Did President Obama’s State of the Union remarks on wind power’s leadership role indicate a shift in support for the production tax credit? During today’s OnPoint, Tom Kiernan, CEO of the American Wind Energy Association, explains why his industry continues to need the PTC, despite its global leadership. He also talks about his organization’s lobbying strategy for the Republican-controlled Congress.
Patience is both a virtue and professional necessity for Michael Skelly. More than five years ago, the CEO of Clean Line Energy Partners LP and his company began the process to eventually build something called the Plains and Eastern Clean Line. The project will be a 700-mile, 600-kilovolt, direct current transmission line bringing wind energy from the Oklahoma Panhandle, Texas and Kansas to electricity utilities in Arkansas and Tennessee. If all goes as planned, construction on the $2 billion Clean Line will begin next year and be operational by 2018.
Wind development has grown into a significant industry for the Nobles and Jackson County area. Revenue from the Wind Energy Production Tax this year was already 10 times higher than it was a decade earlier. Over that same period, more than $27.9 million has been paid to counties, townships and schools in the Nobles County and Jackson County area, including $8.9 million to those units in Nobles and Jackson counties alone.
State support for natural gas could hurt thriving local clean-energy industries PNM VIA AP/FILE 2014, This image provided by New Mexico power company PNM shows some of the more than five dozen giant turbines erected on a remote mesa in the state. MASSACHUSETTS WILL command the national stage next week when the Department of Interior auctions […]
Abengoa opened another mammoth plant on Friday in the Mojave Desert in California that uses the same approach. But despite the technology’s success, Abengoa and other developers say they do not have plans at the moment to build more such plants in the United States. And that is largely because of uncertainty surrounding an important tax credit worth 30 percent of a project’s cost. Although the subsidy, known as the Investment Tax Credit, is to remain in place until the end of 2016, when it will drop to 10 percent, that does not give developers enough time to get through the long process of securing land, permits, financing and power-purchase agreements, executives and analysts say.
U.S. President Barack Obama on Sunday offered to help finance India’s ambitious solar energy target and sought Prime Minister Narendra Modi’s support at global climate talks in Paris later this year. India is the world’s third-largest greenhouse gas emitter and often acts as the voice of the world’s developing countries in United Nations talks on everything from climate change to economic cooperation.
The strength of the U.S. wind industry is attracting the notice of the highest levels of government. In his State of the Union address, President Obama noted that the U.S. leads the world in wind generation. The fact that the U.S. is #1 – leading even China — comes from an analysis by EDF Renewable Energy executive Dr. James Walker. Wind energy is an American success story: the U.S. invented utility-scale wind farms, and by investing in them here in the U.S., we now have some of the best infrastructure this country has ever built.
U.S. wind power developers, racing against the year-end expiration of the federal production tax credit, worked at breakneck speed to install 4.7 gigawatts of wind power capacity in 2014, according to new figures released yesterday by Bloomberg New Energy Finance. The increased pace of development resulted in a 600 percent increase in U.S. installations over 2013 and solidified the United States’ status as the second-largest global wind energy market behind China, BNEF researchers found.
Jeff Wright, director of the Federal Energy Regulatory Commission’s Office of Energy Projects, is retiring at the end of February. Wright, who has been with the agency since 1979, will be replaced by Ann Miles, the office’s deputy director.
Study Finds Producing 40 Percent of Power from Renewable Energy in Minnesota Would Spur $6 Billion in Clean Energy Investments and Boost Rural Economies
Strengthening Minnesota’s renewable electricity standard to require that 40 percent of the state’s electricity comes from renewable sources, such as wind and solar, by 2030 would drive billions in new investment in clean energy generation in Minnesota at little additional cost to consumers, according to a study released today by the Union of Concerned Scientists (UCS). Minnesota’s current standard is 25 percent by 2025.