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Editorial: Timing is Wrong to Take Away Subsidy For Wind Power

April 18 -- The national transition away from fossil fuels and toward an increasing reliance on power from the wind and sun has been becalmed by the expiration of the Production Tax Credit, a 2.3 cents per kilowatt hour subsidy granted wind power generators.

Some argue that the subsidy, first offered in the 1990s to stimulate the development of alternatives to coal and oil energy, has outlived its usefulness. It’s time, they say, for power from wind turbines to compete in the marketplace on an equal basis with other sources, including natural gas. We say, not yet. >>View Article

Obama Touts Solar Power

April 18 -- President Barack Obama challenged companies Thursday to expand their use of solar power as part of his ongoing effort to leverage the power of his office to achieve goals that have been stymied by Congress. The new initiative comes as the White House hosted a Solar Summit aimed at highlighting successful efforts on the local level to speed the deployment of solar energy. >>View Article

Obama to Challenge Private Companies to Boost Solar Power Use

April 17 -- President Obama will challenge companies Thursday to expand their use of solar power, part of his ongoing effort to leverage the power of his office to achieve goals that have been stymied by Congress. The new initiative comes as the White House is hosting a Solar Summit aimed at highlighting successful efforts on the local level to speed the deployment of solar energy.

Although some large solar plants are coming online and it is the fastest-growing source of renewable energy in the United States, according to the U.S. Energy Information Administration, it accounts for roughly 1 percent of the nation’s electricity generation. >>View Article

U.S. Energy Dept Plans $4 Billion in Loan Aid for Renewable Energy

April 17 -- The U.S. Energy Department on Wednesday unveiled a plan for up to $4 billion in loan aid for renewable energy companies to help rejuvenate a program that faced harsh political attacks over past failures of federally subsidized projects.

The Obama administration's draft plan would provide loan guarantees for innovative projects that limit or avoid greenhouse gas emissions. >>View Article

New Wind, Solar Power Cheaper Than Nuclear Option, Study Shows

April 17 -- New wind and solar plants generate cheaper low-carbon electricity than the latest nuclear reactors, a study shows, indicating they will lead a global push for green energy.

Newly built wind and solar with natural-gas as a backup can make power a fifth cheaper than nuclear backed by gas, the study by consultant Prognos AG shows. Excluding the backup generation, renewables produce power 50 percent cheaper than nuclear, according to the study. Gas-fired power may be used when demand exceeds generation available from wind and solar. >>View Article

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