Wind Farm Development Up in the Air in 2013
Because the long-term future of wind subsidies remains in question, industry experts say 2013 projects are unlikely to match the record number of megawatts installed in 2012.
Because the long-term future of wind subsidies remains in question, industry experts say 2013 projects are unlikely to match the record number of megawatts installed in 2012.
Down-to-the-wire tax decision gives wind companies a one-year reprieve.
A renewable energy tax credit, known as PTC, has helped propel wind-turbine installations this year to a capacity of 6,519 megawatts as of November 30.
Google is investing $75Mil in an Iowa-based wind farm as part of its plan to develop cleaner energy sources for its data centers.
There is a high likelihood that the Production Tax Credit will be renewed for another 12 months before expiring at the end of the year, according to the AWEA.
President Barack Obama has championed renewable energy sources, which have generated jobs, but have fallen short of their goals.
Massachusetts utility NStar has agreed to buy power from the Cape Wind offshore wind farm for more than double the projected cost of electricity from conventional sources.
Cape Wind will displace higher-priced fossil-fueled units, resulting in an average savings of $286 million per year in New England, according to a report by Charles River Associates.
Over the next 10 years, Clean Edge predicts that venture capital investments in wind and biofuel industries will grow to $385.8 billion. Clean Edge also identified 5 key trends that it thinks will greatly affect clean energy markets in the coming years.
Energy companies Northeast Utilities and NStar have agreed to buy more than 25% of the power produced by the Cape Wind offshore wind farm as a condition of a proposed deal that unites...