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Governors' Wind Energy Coalition

November 10, 2017

Tax Breaks for Oil, Wind, Electric Cars Survive in Senate Bill

By Ari Natter, Bloomberg  •    •  Posted 2017-11-10 04:31:07

Tax breaks cherished by both the fossil fuel and renewable energy industries emerged unscathed in a tax plan unveiled in the U.S. Senate, according to details of the bill released Thursday evening by the chamber’s main tax writing committee. Republicans opted to leave tax subsidies for the energy industry almost entirely in place in their broad re-write of the tax code. That means drillers would still be allowed to take accelerated deduction of “intangible drilling costs” for expenses such as supplies and repairs. [ read more … ]

Senate releases overhaul plans

Geof Koss, E&E News reporter  •    •  Posted 2017-11-10 04:31:32

The fate of the renewable and investment tax credits was unclear until last night. Asked about how the bill treats the wind industry, Sen. Mike Rounds (R-S.D.) told reporters, “I think we’re still working on it.” The House version, which was passed by the Ways and Means Committee this afternoon on a 24-16 vote, would reduce the value of the PTC while adding new eligibility requirements. Sen. Michael Bennet (D-Colo.) said that as of 1:30 p.m. today, “we have not seen the text, the legislative language from the Finance Committee majority. [ read more … ]

House panel rejects bid to preserve renewables deal

Geof Koss, E&E News reporter  •    •  Posted 2017-11-10 04:31:48

The House Ways and Means Committee yesterday turned back a Democratic effort to keep intact a 2015 deal that extended key renewable energy tax breaks. The panel voted 15-22 against an amendment by Rep. Earl Blumenauer (D-Ore.) that would have stripped from the GOP tax overhaul provisions to reduce the value of the renewable production tax credit (PTC) and impose new qualification terms on projects. [ read more … ]

As Wind Power Sector Grows, Turbine Makers Feel the Squeeze

By STANLEY REED, New York Times  •    •  Posted 2017-11-10 04:32:14

Vestas Wind Systems and Siemens Gamesa are giants of the wind-power industry, building mammoth turbines that rise high into the air and power more and more homes. But disappointing earnings reports from the two companies this week indicated that even they are struggling to adapt to a fast-changing sector. Wind power is an increasingly important source of electricity around the world, and prices for the technology are dropping fast. But belt-tightening governments across Europe and North America are phasing out subsidies and tax incentives that had helped the industry grow, squeezing companies like Vestas and Siemens Gamesa in the process. [ read more … ]

Wind Energy Feels the Force of World Markets

By Anna Hirtenstein, Bloomberg  •    •  Posted 2017-11-10 04:32:29

The prevailing wind has dramatically changed for the world’s biggest maker of the swooshing blades that dot landscapes from Argentina to Mongolia. Vestas Wind Systems A/S lost about a fifth of its stock market value after the Danish company said it was squeezing less profit out of sales of equipment and services compared with a year ago because of increased competition. Before Thursday’s plunge, the shares had risen 15 percent this year. [ read more … ]

MidAmerican will spend $1 billion ‘repowering’ oldest wind turbines

By Donnelle Eller, Des Moines Register  •    •  Posted 2017-11-10 04:32:46

MidAmerican Energy plans to spend $1 billion “repowering” about 706 older turbines across Iowa, updating them with longer blades, hubs and more efficient nacelles. Each upgraded turbine will annually net between 19 and 28 percent more energy for the Des Moines-based, investor-owned utility. [ read more … ]

Denver Voters Mandate Environment-Friendly Roofs

By The Associated Press  •    •  Posted 2017-11-10 04:33:43

Denver has become the latest city to require rooftop gardens or solar panels on big new buildings. Backers say the move will keep the outdoor air cooler, make storm water easier to manage and reduce the amount of energy burned by air conditioners. A ballot initiative mandating environment-friendly roofs in Denver had 54 percent approval in final but unofficial returns Thursday.
[ read more … ]

Op-Ed: Don’t slow clean energy job growth in the Heartland

By Jim Mikel, Des Moines Register  •    •  Posted 2017-11-10 04:32:59

Iowa is a national leader in wind power, ranking in the top 3 nationally for capacity, power produced and number of turbines. Kelsey Kremer/The Register After spending more than 33 years working in the wind and aviation industry — including working at Zond, Enron Wind, and later GE Wind — it was clear to me that wind energy was here to stay in the Midwest. [ read more … ]

Mark Zuckerberg visits wind farm in Duncan to discuss renewable energy

By KOCO Staff  •    •  Posted 2017-11-10 04:33:29

Facebook CEO Mark Zuckerberg visited at a wind farm in Duncan, as part of a tour around every state in the U.S. In a Facebook post Wednesday, Zuckerberg described his experience at the wind farm and compared Oklahoma’s oil industry to these renewable energy practices. He focused on job sustainability and the potential for higher pay for workers in renewable energy fields. [ read more … ]

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