Wednesday, September 25, 2013

IRS Reveals Additional Wind PTC Guidance

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Date: Sep 25, 2013 5:36 AM
Subject: IRS Reveals Additional Wind PTC Guidance
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Up Front
IRS Provides Certainty For Wind Developers To Move Forward With PTC-Eligible Projects
on 23 Sep 2013 by Mark Del Franco
The Internal Revenue Service (IRS) has moved to further spell out the requirements for wind developers to qualify for the production tax credit (PTC), including a solution to one of the program's most confusing aspects. On April 15, the IRS ruled that to qualify for the PTC, project developers must [read more]
Latest News
Heads Up: Coalition Calls On Congress To Vote Against Wind PTC Extension
on 24 Sep 2013 by NAW Staff
Americans for Prosperity, which describes itself as "the nation's largest free-market grassroots organization," and 23 other groups have jointly released an open letter calling on Congress to block an extension of the production tax credit (PTC) for wind energy. "The wind energy industry clearly has little to show for 20 [read more]
EPA Proposes Pollution Regulations For New Power Plants
on 24 Sep 2013 by NAW Staff
In an effort to cut carbon pollution and combat climate change, the U.S. Environmental Protection Agency (EPA) recently proposed Clean Air Act standards for new natural gas and coal-fired power plants. According to the EPA, power plants are the largest concentrated source of emissions in the U.S., accounting for roughly [read more]
Toshiba Corp. Enters Wind Development Business
on 24 Sep 2013 by NAW Staff
Toshiba Corp. has announced that it will enter the wind development space by acquiring Sigma Power Janex Co. Ltd., a subsidiary of Janex Co. Ltd. that operates wind farms in Kyushu, Japan. Following completion of the acquisition, which is scheduled for this November, Sigma Power Janex Co. Ltd. will become [read more]
Tri Global Energy Announces 1.1 GW Community Wind Farm In Texas
on 24 Sep 2013 by NAW Staff
Texas-based Tri Global Energy has announced the creation of Hale Community Energy LLC (HCE), a community-sponsored wind farm with the potential to produce 1.1 GW of electricity. HCE is a partnership comprising Tri Global Energy projects, including Hale County Wind Farm LLC, CottonWind Farms LLC, Lakeview Wind Farms LLC and [read more]

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GDF-EDP Consortium Taps French Developer For Offshore Wind Tender
on 24 Sep 2013 by NAW Staff
GDF SUEZ and EDP Renewables recently signed an agreement with French developer Neoen Marine under which the companies plan to submit a joint response to the public tender for offshore wind power generation in France. The consortium is made up of GDF SUEZ (47%), EDP Renewables (43%) and Neoen Marine [read more]
JCM Capital Closes Development Financing For Lake Erie CleanPower Connector
on 24 Sep 2013 by NAW Staff
JCM Capital, a Canada-based private equity firm, has closed development financing for the Lake Erie CleanPower Connector, an underwater high-voltage direct-current (HVDC) transmission project designed to connect Ontario to Pennsylvania. Lake Erie Power Corp. (LEPC), an independent energy transmission developer, announced the project plans earlier this month. According to LEPC, [read more]
Massachusetts Utilities File 565 MW Wind Energy Plan
on 23 Sep 2013 by NAW Staff
Massachusetts' four utility companies have jointly filed contracts with state regulators for a total 565 MW of wind energy. According to the Gov. Deval Patrick administration, if approved, the deals would represent the largest procurement of renewable energy in New England. Northeast Utilities, which owns and operates NSTAR and Western [read more]
GMP And Regulators Reach Bat Protection Agreement For Vermont Wind Farm
on 23 Sep 2013 by NAW Staff
The Vermont Agency of Natural Resources and Green Mountain Power (GMP) have agreed on a plan through which the utility will minimize the incidental taking of endangered bats at its 63 MW Kingdom Community Wind plant, as well as provide $18,438 annually to bolster Vermont's bat conservation efforts. These terms [read more]
Iberdrola Wins Lease Bid For Proposed 1 GW Wind Farm In New Mexico
on 23 Sep 2013 by NAW Staff
Iberdrola Renewables has won the commercial lease bid for a proposed wind energy project that could ultimately generate 1 GW of electricity and would be located on 33,600 acres of State Trust Land in Torrance County, N.M. According to the New Mexico State Land Commission, the proposed El Cabo project [read more]
Vestas Receives 20 MW Wind Order For French Project
on 23 Sep 2013 by NAW Staff
EOLE-RES has signed an agreement to construct a wind power plant in France using 10 V100-2.0 MW turbines. Vestas notes the Haut Chemin project will be the customer's 15th wind power plant with its turbines. The contract includes delivery, installation and commissioning of the wind power plant, as well as [read more]
Abengoa To Develop 70 MW Wind Farm In Uruguay
on 23 Sep 2013 by NAW Staff
Abengoa has been selected to build and operate a new 70 MW wind farm in Palomas, Uruguay. The project is planned to comprise 35 2-MW wind turbines, and construction is scheduled to start in early 2014, with an approximate duration of 14 months. The company will be responsible for the [read more]
Connecticut Boosts Renewables Portfolio With Commitment To 250 MW Wind Project
on 23 Sep 2013 by NAW Staff
Gov. Dannel P. Malloy, D-Conn., has announced that two renewable energy projects - a 250 MW wind farm in Maine and a 20 MW solar installation in Connecticut - have been selected to help power the state's electricity grid. The projects have signed long-term contracts with Connecticut's two major electric [read more]
Vestas And RES Americas Credit PTC For New Wind Deal In The U.S.
on 20 Sep 2013 by NAW Staff
In a deal that highlights the importance of the production tax credit (PTC), Vestas has received a 60 MW order from affiliates of Renewable Energy Systems Americas Inc. (RES Americas) to be used for wind energy projects in the U.S. Ultimately, Vestas says it could supply RES Americas up to [read more]
Report Highlights The Rise Of Renewable Energy
on 20 Sep 2013 by NAW Staff
The quantity of renewable energy in the U.S. has been steadily on the rise for the past 15 years, experiencing exponential growth in 2012, according to a new report from Colorado-based Renewable Choice Energy. For example, the report says total U.S. wind power capacity has increased from a single gigawatt [read more]
Siemens Wins 32.1 MW Wind Turbine Order In Peru
on 20 Sep 2013 by NAW Staff
Siemens has received a 32.1 MW order from Spanish wind developer Cobra Energia for the supply, delivery and commissioning of 11 wind turbines at a project in Peru. Siemens notes that this deal marks the company's first wind turbine order in the country. The wind project will consist of eight [read more]
First Wind Donates $15,000 To Support Host Community In Maine
on 20 Sep 2013 by NAW Staff
Boston-based developer First Wind has donated $15,000 to the Friends of Bigrock, which was formed to support the Bigrock Mountain community ski area in Mars Hill, Maine. First Wind built and operates the 42 MW Mars Hill Wind project. The wind farm, located on the same mountain as the ski [read more]
Schneider Closes First Phase Of Ontario Wind Farm Sale
on 20 Sep 2013 by NAW Staff
Schneider Power Inc. has closed Phase 1 of the sale of its 10 MW Trout Creek wind project to an unnamed party. Quantum Fuel Systems Technologies Worldwide Inc., Schneider's parent company, previously announced plans to sell off all of Schneider's wind power assets. The sale of the Trout Creek project, [read more]
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