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October 22, 2012
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News for wind power professionals and advocates

  Industry Update 
  • AWEA: U.S. wind-power installations soared in Q3
    Newly installed U.S. wind capacity reached 1,832.7 megawatts in the third quarter, taking the nation's total wind capacity to 51,630 MW, according to the American Wind Energy Association. The U.S. installed 40% more wind power in the first nine months of 2012 compared to the same period in 2011, partly because developers are racing to complete their projects in time to qualify for the wind-energy Production Tax Credit, which is due to expire on Dec. 31. "This is what a successful policy looks like when it's working, but whether wind will continue to be a bright spot in the U.S. economy now depends on whether Congress acts to extend the production tax credit by the end of the year," AWEA CEO Denise Bode said in a statement. SNL Financial (free content) (10/18) LinkedInFacebookTwitterEmail this Story
  • GE on course for record U.S. wind-power installations in 2012
    General Electric is on pace to establish a new company record for wind-power installations in the U.S. this year, topping its previous record of 3.99 gigawatts in 2009, said Matt Guyette, general manager for strategy and market development at GE Wind and Solar. GE's projections are in tune with forecasts that the U.S. will install somewhere between 12 GW and 13.5 GW in wind capacity this year, Guyette said. "We haven't released our numbers, but it will be a record year in the U.S.," Guyette said. RechargeNews.com (tiered subscription model) (10/19) LinkedInFacebookTwitterEmail this Story
  • PTC uncertainty is hurting revenue, GE says
    General Electric posted earnings of $3.8 billion in the third quarter, up 10% from the comparable period in 2011, but it added that waning demand for new wind turbines is denting profits. Revenues from the company's wind-power operations are projected to drop by 40% in 2013 if Congress allows the wind-energy Production Tax Credit to lapse at the end of the year, said Vice Chairman and Chief Financial Officer Keith Sherin. "That really assumes kind of no market in the U.S.," said Sherin, adding that GE is not pinning its hopes on an extension of the tax incentive. SNL Financial (free content) (10/19) LinkedInFacebookTwitterEmail this Story
  • Sany Group seeks new home for 20 turbines banned from Ore. site
    Sany Group, the China-linked company that is suing the Obama administration for blocking its wind projects near a military facility in Oregon, is looking for new projects in the U.S. where it can use the 20 turbines originally meant for the scuttled projects. Meanwhile, the group criticized the U.S.' decision to stop the projects. "It's a political stunt, complete bureaucratic nonsense," Sany Group Vice President Wu Jialiang said. RechargeNews.com (tiered subscription model) (10/19) LinkedInFacebookTwitterEmail this Story
  • Dong Energy suspends work on German offshore wind project
    Denmark's Dong Energy has suspended development of the proposed Borkum Riffgrund 2 offshore wind farm in Germany, citing transmission-related delays by grid operator TenneT TSO. Tennet has not set a fixed schedule on when it would lay underwater cables to link offshore wind turbines to the grid, Dong Energy said. Reuters (10/21) LinkedInFacebookTwitterEmail this Story
  Project Focus 
  • 2 companies to install wind turbines at industrial park in Mass. city
    Three wind turbines are expected to be built at an industrial park in Gloucester, Mass., by December. Varian Semiconductor Equipment Associates is gearing up to install a 2.5-megawatt turbine that is expected to generate about one-third of the company's power needs. Meanwhile, the city has signed a long-term deal for Equity Industrial Partners to build two, 2-MW turbines that is projected to supply all of the city's municipal electricity starting in December. The Boston Globe (tiered subscription model) (10/21) LinkedInFacebookTwitterEmail this Story
  Economy, Energy & Trends 
  • PTC uncertainty clouds prospects of Neb. wind-power industry
    The looming expiration of the wind-energy Production Tax Credit is expected to depress wind-power development in Nebraska, industry insiders said. "The biggest single driver is the federal Production Tax Credit. When it's in place, we move forward. When it's not there, we lag," said John Hansen, president of the Nebraska Farmers Union. Lincoln Journal Star (Neb.) (tiered subscription model) (10/22) LinkedInFacebookTwitterEmail this Story
  AWEA News 
  • Senate Tax Chair Optimistic About PTC Extension
    Senate Finance Committee Chairman Max Baucus, D-Mont., attending a Montana wind farm groundbreaking Oct. 18, said he believes the federal wind energy Production Tax Credit will be extended by Congress. Read more. LinkedInFacebookTwitterEmail this Story
  • Ari Fleischer, Paul Begala at Fall Symposium; Housing Deadline Today
    AWEA is pleased to announce its keynote speakers for the Wind Energy Fall Symposium's Washington Insiders Perspective session: Paul Begala, former counselor to President Clinton and commentator, and Ari Fleischer, former White House press secretary. Note: Fall Symposium housing deadline is today. Register or get more information. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
The importance of money flows from it being a link between the present and the future."
--John Maynard Keynes,
British economist


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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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