Eastern U.S. states are jockeying to claim the mantle of leadership of the nation's still-budding offshore wind industry, eyeing major infrastructure upgrades and workforce training to meet procurement targets and capture the billions-of-dollars in investments promised by the clean, abundant and largely untapped coastal wind resources.
Scout Clean Energy LLC, a Colorado-based renewable energy developer, announced the closing of financing and the launch of construction of its 300-megawatt Ranchero wind park in Texas, according to a Jan. 17 press release. The project has a 10-year proxy revenue swap, or PRS, with Allianz Global & Specialty Inc.’s Alternative Risk Transfer unit, in…...
The New York State Board on Electric Generation announced hearings to receive comments on Bluestone Wind LLC’s proposal to construct a 124-megawatt wind energy project in the towns of Windsor and Sanford, Broome County. The move follows the board’s determination that the company’s Article 10 application is complete. The decision-making process under Article 10, adopted…...
Vermont House lawmaker Charles Shaw, a Republican, introduced legislation on Jan. 22 that would require in-state solar facilities to sell their renewable energy credits to distribution utilities that will apply the credits toward meeting the state’s renewable energy standard, in a bid to balance the local impacts of siting solar installations. Alternatively, the facility would have…...
