November 12 -- GCube, the leading provider of underwriting services for renewable energy projects, has launched an insurance solution to cover losses incurred by wind energy developers or contractors in the event of the cancellation of the Production Tax Credit (PTC). A key Presidential election issue, the potential non-renewal of the PTC for wind energy projects has caused the US wind energy industry to see a substantial slowdown in equipment orders and new projects slated for 2013. With investors increasingly nervous, project capital for new developments has become progressively harder to secure. GCube’s latest offering is designed to bolster market confidence for the remaining projects currently under development. >>View Article
September 12 -- Juhl Wind, Inc. (OTCBB: JUHL), the Leader in Community Wind Power is pleased to announce today that they are partnering with the Minnesota Vikings professional football team to provide renewable energy credits ("RECs"), generated by one of their operating wind energy facilities, to offset the electricity used at Mall of America Field at the Hubert H. Humphrey Metrodome for all Vikings' home games during the 2012-2013 season. >>View Article
Originally published in the National Journal's Energy Experts Blog
By Vice Admiral Dennis McGinn
President of the American Council On Renewable Energy
It is important to address our country’s fiscal issues by promoting economic productivity in the short term while reducing the deficit over the long term as I mentioned in my last week’s Energy Experts blog post. It’s fundamental to an overall healthy economy to extend key tax credits that create American jobs and generate private investment, and the PTC is one of the important tax credit programs.
By ACORE CEO and President, Vice Admiral Dennis V. McGinn
During the final sprint to Election Day, Americans will hear political leaders point fingers as they attempt to explain why the U.S. is experiencing slow domestic job growth. We will hear versions of an “all of the above” energy strategy, versions that may not in fact fairly embrace all of our domestic energy resources. Evidence of the lack of consistent support for all sources of energy abounds in Congress’s failure to extend the Production Tax Credit (PTC) even as the wind industry has been making significant gains in previous years. If leaders of any party want to truly establish “all of the above” energy strategy that embraces all sources of energy--natural gas, fossil fuels, and renewable energy--on a level playing field, the PTC must be extended.
With an industry tax credit in jeopardy and new projects at a virtual standstill in the U.S., you might have expected the wind industry to come limping into RETECH2012. Instead, the audience heard from a sector that’s honing in on what it can control -- namely cost reductions and innovation.
“We haven’t placed any orders for turbines for 2013,” said First Wind’s Julia Bovey in the opening remarks. That’s been the norm in 2012 for wind developers and turbine manufacturers as utilities and power purchasers have adopted a wait-and-see approach when it comes to the Production Tax Credit (PTC).
August 2 -- With the addition of another wind farm in North Dakota, the Duluth-based utility expects to meet its mandate 10 years early. Another Minnesota utility is investing in wind power to take advantage of its current low cost and an extended federal tax credit. >>View Article
July 26 -- When it comes to renewable energy, Californians hear a lot about solar power. Massive solar power plants are under construction in the desert and will soon be online. Solar panels adorn the roofs of a growing number of homes and commercial buildings. PG&E alone has 90,000 solar customers. Gov. Jerry Brown recently spoke at Intersolar, the solar trade show that met in San Francisco this month, and the state's solar industry lobby is increasingly influential. >>View Article
July 18 -- Xcel is on a wind roll. Days after announcing a subsidiary’s plans to purchase nearly 700 megawatts of wind power for customers in New Mexico and Texas, the company – thought not long ago to be going soft on wind – turned its attention to the Upper Midwest, telling regulators it wanted to add 600 MW of power from three planned wind-farm projects in North Dakota and Minnesota to its portfolio. >>View Article
July 17 -- The utility says three planned wind farms in Minnesota and North Dakota are so competitively priced that they will save customers $180 million over the projects’ lives. >>View Article