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Friday, April 22, 2016

AWEA: 35% wind generation by 2050 would save consumers $14B annually

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AWEA: 35% wind generation by 2050 would save consumers $14B annually | Minnkota Power signs 35-year PPA with NextEra for 100-MW expansion project | Allete commissions 107.5-MW project in N.D.
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April 22, 2016
Wind Energy SmartBrief
News for wind power professionals and advocates
Industry Update
AWEA: 35% wind generation by 2050 would save consumers $14B annually
American consumers would save about $14 billion annually on electricity if the US were to source 35% of its total electricity from wind by 2050, according to the American Wind Energy Association. Cumulatively, consumers could save about $149 billion on their electric bills, said the report. Wind has become "the lowest-cost source of new generation," said AWEA CEO Tom Kiernan. (4/20) 
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Minnkota Power signs 35-year PPA with NextEra for 100-MW expansion project
The Minnkota Power Cooperative has signed a 35-year power purchase agreement for 100% of the output from NextEra Energy Resources' 100-megawatt Oliver County Wind Energy Center expansion in North Dakota. The project will feature 44 2.3-MW machines from General Electric. Minnkota is on track to source 35% of its total electricity from wind by early 2017, according to President and CEO Mac McLennan.
The Bryan-College Station Eagle (Texas)/The Associated Press (4/21) 
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Allete commissions 107.5-MW project in N.D.
The 107.5-megawatt Thunder Spirit wind farm in North Dakota has begun operations, according to Nordex, which installed 43 of its N100/2500 turbines at the site. The project was developed by Allete Clean Energy and is owned by Montana Dakota Utilities. Nordex said that the government's decision to extend the wind energy Production Tax Credit has created "good opportunities" in the industry. (U.K.) (4/22) 
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Project Focus
Invenergy plans 50% capacity increase at N.Y. wind farm
(AFP/Getty Images)
Invenergy has filed for approval to increase the capacity of its planned Bull Run project in New York by 50%. If approved, Invenergy would increase the project's total capacity from 300 megawatts to 449 MW. The project is expected to feature between 130 and 150 turbines. (U.K.) (4/21) 
Actis-Mainstream Renewable JV orders turbines for 2 Chilean projects
Senvion was won a contract to supply a joint venture between Actis and Mainstream Renewable Power with 93 machines for two wind farms in Chile. The Sarco project will feature 50 3.4-megawatt M114 turbines for a total capacity of 170 MW. The second project, Aurora, will use 43 3-MW 122 turbines for a total capacity of 129 MW.
SeeNews Renewables (4/21) 
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Economy, Energy & Trends
EIA: New wind generation fell among many major states last year
California, Oregon and Washington -- states with strong tax credits for wind production -- saw decreases in new wind capacity last year compared to previous years, according the Energy Information Administration on Thursday. The report said that Texas was the only major state to see large increases in installed wind capacity in 2015. (4/21) 
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Report: Offshore wind farms could garner investment-grade ratings
Offshore wind development is gaining traction in the US, and investment-grade ratings have become feasible for operational offshore projects, according to ratings firm Fitch Ratings. Offshore wind companies must consider risks associated with offshore debt to in order to improve ratings, said the report. Offshore projects, for example, have a higher capacity on average than land-based projects, but also are subject to rougher operating conditions.
SNL Financial (free content) (4/19) 
Policy Watch
McCarthy: EPA didn't lose anything with CPP stay
The Supreme Court's decision to stay the Clean Power Plan won't weaken the Environmental Protection Agency's efforts to combat climate change, EPA Administrator Gina McCarthy said at an environmental summit Thursday. "I am enormously confident that we will meet the merits test up the chain. And that this will hold," she said, adding that the stay would only delay the rule for a few months.
The Examiner (Washington, D.C.) (4/21) 
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Official: Iowa's clean energy industry makes it attractive for businesses
The availability of low-cost and reliable clean energy in Iowa makes it an attractive state for relocating businesses, according to state Economic Development Authority Director Debi Durham. She added that MidAmerican Energy's proposal to build a 1,000-turbine wind farm in the state has ramped up interest among companies that value sustainability.
Quad-City Times (Davenport, Iowa) (4/21) 
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Bigger, better WINDPOWER reflects industry growth
As the US wind industry continues to mature and become a major part of America's electricity mix, WINDPOWER needs to advance with the times. That's why WINDPOWER 2016 in New Orleans, May 23 to 26, is scheduled to be bigger and better than last year. This year over 400 exhibitors, many of them new firms, will be filling a show floor that is nearly 25% larger. Read more.
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These stories were selected and summarized by independent editors at SmartBrief Inc., not by AWEA's staff, and do not represent AWEA positions. They reflect the variety of daily coverage of American wind power.
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