Funding & Capital News
U.S., Global Renewable Energy Investment Sector Faces Challenging Year
“The growth of China’s wind sector continues to be stifled by insufficient access to the grid, while a boom-bust scenario appears to have returned to the U.S. as a result of uncertainty over the expiry of key stimulus programs,” says Gil Forer, Ernst & Young’s global cleantech leader.
3Jun2012 | admin | 0 comments | ContinuedEnergy Innovation Grants to Colorado Small Businesses
Six firms were selected to receive Small Business Innovation Research (SBIR) Grants of $150,000 by the Department of Energy for projects on power generation from geothermal heat, emissions reduction and increasing fuel efficiency. Senator Michael Bennett spearheaded the initiative.
28May2012 | admin | 0 comments | ContinuedSuspension of Massive Offshore Wind Project
a Market Indicator
“An analysis of current conditions indicates that a viable commercial market in the United States is still farther out, as much as three or four years away, at the earliest,” the companies said, making further investment impractical.
9May2012 | admin | 0 comments | ContinuedRobust Transmission Investment Planned
for U.S. Grid
Edison Electric Institute reports its member utility companies plan to invest at least $64 billion on expected transmission system improvements through 2022. This investment will follow the roughly $77 billion that member companies poured into grid improvements over the last decade.
2May2012 | admin | 0 comments | ContinuedClean Energy Investment At Its Lowest Since
Q1 of 2009
“The weak Q1 2012 number reflects the destabilizing uncertainty over future clean energy support in both the European Union – driven by the financial crisis – and the U.S. – driven by the expiry of stimulus programs and the electoral cycle,” explains Michael Liebreich, CEO of BNEF
24Apr2012 | admin | 0 comments | ContinuedPerformance-Based Incentives: The New Face
of Residential Solar
Home solar PV is an investment that carries the potential for risk and reward and it relies upon future factors. The economic viability of a system depends largely upon which Solar*Rewards Step a participant purchases under and how much Xcel Energy’s electricity prices change.
27Feb2012 | admin | 0 comments | ContinuedBennet, Moran Make Bipartisan Push to Extend Wind Energy Tax Credit
The Colorado and Kansas U.S. Senators have filed an amendment that would extend the wind energy production tax credit (PTC) for one year to a bill currently under debate in the U.S. Senate. The extension of the wind PTC is fully paid for. Senator Mark Udall (D-CO) is a cosponsor of the amendment.
21Feb2012 | admin | 0 comments | ContinuedIncubator Program Expands Reach
DOE is accepting proposals for the seventh round
of the SunShot Incubator program, which jumpstarted Colorado-based Primestar now owned by GE. Construction is underway for a $600 million plant in Aurora to commercially produce the company’s NREL-based cadmium telluride solar technology.
Members of Colorado Delegation Push for Extension of Wind Tax Credit
Seven members of the Colorado Congressional Delegation called on a congressional conference committee to extend the wind energy production tax credit (PTC) as part of the payroll tax extension. The wind PTC has helped drive substantial economic growth in Colorado
8Feb2012 | admin | 1 comment | Continued
Army’s Largest Renewables Project Part of $61 Million in Energy Contracts
At Fort Carson, the Army partnered with a local energy provider to build a photovoltaic solar array on top of a closed landfill. The White Sands Missile Range project in New Mexico will provide the Army with 4.44-megawatts of installed photovoltaic capacity, saving 10 million kilowatt hours of electricity annually.
6Feb2012 | admin | 0 comments | ContinuedPrivate Sector Players Stepping Up Pace of Clean Energy Investments
In another expression of confidence in the viability of US clean energy markets and industry, MidAmerican Energy Holdings, a subsidiary of Warren Buffet’s Berkshire Hathaway, said it’s establishing a new business that will oversee its growing portfolio of wind, geothermal, solar and hydro projects.
1Feb2012 | admin | 0 comments | ContinuedVestas Urges Extension of U.S. Production Tax Credit to Preserve Thousands Of American Jobs
“An extension of the PTC is necessary for the continued employment of the 80,000 people working in the U.S. wind industry,” said Wyrsch, who leads the North American arm of Vestas Wind Systems, which has several manufacturing plants in Colorado.
15Dec2011 | admin | 0 comments | ContinuedBroad Coalition Wants Extension of Wind
Production Tax
The nonpartisan coalition of 369 members, including manufacturing, farm and business interests, has issued a letter endorsing a four year extension to wind energy’s key federal tax incentive, the Production Tax Credit. The thrust of the letter echoes the concern expressed by Vestas Wind Systems’ CEO in recent comments.
27Nov2011 | admin | 0 comments | Continued-
Assessing Oil and Gas Influence on State Politics – Two Views
A left-leaning watchdog group released a report late last week that contends the oil and gas industry exerts an outsized influence on Colorado politics, and generous political spending might be the reason. Colorado Ethics Watch does not accuse the oil and gas industry of wrongdoing, but does suggest it benefits from spending so freely to influence politicians.
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