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Governors' Wind Energy Coalition

December 16, 2015

Congress negotiators get tax, spending deal: lawmakers

BY RICHARD COWAN AND SUSAN CORNWELL, Reuters  •    •  Posted 2015-12-16 04:23:26

“That’s my understanding, that there is agreement on both tax extenders and the omnibus” spending bill,” Representative John Kline told reporters upon leaving a closed-door meeting of House Republicans. Representative Ann Wagner confirmed that in return for a repeal of the oil export ban, Democrats won temporary tax breaks to boost wind and solar development, an important priority for President Barack Obama in the aftermath of a Paris climate change deal that calls for significant reductions in carbon dioxide emissions from burning fossil fuels. [ read more … ]

Parties scramble to close gap on oil exports, riders

Geof Koss, Hannah Hess and Manuel Quiñones, E&E reporters  •    •  Posted 2015-12-15 16:06:05

Congressional leaders appear to be moving closer to an agreement to end the oil export ban and fund the federal government for the rest of the fiscal year, although key senators said major hurdles remain on policy riders. Senate Majority Leader Mitch McConnell (R-Ky.) would not discuss details of the ongoing talks but signaled that he anticipated releasing text of both the omnibus and tax extenders packages late yesterday afternoon. [ read more … ]

Solar, Wind Shares Jump as U.S. Nears Deal on Tax Credits

By Alex Nussbaum Brian Eckhouse, Bloomberg News  •    •  Posted 2015-12-15 16:06:29

Shares of U.S. clean-energy companies jumped Tuesday as Congress neared a deal that would revive or extend tax credits for the wind and solar industries. SunEdison Inc., the world’s biggest renewable-energy developer, rose 13 percent at the close in New York while rooftop solar provider Sunrun Inc. gained 4.3 percent. Wind-farm builder Pattern Energy Group Inc. climbed 4 percent. [ read more … ]

European company to build first-ever offshore wind farm in the Great Lakes

Daniel Cusick, E&E reporter  •    •  Posted 2015-12-15 16:06:55

A Norwegian firm with extensive experience building wind farms in Europe will construct the first U.S. offshore wind farm on the Great Lakes, supplying up to 18 megawatts of electricity from turbines sited on Lake Erie near Cleveland. The wind farm, to be known as the Icebreaker project, is projected to cost $120 million and will be a critical test of wind power’s viability on the Great Lakes, according to the Lake Erie Energy Development Corp. (LEEDCo), a public-private partnership based in northeastern Ohio. [ read more … ]

Low Gas Prices Squeeze Industry and Fell a C.E.O.

By CLIFFORD KRAUSS, New York Times  •    •  Posted 2015-12-15 16:07:20

Plummeting oil and natural gas prices have whipsawed the energy industry, forcing cancellations of billions of dollars of projects, late payments on loans, and over a quarter of a million layoffs worldwide. On Monday, with domestic gas prices hitting their lowest level since 2001, Cubic Energy, a company that produces natural gas and oil, became the latest of several dozen producers to file for bankruptcy protection this year. Even a company the size of Chesapeake Energy, one of the nation’s biggest producers, is struggling to reduce its $11.6 billion debt load. [ read more … ]

Top 10 Renewable Energy Producing States

By Gina-Marie Cheeseman, TriplePundit  •    •  Posted 2015-12-15 16:07:43

A recent report by the International Renewable Energy Agency found that achieving a 36 percent share of renewable energy by 2030 would provide half of the greenhouse gas emissions reductions needed to stay within the 2-degrees threshold. The U.S. has a chance to be a leader in renewable energy deployment given its sheer size and resources. And some states are leading the way. Olivet Nazarene University’s engineering department ranked the top 10 green states in terms of renewable energy. [ read more … ]

Trump’s Scottish love affair sours as court to rule on wind farm

BY MICHAEL HOLDEN, Reuters  •    •  Posted 2015-12-15 16:08:07

Britain’s top court will decide on Wednesday whether to back U.S. Republican presidential front runner Donald Trump’s bid to stop wind farms being built near his luxury Scottish golf resort amid a growing spat with politicians in his mother’s homeland. The decision comes after a week in which his call to deny Muslims entry to the United States has resulted in his being stripped of two Scottish honorary positions, prompted a record petition calling for him to be banned from Britain, and drawn a rebuke from Prime Minister David Cameron and others. [ read more … ]

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