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April 18, 2012
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News for wind power professionals and advocates

  Industry Update 
  • Wind power growth will be "virtually zero" if PTC expires, exec says
    NextEra Energy Chairman and CEO Lewis Hay III called on Congress to extend the renewable-energy Production Tax Credit that is due to expire at the end of the year. "Wind power will go to virtually zero next year" if the PTC is not be renewed, Hay said. The incentive pays for itself because the tax revenue created by the wind farm's output will quickly cover the cost of the tax-credit program. CNNMoney/Fortune (4/17) LinkedInFacebookTwitterEmail this Story
  • Offshore-wind project delays prompt Siemens to adjust targets
    Siemens is planning to revise its profit target for the year because of losses from delayed offshore-wind projects in Germany, according to a report in the Financial Times Deutschland, citing company sources. The company will book charges at its power-transmission unit for the second quarter at $266 million, roughly the same amount as the previous quarter. Siemens said complex regulations are partly to blame for slowing progress on the offshore-wind projects. Reuters (4/17) LinkedInFacebookTwitterEmail this Story
  • GE to supply 31 of its 1.6-MW turbines to Turkish wind project
    General Electric's 1.6-100 wind turbine will make its European debut at Fina Enerji's 50-megawatt wind project near Istanbul. GE's factory in Salzbergen, Germany, will deliver 31 of the 1.6-megawatt turbines to the project by the end of 2012. GE will also provide commissioning and technical advisory services to the project, which is due for completion by the first quarter of 2013. RechargeNews.com (tiered subscription model) (4/17) LinkedInFacebookTwitterEmail this Story
  • U.S. clean-energy firms are urged to invest in India
    An Indian official called on U.S. clean-energy companies to invest in his country, which is moving forward with plans to boost spending for power infrastructure. "There are excellent opportunities in India to examine the feasibility of clean energy technologies, which will be a win-win situation for India and the United States," Indian Power Minister Sushilkumar Shinde said at an event in Washington, D.C., organized by the U.S.-India Business Council. United Press International (4/17) LinkedInFacebookTwitterEmail this Story
  • Other News
  Project Focus 
  • Court-approved deal allows Nev. wind project to move forward
    A court-approved settlement will allow Pattern Energy to continue development of the $225 million Spring Valley Wind project in White Pine County, Nev. Under the deal, Pattern will expand its wildlife-monitoring program at the project site and will pay $50,000 for a bat study. The 66-turbine wind farm is expected to go online in July. Las Vegas Review-Journal (4/17) LinkedInFacebookTwitterEmail this Story
  Economy, Energy & Trends 
  • Fate of PTC affects global wind market, GWEC's Sawyer says
    Global wind power capacity will rise to 493 gigawatts in 2016 from 238 GW in 2011, as growing markets in countries such as India and Brazil compensate for slow growth in the U.S., where installations are expected to slump because of the uncertainty over the future of the Production Tax Credit, according to a Global Wind Energy Council report. "The single greatest factor affecting the global market in 2012 will be the debate on the future of the U.S. Production Tax Credit," GWEC Secretary-General Steve Sawyer said in the report. "Stable policy is needed for the wind industry to begin to live up to its potential," the report added. Bloomberg Businessweek (4/17), The Des Moines Register (Iowa)/Green Fields blog (4/17) LinkedInFacebookTwitterEmail this Story
  • Nontraditional wind power markets will drive growth, report shows: Growth in wind power markets in South America, Asia and Canada will make up for lost momentum in the traditional markets of Europe and the U.S., where austerity measures and uncertain policies will stymie the industry's growth, according to the Global Wind Energy Council. "Asia continues to drive global growth, but the European market is stable for now. Latin America is the thing to watch," said GWEC Secretary-General Steve Sawyer. MarketWatch (4/17) LinkedInFacebookTwitterEmail this Story
  • Clean-energy push is a "national security" concern, exec says
    Conservatives in Congress should support efforts to promote clean-energy sources because it is a matter of national security, said Frederick Smith, chairman of FedEx and co-chair of the Energy Security Leadership Council. "This isn't about liberal programs and changing society. This is about energy conservation and national security by getting us off of imported oil," said Smith. CNBC (4/16) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Staffers: Congress unlikely to tackle PTC before election
    Congress is unlikely to act on the expiring Production Tax Credit before the presidential election, according to Capitol Hill staffers. "I would say it is going to be difficult to pass before the presidential election," Jason Edgar, legislative director for Rep. Dave Reichert, R-Wash., said at a conference in New York sponsored by the American Wind Energy Association. "We are looking at a lot of work in the lame duck Congress." Russell Sullivan, chief tax counsel to the Senate Ways and Means Committee, said that the PTC may need a "haircut" to get extended. SNL Interactive (free content) (4/16) LinkedInFacebookTwitterEmail this Story
  Featured Content 
 

  SmartQuote 
A daydreamer is prepared for most things."
--Joyce Carol Oates,
American 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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