The country’s largest nuclear plant operator, Exelon Corp., has publicly fought to torpedo the wind industry’s coveted production tax credits, calling them financial threats to its reactors in the Midwest. But the Chicago-based utility is also cashing in on those credits, known as PTCs.
Latin America is riding a surge in wind power installations due to robust energy demand growth in countries like Brazil and Mexico and government policies encouraging the adoption of renewable energy, according to a new report from Navigant Research.
Microsoft Corp. is moving to close the gap with other technology giants by agreeing to buy all the electricity produced by a Texas wind project to power one of its data centers. The deal represents the company’s first direct purchase of renewable energy: a 20-year deal to purchase the power produced by a 110-megawatt wind project 70 miles northwest of Fort Worth, Texas. The Keechi project, by Renewable Energy Systems Americas Inc., will begin construction early in 2014.
It appears that Christine Hanson is at it again with her recent attack on wind power on behalf of Americans for Prosperity, a group whose funding comes from energy industries which compete directly with wind. Unsurprisingly, the misinformation Hanson and her organization have spread concerning the wind energy Production Tax Credit (PTC) walks hand in hand with the typical agenda-fueled rhetoric we hear from other special-interest groups. When the facts are on the table, however, we find a very different story than the one presented by Hanson.
With a draft bill circulating in the Senate to limit U.S. EPA’s rules for new and existing power plants and court action on the agency’s new source proposal anticipated, what is the future of the Obama administration’s Climate Action Plan? During today’s OnPoint, Eileen Claussen, president of the Center for Climate and Energy Solutions, gives her predictions of how far EPA’s regulations might go and what the biggest challenges to the rules will be. Claussen, who recently announced she will be stepping down as president of C2ES, also talks about her next steps and most significant accomplishments.
In the span of a couple of days last week, two similar renewable energy standard bills were introduced in the Senate, creating the impression of momentum behind a legislative proposal that had been largely left for dead at the federal level. But that brief surge of activity is not expected to improve the effectively nonexistent chance of such a policy being signed into law anytime soon. Rather, the effort is aimed at keeping alive an idea that has garnered bipartisan support in the past while supporters look for opportunities to bolster their arguments that expanding renewable energy production can create jobs and reduce emissions that contribute to climate change.
As Congress works on a tax reform package that could take months to complete, it’s looking increasingly likely that the production tax credit, a key wind industry lifeline, will expire shortly after the end of the year — at least temporarily. That expiration could hurt the wind industry, which saw construction of new wind projects grind to a virtual halt this year amid uncertainty over the subsidy. The production tax credit gives wind power owners a tax credit of 2.3 cents for each kilowatt-hour of electricity they produce.
U.S. Interior Secretary Sally Jewell told attendees at an offshore wind power conference on Tuesday that Rhode Island and Massachusetts are playing key roles in the development of the nascent industry.”The region is off to a great start,” she said. “The load is here. The people are here. The water is here. There is great, great potential.” No offshore wind farms have been built so far in the United States, but developers have targeted the Atlantic Ocean waters off Rhode Island and Massachusetts for installation of what could be the nation’s first offshore wind turbines.
President Obama ordered the creation today of a high-level task force aimed at bolstering the roles of state and local governments in national preparation for the impacts of climate change. Obama’s executive order launches a 24-member task force including the governors of seven states and Guam and 18 officials from local and tribal governments. The panel will identify opportunities for “removing barriers to resilient investments, modernizing federal grant and loan programs to better support local efforts, and developing the information and tools they need to prepare,” the White House said.
U.S. EPA’s acting air chief shot back Friday at critics who have accused the agency of avoiding coal country when gathering input on a forthcoming carbon dioxide rule for existing power plants. Janet McCabe wrote in a blog post that the agency is “conducting unprecedented and vigorous outreach and public engagement with key stakeholders and the general public” ahead of proposing its guidance in June to curb CO2 from today’s power fleet.