Friday, February 14, 2014

Five Keys To Project Bankability; Wind Power's Positive Effect On Electric Bills

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Date: Feb 14, 2014 5:42 AM
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Solar Industry Magazine
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Up Front
Five Key Factors That Affect Wind Farm Bankability
on 13 Feb 2014 by Dennis McKinley
The levelized cost of energy (LCOE) of wind power is rapidly gaining equilibrium with other energy sources, making it one of the most attractive options for utilities and developers looking to increase the penetration of renewables in their portfolio. However, the LCOE of wind can vary widely from project to [read more]
AWEA Report: Wind Energy Reduces Consumers' Electricity Bills
on 13 Feb 2014 by NAW Staff
Wind power is keeping electricity bills low for U.S. homes and businesses, thanks to plummeting wind energy costs driven by technological improvements, finds a new white paper from the American Wind Energy Association (AWEA). The group says the report uses publicly available data and more than a dozen studies from [read more]
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Latest News
Incoming Senate Finance Chairman Signals Plans For PTC Extension
on 13 Feb 2014 by NAW Staff
The incoming chairman of the U.S. Senate Finance Committee says working to renew a slew of expired tax breaks, including the production tax credit (PTC), will be one of his first priorities when he takes office. Sen. Ron Wyden, D-Ore., is slated to take over the powerful role for former [read more]
NGP Texas Breaks Ground On 400 MW Wind Farm
on 13 Feb 2014 by NAW Staff
New Generation Power Texas LLC (NGP Texas) has begun the first phase of construction on a 400 MW wind farm. The newly formed subsidiary of Chicago-based New Generation Power notes it started construction on Dec. 11, 2013, making the project eligible for the production tax credit. Located just northwest of [read more]

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Mortenson Building 76-Mile Transmission Project For Oklahoma Utility
on 13 Feb 2014 by NAW Staff
Minneapolis-based Mortenson Construction has announced it was recently selected by investor-owned utility Oklahoma Gas and Electric Co. (OG&E) to build the Woodward EHV Thistle transmission line project. The project will start at the Woodward EHV District Substation, 12 miles south of Woodward, Okla., and run to the Oklahoma/Kansas border about [read more]
First Wind Secures $206 Million Financing For Texas Project
on 13 Feb 2014 by NAW Staff
Boston-based developer First Wind has obtained $206 million in financing for its first renewable energy project in Texas. Now that financing is closed on Route 66 Wind, located in Armstrong and Carson counties, First Wind says it will continue engineering and construction activities on the 150 MW project. First Wind [read more]

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U.S. Interior Dept. Releases First National Interactive Map Of Onshore Wind Turbines
on 12 Feb 2014 by NAW Staff
The U.S. Department of the Interior's (DOI) U.S. Geological Survey (USGS) has released the first publicly available interactive map and geo-dataset showing more than 47,000 onshore wind turbine locations and related information across the entire U.S. According to the DOI, the new tool is consistent with the goals of Interior [read more]
Sen. Alexander Presents Anti-PTC Address To Energy Regulators
on 12 Feb 2014 by NAW Staff
On Feb. 11, U.S. Sen. Lamar Alexander, R-Tenn., told energy regulators that not renewing the wind production tax credit (PTC) "would help to produce new jobs because subsidizing wind drives up costs, undercuts reliable electricity and chases away jobs." In an address to the National Association of Regulatory Utility Commissioners, [read more]

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New York Green Bank Is Officially Open For Business
on 12 Feb 2014 by NAW Staff
Gov. Andrew Cuomo, D-N.Y., says the New York Green Bank has started business operations. The program is intended to stimulate private-sector financing of renewable energy by providing financial support for creditworthy clean-energy projects in the state that have difficulty accessing financing due to various market barriers. Through a request for [read more]
CEOs Call On EU Heads Of State To Boost 2030 Renewables Target
on 12 Feb 2014 by NAW Staff
Executives from European companies have called for a 2030 climate and energy framework that has an ambitious renewable energy target, including binding national goals. In January, the European Commission revealed its proposed 2030 framework, which seeks a reduction in greenhouse gas emissions by 40% below the 1990 level and would [read more]
Vestas Secures 15-Year Service Agreement In Romania
on 12 Feb 2014 by NAW Staff
Vestas has secured a 15-year service contract covering 42 V90-2.0 MW turbines at the Topolog Dorobantu wind power plant, located in Tulcea County, Romania. The company says the 84 MW agreement has an option for up to 150 MW. LUKERG Renew, a joint venture between ERG Renew and LUKOIL, placed [read more]
Dominion Green Power Program Reaches 20,000 Customers
on 12 Feb 2014 by NAW Staff
Five years into the program, more than 20,000 Dominion Virginia Power customers are now signed up for the Dominion Green Power program, the utility says. According to Dominion, participants have supported more than 650 GWh of renewable energy since 2009. Participation in the program has grown substantially after hitting the [read more]
Galion Lidar Used As Part Of Wind Turbulence Measurement Campaign
on 12 Feb 2014 by NAW Staff
An investigation into the capabilities of remote scanning LIDARs to measure wind turbulence was recently conducted as part of a collaboration between renewable energy consultancy SgurrEnergy, the University of Oklahoma and the Lawrence Livermore National Laboratory. SgurrEnergy's laser-based remote sensing device, Galion Lidar, was used to gather the measurements at [read more]

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