The Obama administration offered as much as $4 billion in loan guarantees today for clean and efficient energy and fuel projects, rejuvenating a program that not long ago was a political punching bag. The Department of Energy is making up to $4 billion in loan support available to foster technology and equipment for the grid, transportation and housing technologies that would curb emissions and complement President Obama’s climate initiative.
The offshore wind industry has been concentrated in Europe, where North Sea winds provide excellent power generation conditions. Support from government subsidies in Denmark, Britain and Germany has helped create global leaders among turbine manufacturers and offshore wind farm builders and operators here. But even as the industry embarks on an ambitious quest to significantly lower the cost of energy, wind power produced at sea still costs more than on land. And just as offshore wind is finally showing signs of life in other regions, like the United States and Japan, subsidies are being cut in Europe, raising worries about whether the industry will be able to grow and become self-sufficient.
Danish wind-turbine maker Vestas Wind Systems said its factories in Colorado will help fill an order from Broomfield-based Renewable Energy Systems Americas Inc. for 83 wind turbines. Vestas workers in Colorado will make towers, blades and nacelles for the project in Minnesota, the company said this week. The company has factories in Brighton, Windsor and Pueblo.
In a decision with far-reaching implications for the future of natural gas drilling in New York State, its highest court ruled on Monday that towns can use zoning ordinances to ban hydraulic fracturing, the controversial extraction method known as fracking. Since the issue arose about six years ago, there has been a statewide moratorium on fracking, and the State Health Department is currently studying its potential health effects. But in recent years some towns, worried that the state would eventually allow the practice, have taken matters into their own hands by banning fracking within their borders. Among them, two towns — Dryden, in Tompkins County, and Middlefield, in Otsego County — amended their zoning laws in 2011 to prohibit fracking, on the basis that it would threaten the health, environment and character of the communities.
Nearly 80,000 acres in Maryland will be auctioned for offshore wind development in August, federal and state officials announced today. Located about 10 nautical miles from Ocean City, Md., the Maryland Wind Energy Area will be auctioned Aug. 19 as two leases. The north area covers 32,737 acres, while the south area comprises 46,970 acres. If fully developed, the area would generate enough electricity to power 300,000 homes.
Rebecca Wagner was unanimously picked by members of an advisory group at the California Independent System Operator Corp. to lead an efforts to develop a governance structure for an energy imbalance market, or EIM, which will pool energy resources in parts of Idaho, Oregon, Utah, Washington and Wyoming. Wagner, who’s a member of the Public Utilities Commission of Nevada, would lead the advisory group, dubbed the Energy Imbalance Market Transitional Committee, made up of nine representatives nominated by regional industry stakeholders, as well as PacifiCorp and NV Energy — two companies that will take part in the market. NV Energy, notably, is the biggest authority in the state with its subsidiaries providing power to 85 percent of Nevada.
U.S. EPA will give commenters in four cities an additional day at the end of this month to make statements for or against its proposal for existing power plants. The agency had planned one-day hearings in Atlanta, Denver, Pittsburgh and Washington, D.C., for the last week of July, but it announced today that each session will now run for two days. The hearings in Atlanta, Denver and Washington will be held on July 29 and 30, and the one in Pittsburgh will run on July 31 and Aug. 1.
The Energy Department today announced a $150 million conditional loan guarantee for the Cape Wind project, a strong signal that the almost 15-year quest to build the first commercial offshore wind farm may soon cross the finish line. “The Department’s loan guarantees have assisted the launch of new industries in the U.S., and today’s announcement of a conditional commitment to the Cape Wind project demonstrates our intent to help build a strong U.S. offshore wind industry,” Energy Secretary Ernest Moniz said in a statement. The project would generate 360 megawatts of electricity — a tiny step toward the White House goal to deploy 54 gigawatts of offshore wind by 2030.
Global adoption of renewable energy shows no signs of slowing over the next 15 years, with nearly two-thirds of an expected $7.7 trillion in new investment going toward non-fossil power generation, according to new projections by Bloomberg New Energy Finance. In particular, major additions of solar and wind energy will continue to displace coal as a primary source of power generation across many of the world’s largest economies, while shale gas will remain a key factor in U.S. energy markets at least through 2024, BNEF said in the latest “2030 Market Outlook,” released this morning.
Nine states have joined to support Murray Energy Corp.’s litigation against U.S. EPA’s rulemaking to control greenhouse gas emissions from existing power plants. Filed last month in the U.S. Court of Appeals for the District of Columbia Circuit, Murray’s complaint accuses EPA of running afoul of the Clean Air Act’s plain language. “The ‘specific prohibition’ against EPA’s proposed rule is in the very statutory provision the agency cites as its authority,” says the brief from Alabama, Alaska, Kentucky, Nebraska, Ohio, Oklahoma, South Carolina, West Virginia and Wyoming.