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

June 12, 2012

Building a bridge to zero — questions swirl around design of wind incentive phaseout

Nick Juliano, E&E reporter  •    •  Posted 2012-06-12 11:45:51

Most renewable energy supporters agree that the boom-and-bust cycle created by reliance on temporary tax breaks and eleventh-hour extensions has not been an ideal arrangement, although lawmakers have been unable to agree on steadier forms of support. The wind industry is the latest to face a potential bust if its prized tax incentive disappears as scheduled at the end of this year. While congressional aides predict the incentive will win a last-minute reprieve, attention in some policymaking circles has turned to an alternative arrangement with the potential to give the industry the certainty it desires while appeasing deficit hawks and skeptics of government backing for certain energy sources: a phaseout of the credit over a set period of years. [ read more … ]

World’s largest wind turbine manufacturer says 4 U.S. plants argue for tax credit renewal

Special to E&E  •    •  Posted 2012-06-12 11:46:18

The four Vestas wind turbine factories located in the United States are the best argument for Congress to renew the production tax credit supporting renewable energy, said Ditlev Engel, the Danish company’s CEO. “I’m convinced that if all wind turbines were produced in Europe, the PTC wouldn’t be renewed,” Engel said in a meeting with financial analysts. “Having factories in the U.S. is a strong argument for the PTC to be renewed and save American jobs.” [ read more … ]

Soaring renewable energy growth raises the question: How much support is enough?

Nathanael Massey, E&E reporter  •    •  Posted 2012-06-12 11:46:39

Renewable energy attracted a historic level of investment in 2011, with solar surging past wind to become the green energy technology of choice in 2011. At the same time, rapid growth and fierce competition within the renewable sector have compressed prices and led to overcapacity, driving down producers’ margins.
[ read more … ]

Bipartisan lawmaker group faults Chu on power marketing plan

Hannah Northey, E&E reporter  •    •  Posted 2012-06-12 11:46:57

A bipartisan group of 166 lawmakers are accusing Energy Secretary Steven Chu of attempting to change the role of the nation’s power marketing administrations without congressional approval. Forty senators — including Democrats Jeff Merkley of Oregon, Tom Udall of New Mexico and Maria Cantwell of Washington — and 126 House members questioned Chu’s actions in a letter last week. At issue is a March memo from Chu ordering the power marketing administrations (PMAs) to leverage partnerships, rate-making power and financing to upgrade transmission and bolster renewable power generation (E&ENews PM, March 16). [ read more … ]

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