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May 2, 2012
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News for wind power professionals and advocates

  Industry Update 
  • LM Wind Power posts 41% decline in profit for 2011
    Denmark-based blade producer LM Wind Power Holding reported that its net income fell to $97 million in 2011, when it cut about 3% of its global workforce, dropping 41% from $164.7 million in the previous year. The company cited the financial crisis and increased competition from Chinese manufacturers for the slump. "We will continue to face difficult market circumstances with overcapacity, slower demand and price pressure," said CEO Roland Sunden. Bloomberg Businessweek (5/1) LinkedInFacebookTwitterEmail this Story
  • Other News
  Project Focus 
 
  • Invenergy lands new debt financing for Illinois wind project
    Invenergy has secured new debt financing for the California Ridge Wind Energy project in Illinois. The new funding includes construction loans and a letter of credit facility for the 200-megawatt wind project, the company said. Upon completion, the 134-turbine wind farm is expected to supply enough power for 65,000 homes. RechargeNews.com (tiered subscription model) (5/1) LinkedInFacebookTwitterEmail this Story
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  Economy, Energy & Trends 
  • Officials hope wind project will draw businesses to S.C. area
    Officials in Charleston, S.C., are hoping to draw wind power-related businesses into the area with the construction of Clemson University's Wind Turbine Drivetrain Testing Facility. "Make no mistake, we intend to make our state, and the three-county region in particular, the global destination for wind-energy manufacturing," said Merle Johnson, an executive of the Charleston Regional Development Alliance. The Post and Courier (Charleston, S.C.) (free registration) (4/29) LinkedInFacebookTwitterEmail this Story
  • Former radar site in Maine would be a good location for wind turbines
    Cianbro's plan to redevelop a former U.S. Air Force base in Moscow, Maine, as a potential site for a wind farm would bring jobs and new businesses to the area, according to an editorial. The former radar station would be a good candidate for a wind project because it already has roads and transmission lines, and it is far from residential areas, the editorial board writes. Bangor Daily News (Maine) (free registration) (5/1) LinkedInFacebookTwitterEmail this Story
 
  • Minnesota Power should not extend life of coal-fired plants
    Minnesota Power should invest in renewable power instead of spending millions of dollars to prolong the lives of its coal-fired plants, writes Drew Bennett, a staff member of the Izaak Walton League of America. The environmental and public health costs linked to coal are too high to justify its continued use, notes Bennett. "When I look at other solutions to our energy needs -- like energy efficiency, wind and solar -- I can't help but think of all the risks they don't impose," Bennett adds. Duluth News Tribune (Minn.) (5/1) LinkedInFacebookTwitterEmail this Story
 
  • Other News
  Policy Watch 
  • PTC expiry will put manufacturing jobs at risk, lawmakers say
    Thousands of workers linked to the wind power industry could lose their jobs if Congress doesn't extend the renewable-energy Production Tax Credit, according to Sens. Michael Bennet, D-Colo., and Mark Udall, D-Colo. Colorado alone could lose up to 6,000 jobs if the tax incentive is allowed to expire, they warned. Removing the PTC would jeopardize up to 37,000 manufacturing jobs nationwide, the American Wind Energy Association added. FoxNews.com (5/1) LinkedInFacebookTwitterEmail this Story
 
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  SmartQuote 
Be regular and orderly in your life, so that you may be violent and original in your work."
--Gustave Flaubert,
French novelist


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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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