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Governors' Wind Energy Coalition

March 26, 2020

Top Story

The Senate unanimously passed a $2 trillion stimulus plan

By New York Times  •    •  Posted 2020-03-26 04:18:07

The Senate voted unanimously on Wednesday to approve a sweeping, $2 trillion fiscal measure to shore up the United States economy as it weathers the devastation of the coronavirus pandemic, advancing the largest fiscal stimulus package in modern American history. The House was expected to quickly take up the bill on Friday and pass it, sending it to President Trump for his signature. [ read more … ]

Wind Energy

Four Federal Policies Could Help Offshore Wind Jump Start Our Coronavirus Economic Recovery

By Forbes  •    •  Posted 2020-03-25 15:19:03

As the United States and world head into an economic downturn fueled by the coronavirus (COVID-19) pandemic, federal officials are enacting direct subsidies to consumers and businesses to stave off recession. But in their rush to prop up the U.S. economy, are policymakers overlooking low-cost actions that could unlock billions in annual investment and tens of thousands of new jobs from renewable energy? [ read more … ]

American Wind Energy Association reports potential COVID-19 impact on industry

By Dave Kovaleski, Energy Insider  •    •  Posted 2020-03-25 15:17:14

AWEA’s analysis found that the virus has put an estimated 25 GW of wind projects at risk, representing $35 billion in investment. This $43 billion also includes the potential loss of roughly $8 billion to rural communities in state and local tax payments as well as land-lease payments to private landowners. Further, it could result in the loss of over 35,000 jobs in the industry, including wind turbine technicians, construction workers, and factory workers.
[ read more … ]

Nordex Global Wind Business Offers Small Cushion in Virus Crisis

By Brian Parkin and William Wilkes, Bloomberg  •    •  Posted 2020-03-25 15:19:50

Nordex SE is facing a shortage of supplies and people due to the coronavirus crisis, denting the German-Spanish wind turbine maker’s ability to weather the pandemic with its increasingly global reach, said its Chief Executive Officer Jose Luis Blanco. “It helps a lot to have a diversified business across the globe and that wasn’t the case four or five years ago,” Blanco said by phone. But the virus is already “really hurting us” by crimping workforce and component availability, he said, citing choked parts supplies from China as an early marker of what the virus can do. [ read more … ]

Climate

Climate movement moves online during coronavirus pandemic

By Dino Grandoni, Washington Post  •    •  Posted 2020-03-25 15:19:32

With the covid-19 pandemic forcing Americans to stay indoors, the climate movement is moving online. Plans for protests and other in-person activism, including massive marches around Earth Day next month where environmentalists wanted to raise concern over rising global temperatures, have been upended by the need for people to stay apart and stop another crisis — the emergence of a novel coronavirus that has infected more than 420,000 and killed more than 18,000 worldwide. [ read more … ]

Policy & Politics

Funding to Refill Oil Reserve Cut From Stimulus But Could Return

By Stephen Cunningham, Ari Natter, and Jennifer A Dlouhy, Bloomberg  •    •  Posted 2020-03-25 15:20:29

Funding for President Donald Trump’s plan to fill up the nation’s emergency oil reserve to help struggling drillers cope with the price crash failed to make it into the latest stimulus legislation but could return in other forms. Lawmakers eager to get the stimulus package to the president essentially opted to defer a fight over whether to pair the oil purchase with funding for clean energy. But the issue could arise as Congress takes up additional coronavirus-related legislation in coming weeks. [ read more … ]

 

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