The Federal Energy Regulatory Commission on Dec. 31 authorized NJR Clean Energy Ventures II Corporation to sell its interests in four wind energy projects totaling 117 megawatts to SRIV Partnership LLC. NJR Clean Energy said that the $208.5 million transaction completes the sale of all its operating wind facilities. In June, the company sold a…...
The Minnesota Public Utilities Commission authorized Minnesota Power’s 20-year power purchase agreement with Tenaska Inc. for 250 megawatts of wind-generated power, according to a Dec. 20 press release. The energy would be supplied by the proposed Nobles 2 facility in Nobles County along Buffalo Ridge expected to come online in October 2020. The contract, which…...
The New Jersey Board of Public Utilities adopted a proposed rule establishing offshore wind renewable energy certificates or ORECs detailing a process to fund the state’s offshore wind program and flow back revenue to ratepayers, according to a Dec. 18 press release. The industry has gained momentum under Democratic Governor Phil Murphy who seeks to…...
The New York Public Service Commission on Dec. 14 approved phase III of the New York State Energy Research and Development Authority’s plan to implement the Clean Energy Standard or CES, adopted in August 2016, to achieve the state’s goal of obtaining half its electricity from renewable resources by 2030. The program includes a renewable…...
The U.S. offshore wind industry is picking up pace as eastern states are pushing aggressive wind energy procurement goals. Massachusetts, Rhode Island, and Connecticut recently contracted for offshore wind capacity totaling 1.4 gigawatts. New York and New Jersey are making progress towards project solicitations.
New Jersey lawmakers have passed a suite of sweeping measures to propel the state’s clean energy agenda under Democratic Governor Phil Murphy's administration. The swift turn of events marks a significant shift from his Republican predecessor Chris Christie who withdrew the state from the carbon market and shunned offshore wind.
Ever more states are embracing pro-renewable policies by committing to clean energy and ramping up their clean energy targets despite federal policy uncertainty under the Trump administration. Frontrunners like California, Hawaii, New York, and Massachusetts are encouraging other states with nascent markets to follow suit.
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Ever more states are embracing pro-renewable policies by committing to clean energy and ramping up their clean energy targets despite federal policy uncertainty under the Trump administration. Frontrunners like California, Hawaii, New York, and Massachusetts are encouraging other states with nascent markets to follow suit.
The wind industry is facing new problems just as developers are rushing to get new projects in the pipeline ahead of the 2019 expiration of the federal production tax credit, a key driver of growth. Roadblocks include efforts to slash payouts to wind farms under PURPA, delays in connecting to the grid, and even a State moratorium on new projects.
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The U.S. wind energy industry has grown significantly over the past decade thanks to federal and state support, along with technology advancements improving costs and performance. The federal production tax credit (PTC) has left the greatest impact on the industry. However, the PTC expires in 2019 narrowing the window for new projects as the industry prepares for a slowdown. Other challenges, such as attempts to redefine PURPA terms and assess the impact of wind farms on tourism, along with slow growth in electric demand, make the outlook on wind less certain.
North Carolina Gov. Roy Cooper has approved legislation that will significantly expand solar, and issued an executive order mitigating the effects of a temporary wind energy moratorium included in the legislation. While the moratorium deals a setback for North Carolina which recently completed its first utility-scale wind project, Gov. Cooper’s move shows commitment to the nascent wind industry, bringing some consolation to wind developers as projects can undergo the lengthy preliminary processes during the ban and quickly come online afterward.
This content requires that you purchase additional access. The price is $99.00.
North Carolina Gov. Roy Cooper has approved legislation that will significantly expand solar, and issued an executive order mitigating the effects of a temporary wind energy moratorium included in the legislation. While the moratorium deals a setback for North Carolina which recently completed its first utility-scale wind project, Gov. Cooper’s move shows his commitment to the nascent wind industry, bringing some consolation to wind developers as projects can undergo the lengthy preliminary processes during the ban and quickly come online afterward.