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Governors' Wind Energy Coalition

June 10, 2016

New bill aims to extend ITC for US offshore wind through 2025

By Ivan Shumkov, Renewables News  •    •  Posted 2016-06-10 06:42:19

US senators from Massachusetts and Rhode Island on Wednesday introduced legislation that would extend the 30% Investment Tax Credit (ITC) for offshore wind through 2025. In December 2015, president Barack Obama signed into law an omnibus and tax reform bill that extended both the ITC and the Production Tax Credit (PTC) for wind until 2019. However, given the longer planning and permitting times for offshore wind development, no such project is seen to qualify for the tax credits by that time. That is why the Offshore Wind Incentives for New Development (WIND) Act is being introduced, says a press statement. [ read more … ]

U.S. Offshore Wind: Mid-Year Update

By Hayden Baker, James Wrathful, Sullivan & Worcester JDSupra  •    •  Posted 2016-06-10 06:44:03

Several speakers at the recent American Wind Energy Association (AWEA) annual conference in New Orleans lauded the positive impact of Congress’s extensions of the production tax credit (PTC) and investment tax credit (ITC) in December 2015. As they noted, these extensions position wind energy for a period of unprecedented stability and growth—at least for the onshore wind sector. [ read more … ]

BOEM’s Hopper, API’s Milito discuss future of offshore energy development 

Monica Traumi, E&E  •    •  Posted 2016-06-10 06:44:28

During today’s E&ETV Event Coverage of Capitol Hill Ocean Week 2016, panelists discuss the current and future financing, policy and planning dynamics of offshore energy. Panelists include Abigail Ross Hopper, director of the Bureau of Ocean Energy Management at the Department of the Interior; John Weber, executive director of the Northeast Regional Ocean Council; Erik Milito, group director of upstream and industry operations at the American Petroleum Institute; and Nancy Sopko, manager of advocacy and federal legislative affairs at the American Wind Energy Association. [ read more … ]

Buffett’s Power Play Pits Las Vegas Casinos Against Energy Unit

By Noah Buhayar and Mark Chediak, Bloomberg  •    •  Posted 2016-06-10 06:43:05

Utilities face similar challenges across the U.S. as the cost of solar power and natural gas generation falls. Big corporate energy users such as Amazon. com, Apple, and Google have cut deals over the past two years to buy power directly from solar plants and wind farms. [ read more … ]

N.Y. Democrat warns of ‘deceptive’ marketing

Christa Marshall, E&E reporter  •    •  Posted 2016-06-10 06:43:35

Rep. Yvette Clarke (D-N.Y.) sent a letter to the Federal Trade Commission this week warning of a “growing problem” of deceptive marketing practices by segments of the solar industry. FTC is holding a workshop on June 21 examining competition and consumer protection issues with solar power, including a discussion of how consumers make decisions on solar installations. [ read more … ]

County supervisors OK 160-turbine Nebraska wind farm

By Associated Press  •    •  Posted 2016-06-10 06:40:33

Another wind farm has been approved for Antelope County, over objections from some residents. The county Board of Supervisors voted Tuesday to let a Chicago-based company erect 160 turbines near Neligh (NEE’-lee). The company, Invenergy, already operates a wind farm in the Elgin area. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.