News

Another $1.6B offshore wind energy project planned off Hawaii’s waters

Source: By Duane Shimogawa, Pacific Business News • Posted: Wednesday, October 7th, 2015

Ted Peck, who once led Hawaii’s Energy Office, along with a former First Wind executive, plans to develop a $1.6 billion offshore wind energy farm for waters off Hawaii, the development team confirmed to PBN Tuesday. The 400-megawatt project located 10 miles southeast of Barbers Point in West Oahu mirrors another planned $1.6 billion offshore wind development by Denmark-based Alpha Wind Energy, which would also be located off Oahu waters, 17 miles south of Diamond Head and 12 miles northwest of Kaena Point. Alpha Wind’s 408-megawatt project, which would include more than 100 turbines at two sites,

California’s landmark renewable energy law to be signed on Wednesday

Source: By Paul Rogers and Louis Hansen, San Jose Mercury News • Posted: Wednesday, October 7th, 2015

In a milestone for reducing pollution and fossil fuel use, Gov. Jerry Brown will sign into law Wednesday a bill that requires 50 percent of California’s electricity to come from renewable sources like solar and wind by 2030. With huge new solar farms sprouting in the desert every few months and Silicon Valley driving much of the clean energy investment, the state now receives 25 percent of its electricity from renewables. Brown’s act to double that at a signing ceremony in Los Angeles, however, sets in motion a green energy transformation for California over the next 15 years on a scale larger than anything any state has ever attempted.

More wind power for Mower County MN

Source: By Rochester Post Bulletin • Posted: Tuesday, October 6th, 2015

After seven years of planning and construction, planners of the Pleasant Valley Wind Farm expect it to be completed later this month. The 200-megawatt wind farm project based in Hayfield will consist of 100 wind turbines — 88 in Mower County and 12 in Dodge County — and is expected to provide an estimated $950,000 in annual local tax revenue, split pro-rata between the two counties and townships.

Jobs being created through the winds of change

Source: By Mary Thompson, CNBC • Posted: Tuesday, October 6th, 2015

The Bureau of Labor Statistics expects the number of jobs for wind-techs, as they are known, to increase by 24 percent from 2012 to 2022, well above the average growth rate for all jobs of over 11 percent. Still, it’s starting from a small base. In 2012, there were 3,200 wind tech jobs; by 2022, it is expected to jump to around 4,000.

Bush adviser says repealing climate rule is a ‘straightforward’ possibility

Source: Evan Lehmann, E&E reporter • Posted: Tuesday, October 6th, 2015

C. Boyden Gray helped Jeb Bush’s father make regulations vanish in the early 1980s. Now he says it could be done to President Obama’s climate rules if the younger Bush wins the White House. Reversing the Clean Power Plan could begin in as little as 15 months, if Bush is elected, and the exercise would be “fairly straightforward,” Gray said in an interview this week. Bush said on Tuesday that he would stop the rule in its tracks.

Hundreds of companies urge Congress: Pass clean energy tax extenders now

Source: By American Wind Energy Association • Posted: Tuesday, October 6th, 2015

Just how many business voices and successful companies will it take before Congress decides to act and pass stable policy to help grow renewable energy in the U.S.? Over 580 companies helping to grow clean energies in the U.S. signed onto a letterthis morning urging Congress to pass clean energy tax extenders. These companies represent a broad cross section of renewable energy technology in the U.S.: wind energy, solar, biogas, biomass, geothermal, hydropower, waste-to-energy, fuel cells, renewable fuels, alternative fueled vehicles, combined heat and power, waste heat to power, and energy efficiency technologies.

California Leads a Quiet Revolution

Source: By BETH GARDINER, New York Times • Posted: Tuesday, October 6th, 2015

California is cruising toward its 2020 goal for increasing renewable energy and is setting far more ambitious targets for the future. Its large-scale solar arrays produced more energy in 2014 than those in all other states combined. Half the nation’s solar home rooftops are in the state, and thousands more are added each week. With its progressive politics, high-tech bent and abundant sunshine, California is fast ramping up its production of clean electricity, setting an example its leaders hope the rest of the country, and other nations, will follow as they seek to cut emissions of climate-warming carbon dioxide.

U.S. offshore wind industry feels momentum building as steel hits the water

Source: Camille von Kaenel, E&E reporter • Posted: Monday, October 5th, 2015

Backers of the U.S. offshore wind industry are hoping to build on recent momentum to crack the major financial and regulatory roadblocks that still remain before they can catch up with their thriving European counterparts. The image of a steel foundation being lowered into the ocean off the coast of Rhode Island this summer has become a sign of hope for the industry. Due next year, the small offshore wind farm developed by Deepwater Wind will generate 30 megawatts — peanuts compared with the more than 10 gigawatts already installed in Europe. The Block Island Wind Farm will be the first in the United States.

Offshore wind advocates try to broaden debate beyond straight economics 

Source: By Michael Copley, SNL • Posted: Monday, October 5th, 2015

After what one market participant described as a “tortuously” slow start, there are now more than 15,500 MW of offshore wind projects in various stages of development in the U.S., and federal regulators have leased enough ocean acreage to support the construction of projects totaling more than 5,500 MW, the U.S. Department of Energy said Sept. 29.

Berkshire Hathaway Said to Borrow $275 Million for Texas Wind

Source: By Brian Eckhouse, Bloomberg News • Posted: Monday, October 5th, 2015

Warren Buffett’s Berkshire Hathaway Inc. borrowed $275 million for a 300-megawatt wind farm in Texas that’s supplying power to Austin Energy, according to two people familiar with the deal. Mizuho Financial Group Inc. led the 10-year financing for the Jumbo Road wind farm, said the two people, who asked not to be identified because they’re not authorized to discuss the deal publicly. CoBank Financial Corp., Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Banking Corp. also participated. Pricing started at 162.5 basis points over the London interbank offered rate.