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December 13, 2012
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News for wind power professionals and advocates

  Industry Update 
  • Canada's Algonquin seals purchase of stakes in 3 U.S. wind farms
    Canada's Algonquin Power has finalized its purchase of a 60% stake in the Minonk wind farm in Illinois and the Senate wind farm in Texas from Gamesa. As part of the transaction, Algonquin also boosted its stake in the Sandy Ridge wind farm in Pennsylvania from 58.75% to 60%, the company said. Total consideration paid by Algonquin for the stakes is estimated at $238 million. SNL Financial (free content) (12/11) LinkedInFacebookTwitterEmail this Story
  • FERC OKs sale-and-leaseback plan for Calif. wind project
    EDF Renewable Energy has received authorization from the Federal Energy Regulatory Commission to proceed with its sale-and-leaseback transaction with a unit of UnionBanCal for the Shiloh IV wind project in California. Under the deal, full ownership interest in the wind project will be put into a trust for the benefit of UnionBanCal. EDF Renewable Energy will lease the facility and operate it. SNL Financial (free content) (12/11) LinkedInFacebookTwitterEmail this Story
  • Western Wind shareholders urged not to act on Brookfield's offer
    Western Wind Energy has issued a directors' circular asking shareholders to refrain from acting on Brookfield Renewable Energy Partners' offer of $2.54 per share of the company's issued and outstanding shares. Western Wind is concerned that shareholders tendering their shares to the offer may prevent other, potentially better proposals, a regulatory filing showed. The company's auction process is advancing with Rothschild in the forefront, Western Wind said. SNL Financial (free content) (12/11) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Project Focus 
  Policy Watch 
  • 7 offshore wind projects get $170M commitment from Energy Dept.
    The Department of Energy is committing $170 million in funding to seven offshore wind projects planned in the waters of Maine, New Jersey, Ohio, Oregon, Texas and Virginia. Each of the seven will get up to $4 million for engineering, design and permitting costs, then the department will select up to three projects to receive up to $47 million each to get them up and running by 2017. "The United States has tremendous untapped clean energy resources, and it is important for us to develop technologies that will allow us to utilize those resources in ways that are economically viable," Energy Secretary Steven Chu said in a statement. Platts (12/12) LinkedInFacebookTwitterEmail this Story
  • Feds open area off N.C. coast for offshore wind development
    The Department of the Interior has designated about 1,900 square miles of Atlantic Ocean off the coast of North Carolina for offshore wind development. Among the companies expected to express interest in bidding for leases is New Jersey-based Arcadia Offshore. "One of the many advantages of wind is that it's guaranteed stable-price power for the next 20, 25 years," said Arcadia Offshore President Peter Mandelstam. The News & Observer (Raleigh, N.C.) (12/13) LinkedInFacebookTwitterEmail this Story
  • Bipartisan group of lawmakers wants MLPs allowed for renewables
    A bipartisan group of lawmakers is pushing legislation that would amend the U.S. tax code to allow renewable-energy investors to create master limited partnerships, a tax structure already available to fossil-fuel projects. "Small tweaks to the tax code could attract billions of dollars in private sector investment to renewable energy deployment," the lawmakers wrote in a letter to President Barack Obama. Reuters (12/12) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
No problem can withstand the assault of sustained thinking."
--Voltaire,
French writer, historian and philosopher


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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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