Committees in the Hawaii legislature this week voted to advance companion bills that would ramp up the state’s renewable portfolio standard (RPS) to 100pc by 2040. Committees in House and Senate recommended that the bills pass with amendments. In the House, the Finance Committee recommended the measure by a 15-0 vote and the Senate Commerce and Consumer protection committee passed the measure 4-0, with three senators not voting.
Bob Keefe, E2’s executive director, said in a statement that the 2014 jobs report demonstrates that the “clean energy revolution continues,” but such optimism was tempered by the fact that a number of federal and state supports for renewable energy — such as the federal production tax credit for wind energy — have expired or seen eroding political support.
He added that, while dozens of states have benefited from rising consumer interest and government supports for clean energy and clean transportation, “the one place in the country that doesn’t seem to get it is Congress.”
Today to face the dangers of climate change, humanity races to perfect wind energy production. Globally, the European Union and China lead this experiment, with America in coming in at third. In the period between the beginning of 2005 and the end of 2014, there was an average annual growth of 25.6 percent in this clean energy source. The U.S. Energy Information Administration (EIA) predicts that by 2030, the nation will derive 20 percent of its energy makeup from the wind.
Prominent leaders from agriculture’s diverse value chain issued an open letter to policymakers and presidential hopefuls attending the first ever Iowa Ag Summit, urging them to consider Iowa’s renewable energy record in wind, solar and biofuels as an example for clean energy policies for the nation.
Just hours after Gov. Terry E. Branstad of Iowa opened the gathering by exclaiming, “Don’t mess with the R.F.S.!” Mr. Bush said that both the Renewable Fuel Standard and the wind production tax credit eventually should be eliminated. Both federal subsidies enjoy significant support among Iowa’s political and industry leaders; the latter group underwrote the event where Mr. Bush outlined his views.
Former Texas Gov. Rick Perry is telling Iowa Republicans he’d prefer that states, rather than the federal government, handle energy subsidies.
Perry spoke at an agricultural policy forum in Des Moines Saturday that drew several 2016 GOP presidential hopefuls. Asked about supporting federal subsidies or tax credits for renewable fuels and wind energy, Perry said he philosophically felt that such decisions should addressed by the states.
Republican presidential hopeful Jeb Bush this weekend said he favors phasing out the wind industry’s production tax credit. The former governor of Florida told a crowd here Saturday that he would phase out the $23-per-megawatt-hour incentive over a period of three to five years. Wind power, he said, is “very close” to being competitive as an energy source and no longer needing the support provided by the tax credit. “Do it over a three- to five-year period,” Bush said. “Be certain about it: Say this is as long as we need to be competitive to create a diverse feedstock for power generation.”
Oregon Gov. Kate Brown (D) is asking the state Department of Justice to investigate a $12 million tax credit awarded to the Oregon Institute of Technology and Oregon State University for six solar arrays. That project has come into question thanks to an investigation by The Oregonian that found the state’s Department of Energy had relied on potentially phony documents when it approved the $11.8 million in tax credits in 2012. The tax credits amounted to half of the total cost of the project, which is owned by a series of limited liability companies.
How will the evolution of the utility industry converge with Clean Power Plan targets and natural gas policy? During today’s OnPoint, former Interior Secretary Ken Salazar discusses the challenges facing U.S. EPA as it crafts its final Clean Power Plan rule and the impact the plan could have on grid reliability. Salazar, now a partner at WilmerHale, also weighs in on expanding oil and gas development in the United States and the Interior Department’s proposed leasing expansions along the Atlantic Coast and in the Arctic.
The nascent U.S. energy storage market will “pick up speed” this year, more than tripling the installments from 2014, analyst GTM Research says in a report released today. There will be 220 megawatts installed in 2015, compared with 62 MW last year, the report says. This dwarfs the 40 percent gains seen between 2014 and 2013, which saw 44 MW of energy storage installed, says the GTM report done in collaboration with the Energy Storage Association.