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Governors' Wind Energy Coalition

February 13, 2012

With fresh clout, White House likely will continue clean energy spending push

Katie Howell and Hannah Northey  •  E&E  •  Posted 2012-02-13 12:46:39

All indications suggest President Obama will continue forging ahead into the political minefield of hefty clean energy investments when he rolls out his fiscal 2013 spending wish list for the Energy Department and other federal agencies later this morning. Despite an ongoing scandal surrounding a DOE loan guarantee to the now-bankrupt solar firm Solyndra and a lackluster response from Congress over his previous efforts to boost clean energy spending, Obama has hinted he is not slacking off in his push to ramp up federal investment in the sector.
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Alliant to sell wind, renewable business

Dan Piller  •  Des Moines Register  •  Posted 2012-02-13 12:47:00

Alliant Energy, which owns Interstate Power & Light in Iowa, said Friday it will sell its moneylosing renewable energy business, RMT, after the non-regulated subsidiary reported “an erosion of margins” on its Midwestern wind farms and a loss on a solar project in New Jersey. Madison, Wis.-based Alliant said “recent economic conditions have constrained financial markets and lowered funding for large capital projects in the renewable energy services market. With fewer renewable energy projects receiving funding, the competition for those projects has intensified and profit margins have been negatively impacted.” [ read more … ]

Loan probe predicts $3B in losses, less than Congress expected

John McArdle and Gabriel Nelson  •  E&E  •  Posted 2012-02-13 12:47:19

A White House-commissioned review of the Department of Energy’s embattled loan program estimates that taxpayers are at risk of losing $2.7 billion on the government investment initiative, and that is not even counting the $567 million that is likely already lost because of the recent bankruptcies of Solyndra and an energy storage company. The Obama administration was quick to note today that the loan program was always designed to provide funding for promising projects that could not otherwise get funding from the private sector. Even $3 billion in losses would wind up far below the $10 billion that Congress set aside to cover potential risks when it established the green energy loan initiative. It is also well under the $5 billion risk assessment that DOE originally made for its $23.8 billion portfolio. [ read more … ]

U.K. gets new wind farm amid complaints from some MPs

  •  E&E  •  Posted 2012-02-13 12:47:31

The world’s largest offshore wind farm opened off the Cumbrian coast of Britain yesterday, signaling investor confidence even at a moment when many of the country’s parliamentarians are railing against subsidies for the sector [ read more … ]

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