Governors' Association on Dec. 2 in Scottsdale, Ariz. SNL Financial (free content) (12/4) LinkedInFacebookTwitterEmail this Story
  AWEA News 
  • Lesser Misstates Facts at Heritage-Exelon Anti-Wind Briefing
    Economist Jonathan Lesser, who authored a recent report on wind power for Exelon Corp. as part of its campaign against the federal wind energy Production Tax Credit, made a number of misstatements about wind at a Capitol Hill briefing sponsored by Exelon and the Heritage Foundation. As the late Senator Daniel Patrick Moynihan once said, "Everyone is entitled to his own opinion, but not his own facts." Here are some facts Lesser missed. LinkedInFacebookTwitterEmail this Story
  • From Gift Ideas to Educational Materials ...
    Shop the AWEA Store. Loaded with turbine-adorned apparel, wind energy-inspired gifts, industry publications, and official AWEA conference and workshop materials, the AWEA Store is the one place you can shop to show your dedication to clean, renewable wind energy. AWEA members always receive 10% off the regular, sale and clearance prices. Shop early for the best selection. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
The forceps of our minds are clumsy things and crush the truth a little in the course of taking hold of it."
--H.G. Wells,
British author


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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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