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Governors' Wind Energy Coalition

May 6, 2020

Top Story

Amid pandemic, U.S. renewable power sources have topped coal for 40 days

By Nichola Groom, Reuters  •    •  Posted 2020-05-05 14:57:19

Electricity generated by renewable sources like solar, wind and hydro has exceeded coal-fired power in the United States for a record 40 straight days, according to a report based on U.S. government data released on Monday. The boost for renewables is due to a seasonal increase in low-cost solar and hydro power generation, alongside an overall slump in electricity demand caused by coronavirus-related stay-at-home orders, according to the Institute for Energy Economics and Financial Analysis. Coal tends to be the first power source to be cut by utilities when demand falls because subsidized renewable sources are cheaper to operate and often backed by state clean-energy mandates. [ read more … ]

Wind Energy

Vestas Wind Posts Surprise Loss as Virus Hits Supply Chain

By Will Mathis, Bloomberg  •    •  Posted 2020-05-05 14:55:19

Denmark’s Vestas Wind Systems A/S fell into the red as the coronavirus squeezed its supply chain, the first quarterly loss since 2013. The world’s biggest wind turbine manufacturer posted a 54 million-euro ($59 million) loss before special items, compared with a 95 million-euro profit analysts surveyed by Bloomberg had anticipated. [ read more … ]

Grand Forks outbreak has other North Dakota plants on alert

By Dave Kolpack, Associated Press  •    •  Posted 2020-05-05 14:55:38

A widespread outbreak of the coronavirus that has shuttered a wind turbine plant in northeastern North Dakota and initiated a massive contact tracing effort has led many of the state’s largest manufacturers to review and relay their safety measures. No company wants to be the next LM Wind Power. [ read more … ]

Markets

Big Oil posts big losses during coronavirus crisis

By Dino Grandoni, Washington Post  •    •  Posted 2020-05-05 14:56:02

The numbers are in: We now know just how badly the country’s top oil drillers were hit by the coronavirus-fueled downturn. Three of the four biggest U.S. oil and gas producers posted multimillion to multibillion dollar losses in their latest earnings reports, a sign of just how damaging the drop in energy demand because of the covid-19 pandemic has been to the domestic oil business. [ read more … ]

Climate

How Global Trade Pacts Award ‘Subsidies’ for Climate Pollution

By Eric Roston, Bloomberg  •    •  Posted 2020-05-05 14:57:39

While nations have been haggling over climate goals and companies committing to carbon-dioxide cuts, the global trade system has been pushing in the opposite direction.  Tariffs and other barriers are providing indirect subsidies to fossil fuel, according to new research covering 163 industries in 48 countries. Joseph Shapiro, the University of California, Berkeley, economist who conducted the work, terms this an “environmental bias” that hasn’t been measured in the trade system. He found it was worth between $550 billion and $800 billion a year—more than direct subsidies such as tax incentives paid by governments to big emitters in 2007. [ read more … ]

Stimulus Bill

Dems on covid-19 relief: leave possible fuels out of this

BY KELSEY TAMBORRINO, Politico  •    •  Posted 2020-05-05 14:56:31

Maryland Rep. Jamie Raskin led 60 Democratic lawmakers in a letter to House leadership Monday opposing any efforts by the fossil fuel industry to use Covid-19 recovery legislation to “confer immunity” for climate change or pollution, citing efforts that ultimately failed to get included in previous coronavirus relief packages. [ read more … ]

Commentary

A bipartisan group of governors will make the case for renewing the wind credit Tuesday

By Ben Geman and Zack Colman, The Hill  •    •  Posted 2012-11-13 11:20:34

A bipartisan handful of governors will join Sen. Chuck Grassley (R-Iowa) at a Tuesday Capitol Hill press conference urging Congress to extend the tax credit that the wind industry calls vital. The wind production tax credit is one of the hot-button energy issues for the lame-duck session. Scheduled to expire Dec. 31, it credits wind power producers 2.2 cents for every kilowatt-hour. [ read more … ]

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