On the heels of a U.S. Senate Finance Committee vote of 23-3 to extend the primary federal tax incentives for growing renewable energy as part of a larger tax policy extension bill, the American Wind Energy Association (AWEA) is releasing wind figures for the second quarter of 2015 that support the extension-- and more wind investments.
The federal PTC and ITC are predominant drivers of new wind farm development, and have helped lower the cost of wind power by more than half over the last five years.
The Australian government has passed amendments to revise the Renewable Energy Target (RET), but renewable advocates are crying foul on the move.
New Jersey is hoping to bring back the wind energy credit-- and this week the state's Senate Environmental Committee passed a resolution asking Congress and President Obama to reinstate the production tax credit (PTC) for wind energy.
Iowa was the first state to introduce a Renewable Portfolio Standard (RPS), and now it looks likeother states may benefit from their wind resources. A new study found that the potential of Iowa's wind energy can be produced so cheaply that they can easily send their leftover wind to other states-- helping many of them meet their Clean Power Plan (CPP) standards.
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.