Wind

An agreement reached between the Virginia Attorney General’s office, Dominion Virginia Power, and Appalachian Power proposes to reduce financial incentives associated with the utilities’ generation of renewables and construction of new fossil fuel–fired power plants.

A long-sought extension of the wind energy tax credits are included in the “fiscal cliff” bill signed today by President Obama. Unlike past extensions, it allows the credit to cover wind farms that begin construction—not just those that begin operations—in 2013.

Global generating capacity is poised to soar by more than 72%, to 9,340 GW, by 2035 from 5,429 GW in 2011, despite retirement of about 1,980 GW, the International Energy Agency (IEA) forecasts in its World Energy Outlook 2012, released in November.

North American shale gas was supposed to realign the generation fleet here and abroad (thanks to anticipated exports) far into the future. Turns out, that’s not exactly how the near term is shaping up. Despite stagnant (and even putrid) economies and legislative bodies in the U.S. and EU, there promises to be sufficient market volatility to keep everyone alert.

Once you synthesize all the elements of the Golden State’s clean energy strategy and extrapolate current trends, it’s easy to see that an impending break with the traditional power generation paradigm is coming, intended or not.

Last week, as the broader debate over the "fiscal cliff" muted discussions over whether an extension to the wind production tax credit (PTC) should be granted, the top ranking executive of wind power lobby group the American Wind Energy Association (AWEA) last week announced her resignation.

Fuel for power generation will account for about 55% of demand-related energy growth through 2040, ExxonMobil forecasts in its freshly released annual energy forecast. Like several other forecasters, the Irving, Texas–based oil and gas company also predicts that natural gas will emerge as the leading source of electricity generation by 2040. Among key findings in […]

A new report commissioned by the Department of Energy (DOE) surveying offshore wind potential in the U.S. finds that establishing an offshore wind sector could drive more than $70 billion in annual investments by 2030. Citing that report, the DOE on Wednesday announced awards for seven offshore wind demonstration projects in Maine, New Jersey, Ohio, Oregon, Texas, and Virginia as part of efforts to launch a U.S. offshore wind industry and support offshore installations in state and federal waters for commercial deployment by 2017.

The American Wind Energy Association (AWEA), an industry trade group that has forcefully been lobbying for an extension of the production tax credit (PTC) that is set to expire on Dec. 31, on Wednesday asked congressional lawmakers to instead consider a future phase-out of its primary federal incentive. The group said that even if temporary, an extension of the performance-based market mechanism was critical "to allow the industry to invest in the cost-saving technologies required to finish the job."

U.S. Secretary of Energy Steven Chu announced on Oct. 30 that a multi-partner team led by Argonne National Laboratory in Illinois has been selected for an award of up to $120 million over five years to establish a new Batteries and Energy Storage Hub.