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Governors' Wind Energy Coalition

November 16, 2021

Top Story

Congress poised to dramatically alter clean energy subsidies

By Benjamin Storrow, E&E News  •    •  Posted 2021-11-16 15:01:31

Congressional and industry sources said the domestic content requirements have been among the most heavily negotiated provisions in the bill. Renewable interests have pushed to increase developers’ flexibility, particularly for offshore wind, which is a nascent industry in the United States with a limited domestic supply chain. The bill includes something of a compromise, allowing developers to apply for an exemption from the Energy Department in the event domestic parts are not available. [ read more … ]

Reconciliation Bill

Clean energy backers fear tax plan could hurt growth

By Geof Koss, E&E News  •    •  Posted 2021-11-16 15:02:52

Renewable energy interests and advocacy groups are scrambling to secure changes to the $1.75 trillion reconciliation package over worries that tax provisions in the bill may inadvertently hurt clean energy development. Lobbyists and like-minded advocates are taking aim at several provisions in the massive package expected to come up for a vote in the House as soon as this week. They argue the revisions they are seeking align more closely with the emissions-reducing focus of President Biden’s Build Back Better agenda. “If you rely upon tax equity for your solar project but your tax equity partner can’t take advantage of the depreciation benefits that they do today because of the AMT, then they’re going to ask to get paid somehow or they’re not going to do the deal,” said one renewable energy sector official who insisted on anonymity to discuss the matter. [ read more … ]

What 11 power company execs say about coal, Biden, renewables

By Edward Klump, Jeffrey Tomich, Miranda Willson, E&E News  •    •  Posted 2021-11-16 15:03:10

Power companies are being battered by rising fuel and supply costs even with winds at their back heading into 2022 as billions of dollars roll out of Washington to spur energy infrastructure projects. “It’s not a gale-force wind, but it’s a little bit of momentum out there in the world for us to tap into,” said Michael Skelly, the CEO of Grid United, a Houston-based transmission developer. [ read more … ]

FERC

FERC warned renewables planning can strand grid assets

By Miranda Willson, E&E News  •    •  Posted 2021-11-16 15:02:30

Clean energy advocates have called for new policies to reduce barriers to building high-voltage power lines that are needed to support renewable energy projects. But at a FERC technical conference yesterday, others highlighted a potential risk for overbuilding and the cost it could incur for consumers. At issue is whether regional grid operators around the country should adopt “anticipatory” approaches to transmission planning. Currently, most new transmission projects are built to maintain electric system reliability, not in anticipation of the types of low-carbon energy resources that might be built in the future and where those resources might occur.
[ read more … ]

Markets

As energy prices soar, supply chain snags threaten U.S. oil output gain

By Liz Hampton in Denver, Reuters  •    •  Posted 2021-11-16 15:02:09

U.S. oil producers are struggling to find enough crews, vehicles and equipment to take advantage of rising global demand and a seven-year high in crude prices, say executives at oilfield service firms. The problems are preventing the world’s top oil producer and consumer, the United States, from responding to higher prices and could mean it takes longer for global output to match demand recovering from the coronavirus pandemic. That would result in oil firms draining inventories and in turn contribute to higher prices.
[ read more … ]

EVs

EVs hit 1M sold, are now California’s top export as energy transition drives economy: CEC chair

By Robert Walton, Utility Dive  •    •  Posted 2021-11-16 15:01:50

California’s economy is the second fastest growing in the world, behind only China, and much of that growth is being fueled by investment in climate solutions and the clean energy transition, California Energy Commission (CEC) Chair David Hochschild said Monday at an event hosted by The Washington Post. “We just hit this month a very significant milestone, reaching 1 million electric vehicles sold in California,” Hochschild said. There are almost three dozen companies making EVs in the state, which are now its largest export, he said. [ read more … ]

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