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Governors' Wind Energy Coalition

November 3, 2016

Clean Line, GE to build $2.5B wind power line

John Fialka, E&E reporter  •    •  Posted 2016-11-03 07:02:39

“We are excited to see GE, the world’s premier digital industrial company, working with Clean Line Energy on a transmission line that will harness and export Oklahoma’s great wind resource,” commented Oklahoma’s Republican governor, Mary Fallin. Construction of the line is expected to begin in the second half of 2017. A deal that would create the largest clean-energy transmission project in the United States was announced yesterday, a $2.5 billion effort to build a high-voltage, direct-current (HVDC) power line that would take wind energy produced in Oklahoma’s windy Panhandle region to the Memphis, Tenn., area. From there it would be distributed by the Tennessee Valley Authority to other major power distribution systems in the South and Southeast. [ read more … ]

Clean Line, GE to Partner on Transmission Project

By Kyle Massey, Arkansas Business Journal  •    •  Posted 2016-11-03 07:03:05

Oklahoma Gov. Mary Fallin praised the deal in a statement to the Tulsa World, describing GE as “the world’s premier digital industrial company” working with Clean Line “on a transmission line that will harness and export Oklahoma’s great wind resource.” Arkansas Gov. Asa Hutchinson, while acknowledging political opposition, conceded last month that the state was likely to see benefits from the Clean Line project. [ read more … ]

Offshore economics ‘are now improving fast’ abroad — report

Saqib Rahim, E&E repor  •    •  Posted 2016-11-03 07:04:31

Offshore wind costs are plummeting in Europe and approaching “striking distance” of other power sources, Bloomberg New Energy Finance said yesterday. The average cost of electrons from offshore wind has fallen 28 percent since this time last year, BNEF said in a report. Offshore wind, long regarded as the Cadillac option of clean energy, remains one of the world’s priciest resources at roughly $126 per megawatt-hour. [ read more … ]

One if by Land, Two if by Sea — U.S. Offshore Wind Power Has Arrived

By Stephanie McClellan, Renewable Energy World  •    •  Posted 2016-11-03 07:03:52

2016 will be remembered as “the year U.S. offshore wind arrived,” as Block Island Wind Farm, a 5-turbine 30 MW offshore-wind project, arose off Rhode Island’s coast this summer and will soon power the grid. Relatively modest in scale, this wind farm’s christening carried significance greater than its size. The first “steel in the water” for U.S. offshore wind, it was proof of the promise this abundant home-grown renewable resource holds to light boardwalks and boardrooms up and down the Eastern seaboard. [ read more … ]

Big Oil Slowly Adapts to a Warming World

By CLIFFORD KRAUSS, New York Times  •    •  Posted 2016-11-03 07:05:00

In a warming world, Big Oil doesn’t look quite so big anymore. A global glut of oil and natural gas has sent prices tumbling over the last two years, and profits are evaporating. Improving auto fuel efficiency standards threaten to depress oil consumption eventually, and fleets of electric vehicles are gradually emerging in China and a few other important markets. [ read more … ]

West Coast renewable investors unfazed by prospect of Trump

Debra Kahn, E&E reporte  •    •  Posted 2016-11-03 07:05:19

“From the tax equity perspective, I don’t think anyone’s on the sidelines,” agreed Jack Cargas, managing director of renewable energy finance at Bank of America Merrill Lynch. The main cause for optimism is Congress’ extension last December of tax breaks for solar and wind power. The investment and production tax credits for solar and wind, respectively, have revived investors’ appetite for those projects. [ read more … ]

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