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Governors' Wind Energy Coalition

June 8, 2012

GE Readies for Waning Wind Power

By Tim Catts and Christopher Martin, Business Week  •    •  Posted 2012-06-08 11:39:28

Vic Abate expects that many makers of gearboxes, towers, and blades for wind turbines will go under next year. He should know: As vice president of General Electric’s (GE) renewable energy business, Abate is the executive who will seal their fates. With a federal tax credit that subsidizes the U.S. wind industry set to expire at the end of 2012, GE is scrutinizing its supply chain. That’s significant as the Fairfield (Conn.)-based company is the market leader in wind, with a 29.4 percent share in 2011, according to the American Wind Energy Association (AWEA). Uncompetitive vendors will be culled, Abate says, while stronger suppliers will be offered operational and financial assistance. “We’re in the process of picking winners and losers,” he says [ read more … ]

Senate bill offers new tax option for wind, solar

Gabriel Nelson, E&E reporter  •    •  Posted 2012-06-08 11:40:29

A freshman Democratic senator from Delaware today introduced a bill that would give wind farms, solar arrays and other renewable electricity sources a new way to line up investors. The bill from Sens. Chris Coons (D-Del.) and Jerry Moran (R-Kan.) would change the tax code to let renewable power companies be structured as master limited partnerships. The measure rides a wave of enthusiasm among policy experts for a financing model that has been used by others in the energy industry since the Reagan administration.
[ read more … ]

IEA report projects cost of wind energy will keep dropping

Nathanael Massey, E&E reporter  •    •  Posted 2012-06-08 11:40:50

he International Energy Agency has released a new report examining historical trends in the cost of wind energy over the past several decades. Those costs fell precipitously between 1980 and 2000 because of innovation and efficiency gains, but started to rise in the early 2000s due to commodity and raw materials prices.
[ read more … ]

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