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.
The Federal Energy Regulatory Commission’s monthly meeting in Washington, D.C., was disrupted today after climate activists opposed to the agency’s approval of natural gas projects tied to hydraulic fracturing refused to stop speaking. After trying at least twice without success to call the meeting to order, FERC Chairwoman Cheryl LaFleur called for an unscheduled recess to allow security guards to usher out a dozen or so Beyond Extreme Energy activists. They chanted, “FERC doesn’t work!” and “Stop fracking.”
Energy and environmental interests spent hundreds of thousands if not millions of dollars on federal lobbying last year. While Capitol Hill may have offered little in legislation to lobby on, the Obama administration proposed a number of controversial regulations that pitted powerful industries against each other in Washington.
The Interior Department today announced the release of an environmental assessment of a plan to lease up to 300,000 acres off the coast of North Carolina for the construction of offshore wind farms. The plan calls for leasing a 122,000-acre wind energy area about 28 miles off the coast of Kitty Hawk and two additional areas of 52,000 acres and 134,000 acres beginning about 12 miles off Cape Fear.
U.S. EPA for months has said it worked with grid overseers when crafting its landmark Clean Power Plan in order to protect grid reliability, but at least one member of the Federal Energy Regulatory Commission is publicly questioning the depth of that input. Republican FERC Commissioner Tony Clark told House and Senate Republicans in a letter this month that no commission members or agency staff had any “significant or meaningful role” in providing analysis to EPA on grid reliability on the Clean Power Plan, either before or after the proposal was released last summer.