News

Tax fear for Wyoming giant

Source: By Renewable Energy News • Posted: Tuesday, May 31st, 2016

A proposal to raise Wyoming’s wind-generation tax could disrupt plans to build the massive 3GW Chokecherry and Sierra Madre project. The Power Company of Wyoming (PCW) planned to start roadwork later this year, however, increasing the wind tax would make it impossible for the project to compete on price with other wind or solar projects, PCW president Bill Miller said in a letter to the Casper Star Tribune. Wyoming is the only state with a generation tax and wind already pays more than either coal or gas. Coal and gas plants pay about $1.77 to $3.49/MWh while the CCSM project would pay $3.91/MWh under current tax laws, said Miller.

U.S. Cuts Funding for Offshore Wind Projects in Oregon, Virginia

Source: By Joe Ryan, Bloomberg • Posted: Tuesday, May 31st, 2016

The efforts were among a handful of projects the Department of Energy has supported since 2012 to explore offshore wind power in the Great Lakes, Gulf of Mexico and the Atlantic and Pacific oceans. In a statement Friday, the department said it would continue funding three projects, in Lake Erie, New Jersey and Maine, that had demonstrated “significant progress.” Dominion said the Energy Department cut funding because the company couldn’t guarantee a start date before 2020.

Trump raises environmental concern with call for more drilling

Source: By Donnelle Eller, Des Moines Register • Posted: Friday, May 27th, 2016

Even while calling for an all-of-the-above energy approach, Trump called wind and solar energy “very expensive.” “Without subsidy, wind doesn’t work,” he said. But John Boorman, vice president of the Iowa Wind Energy Association, said all sources of energy get subsidies, including billions of dollars annually for the oil industry.

Donald Trump’s Energy Plan: More Fossil Fuels and Fewer Rules

Source: By ASHLEY PARKER and CORAL DAVENPORT, New York Times • Posted: Friday, May 27th, 2016

Mr. Trump said that in his first 100 days in office, he would “rescind” Environmental Protection Agency regulations established under Mr. Obama to curb planet-warming emissions from coal-fired power plants. “Regulations that shut down hundreds of coal-fired power plants and block the construction of new ones — how stupid is that?” Mr. Trump said.

Guess Which State Towers Over All the Others on Wind Energy?

Source: By Jeff Turpentine, NRDC • Posted: Friday, May 27th, 2016

Earlier this week, in Iowa, something really big happened. It’s fitting that the tallest wind turbine ever to be built on American soil would be built in Iowa—the state that blows all the others away when it comes to investing in this clean, renewable energy source. Iowa was the first state to pass a renewable portfolio standard (RPS) back in 1983; since then, it’s become the country’s undisputed leader in pursuing wind energy.

Trump Uses Energy Speech to Outline General Election Pitch

Source: By Michael Biesecker, Erica Werner and Julie Pace, Associated Press • Posted: Friday, May 27th, 2016

And at an event in Iowa, one of the nation’s top wind-farm states, Trump also offered grudging support for a federal tax credit for wind energy. While calling wind turbines “very, very expensive” to build and maintain, Trump said he is “OK” with subsidies. “I don’t think they work without subsidy, which is a problem,” he said. Trump also supports the corn-ethanol mandate, which is hugely popular in Iowa and other Midwest states.

‘Get out of the way’ of energy producers, Trump tells feds

Source: Jennifer Yachnin, E&E reporter • Posted: Friday, May 27th, 2016

Trump also criticized solar and wind energy production as “very expensive” and asserted that wind energy production is too much of a threat to birds. “Wind is killing all the eagles,” Trump said, later adding that wind “doesn’t work with a subsidy.”

Trump preaches energy wealth to the industry choir

Source: Jennifer Yachnin, E&E reporter • Posted: Friday, May 27th, 2016

Trump framed his vision — including a “100-day action plan” that would roll back environmental regulations implemented by the Obama administration targeting carbon emissions and clean water — not only in terms of job creation but as an economic stimulus plan that would create new funds for roads and bridges, as well as schools and even Social Security

Lawmakers not ready to give up on energy and water bill

Source: George Cahlink, E&E reporter • Posted: Friday, May 27th, 2016

Senior appropriators are frustrated over the unexpected defeat of the House’s energy and water spending yesterday, but they also believe there’s a chance the measure will still make it to the president’s desk. The House rejected the $37.4 billion H.R. 5055 after two days of debate that had seemingly put it on a path to final passage. But 130 Republicans, frustrated over a provision aimed at barring discrimination of lesbian, gay, bisexual and transgender workers by federal contractors, sided with all but six Democrats, who opposed spending levels and policy riders, to defeat the bill with almost no advance warning.

Dong Energy May Be Valued at Up to $16 Billion in I.P.O.

Source: By CHAD BRAY, New York Times • Posted: Thursday, May 26th, 2016

Dong Energy, the Danish utility and the world’s largest offshore wind energy operator, said on Thursday that it could be valued at up to 106.5 billion Danish kroner, or about $16 billion, in its initial public offering in Copenhagen next month. The company unveiled plans this month to list its shares on Nasdaq in Copenhagen, after saying in September that it would pursue a public offering of shares after a review.