The developer of what could become the nation’s first offshore wind farm today announced an agreement with a Japanese bank to help finance the multibillion-dollar project. Cape Wind Associates called the term sheet agreement with Bank of Tokyo-Mitsubishi UFJ (BTMU) a “financing milestone” for the 468-megawatt, 130-turbine farm off the coast of Cape Cod, Mass.
An Iowa Senate subcommittee surprised utility groups and clean energy supporters alike earlier this month when it unanimously passed a bill that would establish a statewide feed-in tariff for small wind projects. It’s the first time the perennial proposal has ever been cleared for a full Senate vote.
Gov. Martin O’Malley achieved a long-sought victory Monday night as the General Assembly gave final approval to his bill to encourage development of a wind energy industry featuring dozens of giant turbines off the state’s Atlantic coast. Passage came quickly and quietly when the House of Delegates agreed without debate to relatively minor changes the Senate had made. The final vote was 88-48. The legislation now goes to O’Malley’s desk for his signature.
It took more than a decade for Cape Wind, a 468-megawatt offshore wind project destined for the Nantucket Sound, to find its way through an unfinished regulatory labyrinth of government permits and sign-offs. Now, with developments up and down the Eastern Seaboard paving the way for a raft of new offshore wind projects, regulators, analysts and a nascent industry are looking for ways to expedite the process.
Unless you’re talking about motherhood and apple pie, it’s nearly impossible to get 80 percent of voters to agree on anything. Well, you can add clean energy to the list. According to a poll released last month by Fallon Research, nearly 80 percent of Ohio voters support laws requiring the state to produce a portion of its electricity from clean energy sources like solar and wind.
Yesterday was another good day for Kansas and the Renewable Portfolio Standard. The Renewable Portfolio Standard (RPS) ensures that Kansans receive a certain percentage of renewable energy like wind and solar in their electricity mix, culminating in 20 percent renewable energy by 2020. Upon a second review, the House Energy and Environment Committee voted 10-9 to table House Bill 2241, which would have completely repealed the 20 percent target of the RPS.
Anti-tax conservative Grover Norquist attempted to convince Kansas legislators Thursday to support a bill to weaken a state law requiring utilities to draw 20 percent of energy from renewable sources by 2020. Subsequent votes by the House and Senate suggest lawmakers, at this time, weren’t impressed. Norquist, president of Americans for Tax Reform, said the Legislature ought to abandon the “costly renewable energy mandate so as to mitigate its negative impact on the economy.”
Governors’ Wind Energy Coalition Finds Smart Energy Laws Spur Investments and Create Jobs Washington, D.C. – The Governors’ Wind Energy Coalition today released an analysis showing the positive impact of smart energy laws across the nation, including $25 billion worth of investment in wind energy alone and the creation of thousands of jobs. The report […]
Letter Outlines Steps to Strengthen Nation’s Wind Energy Development WASHINGTON, DC —In a letter to President Obama, the Governors’ Wind Energy Coalition has outlined key administrative actions that will advance the nation’s wind energy development and economic potential. The Governors’ Wind Energy Coalition is a bipartisan group of governors and provides regional and national leadership […]
An Iowa City industrial park that the city has spent millions to develop sits empty, nearly two years after a Maryland-based wind turbine company announced it would build an $85 million plant and employ nearly 200 people there.
Nadicom, or North American Ductile Iron Co., announced in April 2011 that it would build an iron foundry on the site that would support 175 jobs. But the foundry never materialized.