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, 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.
Two new studies make the case that rooftop solar can be a net benefit to ratepayers, despite concerns from some utilities that say it hurts their business model. The papers are the latest volleys in a raging fight about the economic impacts of rooftop solar and other distributed resources like energy efficiency.
It’s tough to argue with free. That’s why the no-money-down solar lease became the most popular choice for U.S. rooftop power. Now, though, the equation is changing. Falling costs are making it easier for consumers to buy solar systems outright, and banks and solar installers are promoting loans with no upfront payments. That’s a threat to companies such as SolarCity Corp., Sunrun Inc. and Vivint Solar Inc., which built their businesses on people signing decades-long contracts.
The power industry upheaval is playing out in more than a dozen states that deregulated their electricity markets, opening their borders to competition, over the past two decades. In those locations, owners of aging generators are particularly vulnerable as the average wholesale power price has dropped by about half since 2008. In response, electricity providers in places like Ohio and New York are asking for millions of dollars to keep their units running.
Riding high on last year’s congressional extension of the production tax credit, the U.S. wind energy sector must now focus on reducing costs to remain competitive with other fuels like natural gas and solar, industry leaders told a national meeting of wind power officials gathered here this week. In an address marking its achievements but also cautioning against complacency, Chris Brown, the president of Vestas Americas and incoming board chairman of the American Wind Energy Association, challenged his colleagues to “bend the arc of human history” by making wind energy the “obvious choice” to meet rising U.S. electricity demand after 2020.
Earlier yesterday, Senate Energy and Natural Resources ranking member Maria Cantwell (D-Wash.) signaled she’s not ready to support going to conference. “I’m not going to conference on this as is without some discussion,” she told E&E Daily, citing the multiple veto threats against various House-passed bills that were folded into the bill last weekend
The House is on track to pass a $37.4 billion fiscal 2017 energy and water spending bill today, after adding contentious riders aimed at limiting the U.S.-Iran nuclear deal and addressing rights for LGBT individuals.
WINDPOWER 2016 is off to a hopeful start. WINDPOWER 2016 kicked off yesterday with high hopes and strong optimism, as a host of industry leaders highlighted U.S. wind’s successes over the past year and great future potential.
Following the multi-year PTC extension passed by Congress last year, the American wind industry scored another huge win this month when the Internal Revenue Service (IRS) issued updated guidance on what developers must do to qualify projects for the tax credit. Previously, as long as developers entered physical construction or “safe-harboured” a project by investing 5% of the budget in a year in which the PTC was live, they then had two years to bring it to completion while still qualifying for the tax credit.