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October 26, 2012
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News for wind power professionals and advocates

  Industry Update 
  • PTC expiry would jeopardize U.S. competitiveness, investors say
    A diverse group of state treasurers, institutional investors and asset managers with a combined portfolio of more than $800 billion wrote a letter to congressional leaders, asking them to endorse a "multi-year extension" of the wind-energy Production Tax Credit. "Allowing the PTC to expire would severely damage U.S. competitiveness and divert hundreds of billions of investment dollars away from the U.S. to competitors with inferior resources but stronger policies," the groups said. The groups were organized by the Investor Network on Climate Risk. SNL Financial (free content) (10/24) LinkedInFacebookTwitterEmail this Story
  • Opinion: Offshore wind will bring economic benefits, jobs
    The Mid-Atlantic would greatly benefit from developing its offshore wind resources, writes Dave Belote, vice president of federal business at Apex Wind Energy, who attended the American Wind Energy Association's Offshore WINDPOWER Conference. He cited a study by IHS that found that developing 7,000 megawatts' worth of wind power connected to the region by the proposed Atlantic Wind Connection would bring with it 170,000 jobs. "Congress' delay in extending the Production Tax Credit (PTC) for land-based wind, and the Investment Tax Credit for offshore wind power, is creating uncertainty for a critical domestic industry and putting American jobs at risk," he writes. Richmond Times-Dispatch (Va.) (10/26) LinkedInFacebookTwitterEmail this Story
  • Iberdrola holds off on U.S. expansion plans
    Because of the downturn in the U.S. market, Iberdrola will suspend wind-power expansion plans there until conditions improve. "Considering Iberdrola is already the second-largest wind producer in this country, we do not need to push a rapid expansion in case regulatory and economic conditions are not suitable," said Chairman and CEO Ignacio Galan. SNL Financial (free content) (10/24) LinkedInFacebookTwitterEmail this Story
  • Gamesa to slash global workforce by 20% through 2015
    Spanish wind-turbine manufacturer Gamesa is planning to reduce its global workforce by 20% through 2015 as part of efforts to bounce back to profitability. The company aims to lay off 1,800 workers by March 2013, after letting go 800 workers since December last year. "We need to reduce costs and debt. Utilities are going through a deleveraging stage and are reducing investment, which is affecting us," said Gamesa Chairman Ignacio Martin. Bloomberg Businessweek (10/25) LinkedInFacebookTwitterEmail this Story
  • U.K. company aims for $202M in loans for offshore wind venture
    Associated British Ports, which is developing the Port of Hull in the U.K. as a hub for offshore wind development, is in talks with the European Investment Bank for two loans worth $202 million. Some of the funds would go toward transforming part of the area into "a site for an offshore wind turbine manufacturing facility with riverside berth and storage areas for turbine components," the company said. RechargeNews.com (tiered subscription model) (10/25) LinkedInFacebookTwitterEmail this Story
  Project Focus 
  • Developer of Minn. wind project asks for more time to find customer
    Paynesville Wind, which is planning to build a 95-megawatt wind farm near Paynesville, Minn., has asked the Minnesota Public Utilities Commission for more time to get a buyer for the wind project's output. Under the terms of the project's permit, Paynesville Wind must secure a power purchase agreement and start construction by Jan. 26, 2013. The company wants the deadline for a PPA extended to July 2014 and the start of operations to December 2014. St. Cloud Times (Minn.) (10/25) LinkedInFacebookTwitterEmail this Story
  Economy, Energy & Trends 
  • Ports on East Coast vie to land offshore-wind businesses
    The Port of Virginia is among the East Coast areas vying to become a hub for offshore-wind development in the Eastern Seaboard, which industry insiders say could be worth up to $15 billion over the next decade. "We welcome you here; we want you here," said Virginia Lt. Gov. Bill Bolling during the American Wind Energy Association's annual offshore wind summit in Virginia Beach, Va. Other municipalities that are working to attract businesses in the nascent industry are Baltimore; Narragansett, R.I.; and New Bedford, Mass. EENews.net (free content)/Greenwire (10/25) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Opinion: PTC removal would skew energy tax supports to fossil fuels
    Republican presidential candidate Mitt Romney and others who are attacking the wind-energy Production Tax Credit overlook the fact that all forms of energy generation receive some form of federal tax incentive, writes columnist Michael Hiltzik. Allowing the PTC to expire would unfairly tilt "the tax system away from renewables and in favor of fossil fuels and nuclear energy, which have been enjoying subsidies for decades," Hiltzik states. Since the PTC took effect in 1992, U.S. wind power capacity has grown "from almost zero to about 47,000 megawatts," making the U.S. the second biggest producer of wind power in the world, Hiltzik notes. Los Angeles Times (tiered subscription model) (10/23) LinkedInFacebookTwitterEmail this Story
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  AWEA News 
  • Perseverance, Logistics Acumen Make Alaska Wind Project Reality
    In landmark renewable energy news for Alaska, the 17.6-MW Fire Island Wind Project is now on line and generating power, concluding another rather remarkable story in American wind power development. Read more. LinkedInFacebookTwitterEmail this Story
  • AWEA Wind Environmental Health & Safety Seminar
    Deepen your understanding of EH&S issues straight from wind technicians, managers, supervisors, engineers and occupational environmental, health and safety professionals in the wind industry. Learn how to apply best practices to tackle today's business challenges. Get it on your calendar now: Jan. 16 and 17, La Jolla, Calif. Learn more. LinkedInFacebookTwitterEmail this Story
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--Persian proverb

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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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