Cape Wind, the much-delayed offshore wind farm project proposed for Nantucket Sound, said Wednesday that it had received a new loan commitment that would allow it to finish its financing this fall and begin producing power by 2016. “We expect to complete project financing in Q3,” Mark Rodgers, a spokesman for Cape Wind, wrote in an email, referring to the third quarter. “We will begin construction (on land) shortly thereafter. We will begin ocean construction in 2015 and commission the project in 2016.”
The University of Delaware yesterday announced a new initiative to educate policymakers and other stakeholders about the value of offshore wind, ultimately aiming to aid the commercial-scale deployment of the technology off America’s shores. Called the Special Initiative on Offshore Wind (SIOW), it will be housed by the University’s College of Earth, Ocean and Environment and headed by Stephanie McClellan, formerly policy director and offshore wind adviser for Delaware Gov. Jack Markell (D). “It’s our goal to help accelerate the deployment to a scalable level necessary to address the grand challenge of global climate change and to grow our domestic clean energy economy,” said Charles Riordan, the University of Delaware’s vice provost for research, at yesterday’s announcement.
In releasing his long-awaited tax reform proposal that would cut most incentives for the energy industry, House Ways and Means Chairman Dave Camp was apparently eager to frame them as little more than wasteful giveaways to well-connected industries. Recipients of those deductions were quick to paint the Michigan Republican’s proposal as a dicey endeavor that risked halting the domestic energy renaissance and reversing long-standing policy goals.
House Ways and Means Chairman Dave Camp released his highly anticipated proposal to overhaul the tax code today, aiming to eliminate lucrative tax breaks that touch all energy sectors within a broader draft targeting economywide preferences in pursuit of a lower overall tax rate. The proposal is similar to drafts issued last year by then-Senate Finance Chairman Max Baucus. But in the energy space, at least, early indications are that the draft from Camp (R-Mich.) would be more favorable to oil and gas companies and less favorable to renewable energy firms than ideas offered by the Montana Democrat.
Hurricanes are unstoppable, right? Apparently not. An intriguing new computer simulation shows that 78,000 large wind turbines spread across 35,000 square kilometers of ocean outside of New Orleans would have cut Hurricane Katrina’scategory 3 winds at landfall by 129 to 158 kilometers per hour (80 to 98 miles per hour) and reduced the storm surge by 79 percent. The same collection of turbines offshore of New York City would have dropped Hurricane Sandy’s winds by 125 to 140 kph and the surge by up to 34 percent.
Senate Democrats said yesterday that now is the time to lay the foundation for future climate change legislation and international action to address emissions. Sen. Ed Markey (D-Mass.), one of the chamber’s newest members, though a veteran of the congressional climate wars, will host a meeting on Capitol Hill tomorrow with more than 100 international legislators who hope to take action domestically to pave the way for an international agreement on climate change in Paris late next year.
The White House intends to act on solutions for combating methane emissions and promoting energy finance as part of its efforts on climate change and a comprehensive federal energy strategy, top officials in the Obama administration said today.
Despite the fact that lawyers were given a narrow question to answer, yesterday’s oral arguments to the Supreme Court touched on all aspects of the ongoing challenge to U.S. EPA’s authority to regulate greenhouse gas emissions through construction permits for large-emitting facilities. It also included a reference to bubblegum, a nod to a tobacco industry case and questions about EPA’s upcoming standards for new and existing power plants.
Houston, Texas-based energy transmission company Clean Line Energy Partners and its subsidiary, Rock Island Clean Line, announced here last week a pact whereby Sabre Industries would be the preferred supplier of massive power poles for the proposed Rock Island high voltage direct current (HVDC) power line from O’Brien County in NW Iowa to the 765 kV AC Commonwealth Edison substation in Grundy County, Ill
The next big Texas energy boom does not involve tight gas formations in the Barnett Shale, or deepwater oil and gas in the Gulf of Mexico. While fossil resources continue to draw high interest from energy developers and investors in the Lone Star State, Texas’ hottest energy prospect is wind power in West Texas and the Panhandle. That’s where a new surge of wind farm development, estimated at 7,500 megawatts of new generation over the next three years, should convert once-sleepy places like Amarillo, Plainview and Lubbock into renewable energy boomtowns.