Please add the Governors' Wind Energy Coalition to your address book for uninterrupted delivery
View this email in a web browser.
Governors' Wind Energy Coalition

May 9, 2017

End of state tax credit expected to impact Iowa clean energy growth

By Karen Uhlenhuth, Midwest Energy News  •    •  Posted 2017-05-09 06:24:19

The race is on to finish about a dozen large renewable energy projects in Iowa after state lawmakers did not act on renewing a key tax credit. The state’s production tax credit of 1.5 cents per kilowatt hour will not be available for any projects that go into operation after Dec. 31, 2017. The Iowa Legislature did not vote on renewing the credit during the session that ended in late April. The impact will be twofold: projects now in process won’t get the credit if they aren’t operating by the end of the year, and there will be no state tax credit as of Jan. 1 for larger solar projects. [ read more … ]

Solar is growing rapidly. So why are solar firms struggling?

Benjamin Storrow, E&E News reporter  •    •  Posted 2017-05-09 06:25:01

The U.S. solar market is going gangbusters, but American solar firms are struggling to keep their heads above water. A record-setting year, which saw U.S. solar installations soar to new heights, has been followed by a series of bankruptcies and slumping stock prices. The downturn has hit panel-makers and installers alike. Sungevity Inc., an Oakland, Calif.-based residential solar installer, declared bankruptcy in March. Georgia-based panel-maker Suniva followed suit last month, citing a deluge of Asian-made panels in the U.S. market. Even relatively healthy firms have struggled to escape the pain. Shares of First Solar Inc. and SunPower Corp. have lost roughly half their value since early last year, while Sunrun Inc. is trading for a third less. [ read more … ]

Minnesota sees an 80 percent jump in solar energy capacity this year

By Mike Hughlett, Minneapolis Star Tribune  •    •  Posted 2017-05-09 06:25:29

Minnesota’s solar energy capacity rose 80 percent during 2017’s first three months, the second consecutive quarter of leapfrog growth as several major solar arrays were switched on. The state had 447 megawatts of solar production capacity at the end of the first quarter, a far cry from 37 megawatts at the end of 2015, according to data released Friday by the Minnesota Department of Commerce. A megawatt is 1 million watts, enough electricity to power 140 homes. [ read more … ]

Kansas wind power takes off, expected to continue growing

By The Associated Press  •    •  Posted 2017-05-09 06:25:55

New wind farms brought online this year or planned for later this year will quadruple the amount of wind generation in Kansas in just six years, placing the state behind only Texas, Oklahoma, California and Iowa in producing wind energy, an analyst group said. The American Wind Energy Association said in its first-quarter report that Kansas will reach 5,000 megawatts of wind power generation capacity this year. That includes a 200-megawatt Cimarron Bend II wind farm in Clark County and the 280-megawatt Western Plains wind farm in Ford County that came on line this year and brought the state to 4,931 megawatts of generation capacity, The Wichita Eagle reported. And a 178-megawatt Bloom Wind Farm is under construction south of Dodge City in Ford and Clark counties and the 400-megawatt Iron Star wind farm near Dodge City is in advanced development and likely will be built this year. [ read more … ]

Warren Buffett says he’s got a ‘big appetite’ for a solar or wind project

By Evelyn Cheng, CNBC  •    •  Posted 2017-05-09 06:26:40

Warren Buffett is looking for investment opportunities in renewable energy. “We have got a big appetite for wind or solar,” Buffett said Saturday at Berkshire Hathaway’s annual shareholders meeting. “If someone walks in with a solar project tomorrow and it takes a billion dollars or three billion dollars, we’re ready to do it,” he said. “The more there is the better.” [ read more … ]

What Macron’s Victory Means for Embattled Europe, and for Merkel – Bloomberg

By Jonathan Stearns , Viktoria Dendrinou , and Birgit Jennen, Bloomberg  •    •  Posted 2017-05-09 06:26:20

Macron should give a boost to EU clean-energy initiatives. He’s pledged to double French wind and solar capacity by 2022, a bigger expansion than his predecessor Francois Hollande planned, and to reduce car pollution. That should give momentum to a draft European law to increase the share of renewable energy in the EU to 27 percent of consumption in 2030 from 20 percent in 2020 and to a forthcoming proposal by the bloc’s regulators to tighten a cap on carbon dioxide from autos. [ read more … ]

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