Republican vice presidential candidate Paul Ryan on Wednesday backed nominee Mitt Romney’s opposition to extending a wind energy tax credit that is sacrosanct to Iowa voters, a position that could cost the Republican ticket support in this battleground state. “We think these tax credits are important to get industries up and running, but we don’t think they should continue on indefinitely. What we think would be more helpful for all renewable energies is to lower tax rates on businesses,” Ryan told Des Moines television station KCCI when asked whether he agreed with Romney that the credit should be allowed to expire at the end of the year.
Hitachi Zosen Corp., Toshiba Corp., JFE Steel Corp. and three other companies have teamed up to invest about $1.53 billion over a decade in offshore wind projects, according to a Japanese newspaper. The project is expected to produce 300,000 kilowatts of energy and could be located off the southern Japanese coast, the Nikkei newspaper reported.
Oregon Sen. Ron Wyden, who is almost certain to become the top Democrat on the Energy and Natural Resources Committee in the next Congress regardless of whether his party keeps the Senate majority, said today that he sees “a lot of opportunities for bipartisanship” in the years ahead.
Man-made global warming is happening, President Obama and Republican presidential nominee Mitt Romney agreed in answers released today on the independent website ScienceDebate, but neither candidate provided specifics about what kind of future policies would be needed to slow climate change or guard against its adverse effects.
Clean Line Energy, a Texas-based company, is planning to build 500 miles of power lines across Iowa and Illinois dubbed the “Rock Island Clean Line.” Officials from Clean Line were in Waterloo last week to meet with interested contractors to talk about the project’s needs.
Energy regulations will be key to congressional efforts to revive the U.S. economy, Minnesota Sen. Amy Klobuchar said today while also expressing disappointment that the White House has failed to pursue a national renewable energy standard. “When you start seeing energy as a solution to the economy, then you start looking at it differently,” the Democrat said during an energy efficiency event at the Democratic National Convention sponsored by the Echo Foundation and The Charlotte Observer and The Hill newspapers. Klobuchar touted her home state’s 2007 renewable energy standard and lamented what she called “missed opportunities” for a similar national program.
Researchers are testing wind speeds in the middle of Lake Michigan to evaluate whether it could serve as a location for offshore wind power generation. “We’re capturing some of the very first data,” said T. Arnold Boezaart, director of the Michigan Alternative & Renewable Energy Center at Grand Valley State University, the group leading the research. “The wind data that we’re bringing on shore — when I brought the first data cards on shore, I felt like I was bringing gold bullion.”
State regulators on Wednesday approved construction of a wind energy project and a natural gas processing plant in western North Dakota that will represent about $360 million worth of new construction. A subsidiary of Oneok Inc., an energy company based in Tulsa, Okla., intends to build a factory capable of processing about 100 million cubic feet of natural gas daily, the state Public Service Commission said.
A strategic tie-up between Mitsubishi Heavy Industries Ltd. and Vestas Wind Systems could help the struggling Danish wind turbine producer regain its financial security, Vestas said yesterday. The world’s biggest wind turbine maker has been facing sharp losses, fueling speculation the company may issue new shares or be bought out entirely. Yesterday, share prices rose 19 percent after news of the two companies’ talks.
The spate of layoffs that wind industry advocates have warned about has accelerated in recent weeks, with workers losing their jobs in key wind states such as Iowa and Colorado in a trend expected to continue at least into next year. The layoffs can be pinned in part on congressional foot-dragging around an expiring tax break for wind energy that the industry says must be extended beyond the end of this year. The growing number of people — many of whom are likely to cast ballots in November — who have lost or are in danger of losing jobs put a face on the consequences of Congress’ inaction