The U.S. wind energy sector could add as much as 20,000 megawatts of new generation between 2012 and 2016 as developers take advantage of new Treasury Department rules that make new wind farms eligible for federal tax benefits through the end of 2013. The projections, released yesterday by the Department of Energy’s Energy Information Administration, account for January’s extension of the production tax credit for wind power and subsequent guidance from the Internal Revenue Service giving clear direction to developers on how a project must qualify for the PTC.
“The way I look at it is that this natural gas boom is a boon,” Moniz said during a town hall session yesterday that was posted in a video on his Facebook page. “The key is that buying time is not very useful if you don’t use the time,” he said. “It means pushing hard on those other technologies, on the renewable technologies. This is the time to get those ready for the marketplace on a big scale. So, this is the decade, I believe the crucial decade, for us to accomplish that,” Moniz said.
A plan aimed at attracting wind-energy farms to Nebraska is headed to a final vote in the Legislature. Lawmakers gave second-round approval Tuesday to the bill that would extend sales tax exemptions to wind-energy companies. One firm, TradeWind Energy, has expressed interest in developing a wind farm in Dixon County near the Iowa and South Dakota border.
Gov. Paul LePage is withholding support for a compromise bill being worked out by the Legislature’s Energy Committee that’s aimed at expanding Maine’s natural gas infrastructure, boosting funding for energy efficiency, directly lowering businesses’ electricity costs and making it more affordable for residents to abandon oil heat. LePage won’t support the bill unless it also requires wind developers prove their projects will lower electricity costs in order to receive state approval and raises the 100-megawatt limit energy generation facilities must meet so they can count toward the state’s renewable energy goals, according to Patrick Woodcock, who directs LePage’s energy office.
The extension of a key tax credit at the beginning of this year will provide a significant boost in renewable energy installations –- especially from wind -– for the next few years, the Energy Information Administration said today. Congress in January extended the production tax credit through the end of this year and expanded its eligibility requirements for all eligible projects, requiring they must simply begin construction by Dec. 31 rather than requiring them to be complete by the deadline.
The Obama administration has an unprecedented opportunity in the next four years to expand renewable energy, according to a new report by the Wilderness Society that lays out recommendations for building a lasting policy framework to ensure President Obama’s clean energy goals are met in an environmentally responsible way. The Wilderness Society’s “blueprint for action,” set to be released today, applauds the work already done by the administration to promote renewables development on federal lands. But the report concludes that “long-term success requires a relentless focus on cementing those gains and tackling remaining challenges.”
While North America, China and Western Europe remain the world’s largest producers of wind energy, the sector is seeing its fastest growth in emerging markets, including Eastern European countries like Romania, Poland and Ukraine, and in two of Latin America’s economic powerhouses: Argentina and Brazil. Those are the latest findings from the World Wind Energy Association, which advocates for wind energy development from its headquarters in Bonn, Germany.
As debate looms on legislation that could lead to Nebraska getting a $300 million wind farm, Republican Gov. Dave Heineman reiterated his opposition Monday to the tax breaks that could pave the way for the project.
Like President Obama, the Democratic governors of Oregon and Washington, John Kitzhaber and Jay Inslee, are committed warriors in the fight against climate change. But also like the president and the dilemma he faces over the Keystone XL oil pipeline, both chief executives have yet to take a firm stance for or against what environmentalists see as a key threat to global climate — increased coal exports from the United States to energy-hungry markets in Asia.
Over the past few years, Wisconsin’s wind industry has faced an unreasonable number of obstacles, more than any other form of energy production, nearly grinding the job- and energy-creating potential of this critical sector to a halt. If Wisconsin is going to move its economy forward, it needs to stop pushing back and open the door to clean, renewable wind energy. Fortunately, the door has started to creak open.