Wind energy is growing, and along with it, wind jobs. According to a new report by the American Wind Energy Association's (AWEA) U.S. Wind Industry Annual Market Report, there were 23,000 jobs added in the wind industry in 2014.
The Texas state Senate is looking to remove incentives for renewable energy in the state by getting rid of their Renewable Portfolio Standard (RPS). The original bill requires energy retailers to purchase a certain percent of their power from wind and solar producers.
The United States Department of Energy (DOE) has announced plans to fund $1.8 million toward development of a larger-scale wind turbine blade.
The project feeds into the Competitive Renewable Energy Zone (CREZ) transmission infrastructure which enables the high electricity demand areas in the state to access the low-cost renewable generation resources of West Texas and the Texas Panhandle. The power is sold into the Electric Reliability Council of Texas (ERCOT) power market and covered by a long-term, fixed-price hedge agreement for a portion of the expected energy production.
It was a strong year for mergers and acquisitions (M&A) in the wind sector in 2014, according to a new report from Mercom Capital Group. The global clean energy communications and consulting firm is reporting 28 transactions, 12 of which were disclosed for a combined $4.6 billion.
The U.S. Internal Revenue Service (IRS) has provided new performance and quality standards that require certification of small wind turbines-- defined as having a nameplate capacity of up to 100 kW-- in order to qualify for the 30 percent federal Investment Tax Credit (ITC). The new requirements are contained in the recently issued Notice 2015-4.
The Bison 4 wind farm features 64 turbines on 35 square miles generating renewable energy, which is delivered to customers via a 465-mile direct current transmission line linking Center, N.D., and Duluth, Minn. In total, the nearly 500 megawatts produced by Bison's 165 turbines rank it as North Dakota's largest wind farm in terms of electric generating capacity.
Wind energy is poised to play an important role in Quebec's energy future and, in fact, can no longer be considered a marginal electricity source, according to the Canadian Wind Energy Association (CanWEA). Now more than ever, wind energy represents significant opportunity for Quebec-- specifically, eastern Quebec and Montreal-- and is in a good position to serve new markets.
Construction on Broken Bow II began in January 2014-- creating more than 300 jobs during peak construction-- and had far reaching economic impacts beyond just those who are directly involved to community members who own and operate a range of local businesses. The facility's 43 turbines generate enough electricity to power about 30,000 homes.
Wind venture capital (VC) funding came in at $140 million in one deal in the third quarter-- compared to $48 million in four deals in the second quarter of 2014. In the third quarter of 2014, total corporate funding in the wind sector came totaled $2.4 billion, including VC funding, public market financing and debt financing.