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- Sen. Grassley, governors to renew push for PTC extension
Sen. Chuck Grassley, R-Iowa, and a bipartisan group of governors are holding a press conference today in Washington, D.C., to press for an extension of the wind-energy Production Tax Credit. Legislation to extend the tax incentive is included in a tax extenders bill that cleared a Senate panel in August but has not been addressed by the full Senate. The Hill/E2 Wire blog
(11/12)     
- IEA: Oil tax breaks worsen carbon emissions, stymie renewables
Government support for fossil fuels worldwide rose 30% from 2010 to $523 billion in 2011, hindering the growth of renewable energy and undermining efforts to curb greenhouse-gas emissions that are linked to global warming, according to the International Energy Agency's annual World Energy Outlook. "Many governments and businesses are clearly in denial over the threat posed by climate change and need to accept that we have to start leaving fossil fuels in the ground rather than dashing to develop new reserves," said Keith Allott, World Wildlife Fund-U.K.'s head of climate change. MarketWatch/The Tell blog
(11/12)
- Sandy showed value of wind turbines, firms say
U.S.-based wind turbine makers Northern Power Systems and Capstone Turbine said their wind turbines performed without a hitch during superstorm Sandy. "Many of our turbines, from the Caribbean to the Eastern Seaboard of the U.S., were directly in the path of Hurricane Sandy, but none were damaged by the high winds," said Troy Patton, president and CEO of Northern Power Systems. Capstone Turbine's microturbines also continued to operate during and after the storm, helping supply power to disaster-relief operations in hurricane-stricken areas, said Darren Jamison, the company's president and CEO. DomesticFuel.com
(11/12)
- Chinese developers face cash-flow problems as incentives dry up
Some wind-energy developers in China are postponing payments to suppliers because of a delay in the release of government financial support. China's government owes developers an estimated $224.5 million in unpaid incentives for the fourth quarter of 2010 and about $3.5 billion for 2011, according to Bloomberg New Energy Finance. "With the lack of subsidy payment and declining incomes from the UN Clean Development Mechanism, developers are struggling to break even on many projects," an analyst said. RechargeNews.com (tiered subscription model)
(11/12)
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- Maine town to vote on proposed benefits package from First Wind
Officials in Moscow, Maine, will hold a special town meeting on Thursday to vote on whether to accept First Wind's benefits package for a proposed wind farm in the area. Aside from the millions of dollars in investment, the project would employ hundreds of workers during construction and up to 12 full-time jobs after construction, said First Wind spokesman John LaMontagne. Portland Press Herald (Maine)
(11/12)
| Economy, Energy & Trends | | |
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- IEA: Renewables are "indispensable part" of world's energy mix
Renewable energy will grow to challenge coal as the biggest generator of power worldwide by 2035, thanks to declining technology costs, rising fossil fuel prices and increased government support, according to the International Energy Agency. Wind, solar and hydro power are projected to become the second-largest generator of electricity in 2015, and would account for nearly one-third of all generation in 2035, the IEA said. "A steady increase in hydropower and the rapid expansion of wind and solar power has cemented the position of renewables as an indispensable part of the global energy mix," the IEA said. Bloomberg
(11/12)
- Extend PTC to unshackle Pa.'s wind industry, exec says
Pennsylvania's wind power sector could duplicate the success of the state's natural gas industry, but without the downsides of fossil fuel production, writes Jeff Perkins, executive director of asset manager Friends Fiduciary, a member of the Investor Network on Climate Risk. However, the lack of action in Congress over the wind-energy Production Tax Credit could negate the progress already made by the wind industry, Perkins states. "[I]f Congress values job creation, American industry, healthy communities and long-term, sustainable energy independence, we believe its choice is simple: Extend the production tax credit immediately," Perkins states. The Patriot-News (Harrisburg, Pa.)
(11/12)
| Policy Watch | | |
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- AWEA: PTC is essential to an all-of-the-above strategy
An op-ed by Christine Harbin of Americans for Prosperity ignored the economic and security values of a diverse energy portfolio, as well as $600 billion in government incentives for other energy sectors over the years, writes Peter Kelley, vice president of public affairs for the American Wind Energy Association. Harbin's proposal to repeal unused oil tax credits along with the PTC is "a recipe to kill thousands of American wind energy jobs and cripple an industry which has set all-time records for new power production," and would leave wind the only sector without a federal incentive, Kelley writes. The Hill/Congress Blog
(11/12)
| AWEA News | | |
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Investor Urges PTC Extension, Calls for Level Playing Field
Noting that a series of federal incentives led to the remarkable growth of today's shale natural gas industry, investor Jeff Perkins, in an op-ed in the Harrisburg, Pa., Patriot-News, calls for an extension of wind energy's primary incentive, the federal Production Tax Credit. Read more.
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AWEA Regional Wind Energy Summit -- West
Focusing on California and surrounding states, the AWEA Regional Wind Energy Summit -- West provides a comprehensive and timely analysis of the hottest topics in the Western U.S. wind market. The knowledge you'll gain and relationships you'll create at this summit will strengthen your business and increase your bottom line. Coming Jan. 14 to La Jolla, Calif. Get more info.
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