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

December 15, 2017

Tax Tool Crucial to Wind, Solar Seen Spared in Reform Deal

By Ari Natter and Chris Martin, Bloomberg  •    •  Posted 2017-12-15 06:48:49

A $12 billion tax-equity tool that U.S. wind and solar developers depend on to finance projects appears likely to remain largely intact as part of the sweeping reform that Republicans were negotiating Thursday. A tentative compromise would preserve most, but likely not all, of the value of renewable energy tax credits that developers sell to JPMorgan Chase & Co., Bank of America Corp. and other large financial institutions, said Senator John Thune, the chamber’s No. 3 Republican. Those credits are threatened by a provision in the Senate bill that would impose a minimum tax on foreign transactions, reducing the need for companies to buy credits.
[ read more … ]

Renewable energy fix will be in final bill — conferees

Geof Koss, E&E News reporter  •    •  Posted 2017-12-15 06:49:15

Key Republican senators said yesterday they’ve tentatively agreed on a compromise to fix provisions included in the Senate’s tax bill that renewable energy interests said would have threatened investment in U.S. projects. Sen. John Thune (R-S.D.) said several days of negotiations on the base erosion anti-abuse tax (BEAT) provisions in the Senate bill — which renewable advocates say would have slapped a 100 percent tax on some foreign investment in domestic projects — have led to a compromise. “I think we’ve gotten to where we’ve got a fix that we think will work,” he said. [ read more … ]

U.S. Tax Bill to Preserve Key Renewable Energy Credits, Sources Say

Geof Koss, E&E News reporter  •    •  Posted 2017-12-15 06:48:27

The final version of comprehensive tax legislation being negotiated by House and Senate lawmakers will preserve key renewable energy tax credits that were once at risk of being removed, congressional and business sources said on Thursday. Congressional Republicans reached a deal on tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for wealthy Americans. [ read more … ]

Left out of tax overhaul, energy interests look to extenders bill

Geof Koss, E&E News reporter  •    •  Posted 2017-12-15 06:47:49

Even as Republicans look to put the finishing touches on the first broad rewrite of the tax code in three decades, energy interests are pushing behind the scenes to see a host of unresolved energy matters quickly resolved through separate legislation. While the final tax overhaul is expected to be filed later today, the decision by conferees to punt on disputed energy provisions in the House-passed bill has shifted the focus to a so-called extenders bill. [ read more … ]

Texas installs enough solar panels in last three months to power 44,000 homes

By Jeff Mosier, Dallas Morning News  •    •  Posted 2017-12-15 06:49:50

 Texas  continues to have one of the nation’s hottest solar markets, according to an industry report released Thursday The state added 227 megawatts of solar capacity in the third quarter, trailing only Nevada and North Carolina. That amount — enough to power 44,000 homes — was more than what Texas added in 2015, according to GTM Research and the Solar Energy Industries Association [ read more … ]

$11 million solar farm — Nebraska’s largest — is dedicated in Kearney

By Omaha World Herald  •    •  Posted 2017-12-15 06:50:09

“It’s at 2.8 megawatts. Even with the cloudy skies, we’re still producing,” Russell Young shouted over the wind as about 50 people turned out Monday to dedicate Nebraska’s largest solar array. The 53-acre solar farm cost $11 million. On a good day, it will generate 5.8 megawatts of clean, renewable electricity.
[ read more … ]

Where Wind Farms Meet Coal Country, There’s Enduring Faith in Trump

By CLIFFORD KRAUSS, New York Times  •    •  Posted 2017-12-15 06:50:53

No place is more likely than this one to benefit from President Trump’s promise to make the United States a dominant energy force in the world, or more likely to be disappointed if the promise is not kept. A sparsely populated expanse of windswept rolling meadows and sharp bluffs filled with pine trees and the occasional ranch and hay farm, Converse County also has some of the country’s richest resources: the nation’s third-largest coal mine, its largest uranium production facility, four big wind farms, more than a thousand oil and gas wells, and a large coal-fired power plant. [ read more … ]

Battle for survival: Can 2 solar manufacturers save their US businesses?

By Krysti Shallenberger, Utility Dive  •    •  Posted 2017-12-15 06:51:18

It is said a house divided against itself cannot stand. That remains to be seen for the domestic solar industry, which for months has seen different players pitted against each other during a high-profile trade case. In January,  President Donald Trump will make a final decision on whether to impose trade duties on imported crystalline silicon photovoltaic modules and cells — the dominant material in solar projects in the United States. [ read more … ]

Why small businesses are against tariffs on foreign solar suppliers

By Kate Patrick, Utility Dive  •    •  Posted 2017-12-15 06:51:55

If President Trump imposes tariffs on foreign solar imports, Rondre Tompkins could lose his job as a solar installer at McCarthy. That’s because the tariffs — pushed by two U.S.-based solar manufacturers, Suniva and SolarWorld — could severely cripple the U.S. solar supply chain. [ read more … ]

Tommy Thompson, conservative group launch effort to promote renewable energy

By Jason Stein, Milwaukee Journal Sentinel  •    •  Posted 2017-12-15 06:52:16

With former Gov. Tommy Thompson at its head, a group of conservatives is launching an organization in Wisconsin to promote new sources of electricity and new technologies.  The Wisconsin Conservative Energy Forum is tied in with a national network and an influential Madison lobbying firm, the Capitol Group. 
[ read more … ]

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