Wednesday, April 17, 2013

IRS Answers Major PTC Question; Is Ontario Wind Power Too Costly?

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Date: Apr 17, 2013 5:45 AM
Subject: IRS Answers Major PTC Question; Is Ontario Wind Power Too Costly?
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PTC Update: IRS Clarifies 'Commence Construction' Requirements
by Mark Del Franco, Apr. 16, 2013 email the content item print the content item
In order to qualify for the production tax credit (PTC), the Internal Revenue Service (IRS) says that renewable energy projects starting construction in 2013 must be able to demonstrate "significant work of a physical nature" and show that 5% of their costs have been incurred. The IRS ruling comes nearly [read more]
Ontario Wind Power: Worthwhile Investment Or Expensive Waste?
by Joseph Bebon, Apr. 16, 2013 email the content item print the content item
Two conflicting reports have set the debate over whether Ontario's Green Energy Act (GEA) harms the region's economy. Established in 2009, the GEA was created to "expand renewable energy generation, encourage energy conservation and promote the creation of clean energy jobs," according to the Ontario Ministry of Energy's website. However, [read more]
Walmart Announces New Renewable Energy Goals
by NAW Staff, Apr. 16, 2013 email the content item print the content item
Walmart President and CEO Mike Duke has announced the company's next step on the path to achieving its goal of being supplied 100% by renewable energy. Unveiled at Walmart's Global Sustainability Milestone Meeting, the company's plan includes two major commitments to achieve by Dec. 31, 2020: driving the production or [read more]
ABB Energizes HVDC Light Converter Station To Integrate Offshore Wind
by NAW Staff, Apr. 16, 2013 email the content item print the content item
ABB says its HVDC Light converter station has been energized at the Dorpen West substation for Dutch-German transmission system operator TenneT. This station, located in northern Germany, is the receiving end of the DolWin1 transmission link, which will integrate 800 MW of offshore wind power generated in the North Sea [read more]

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DNV Software Introduces Analysis Module For Offshore Wind Turbines
by NAW Staff, Apr. 16, 2013 email the content item print the content item
DNV Software and Fedem Technology have introduced a new coupled analysis module integrated with Sesam Wind, DNV's software solution for strength and fatigue analysis of offshore wind turbines and substructures. According to DNV, the new software solution is powered by FEDEM Windpower and includes dynamic simulations, advanced fatigue calculation and [read more]
Global Clean Energy Investment Sees Lowest Quarter Since 2009
by NAW Staff, Apr. 15, 2013 email the content item print the content item
Global clean energy investment in the first quarter of this year was lower than in any quarter for the past four years, according to the latest figures from Bloomberg New Energy Finance (BNEF). The first-quarter investment figure for renewable energy, energy efficiency and energy-smart technologies was $40.6 billion, down 22% [read more]
Vestas Appoints New Chief Financial Officer
by NAW Staff, Apr. 15, 2013 email the content item print the content item
Vestas Wind Systems A/S has named Marika Fredriksson the company's new chief financial officer (CFO) and member of the executive management, effective May 1. Vestas says Dag Gunnar Andresen, who became CFO last April, has decided to leave the company due to personal reasons. According to the company, Fredriksson has [read more]
Community Wind Farm In Vermont Notes Production Milestone
by NAW Staff, Apr. 15, 2013 email the content item print the content item
The 10 MW Georgia Mountain Community Wind (GMCW) farm, located in Milton and Georgia, Vt., operated at a 63.7% capacity factor and produced more than 1 GWh during the first week of April. Local renewable energy manufacturer and developer David Blittersdorf and Georgia Mountain Maples operator Jim Harrison and the [read more]

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Xcel Rated No. 1 Utility Provider Of Wind Energy In U.S.
by NAW Staff, Apr. 12, 2013 email the content item print the content item
Citing a newly released report from the American Wind Energy Association, Xcel Energy says it remained the No. 1 utility provider of wind energy in the U.S. in 2012. The Minneapolis-based utility says this is the ninth consecutive year it was rated No. 1. At the end of 2012, Xcel [read more]
Ariz. Rep. Sinema Introduces Renewable Energy Tax Credit Legislation
by NAW Staff, Apr. 12, 2013 email the content item print the content item
Rep. Kyrsten Sinema, D-Ariz., has proposed H.R.1424, the Security in Energy and Manufacturing Act of 2013 (SEAM Act), which would extend the Advanced Energy Manufacturing Tax Credit program. "The program provides a 30 percent tax credit, or grant in lieu of a tax credit, to companies constructing, expanding or retrofitting [read more]
EDF Renewable Services To Provide O&M At Calif. Wind Farm
by NAW Staff, Apr. 12, 2013 email the content item print the content item
EDF Renewable Services has secured the operations and maintenance (O&M) contract at the 20 MW Edom Hills Wind Farm. Owned and operated by a subsidiary of BP Wind Energy, Edom Hills is located in the San Gorgonio Pass near Palm Springs, Calif., and consists of eight Clipper Windpower 2.5 MW [read more]
REpower Signs Wind Turbine Supply Deal In British Columbia
by NAW Staff, Apr. 12, 2013 email the content item print the content item
Zero Emission Energy Developments (ZED) has signed a memorandum of understanding (MOU) with REpower Systems Inc. for the supply of wind turbines for each of ZED's five wind power generation projects across British Columbia. ZED's projects are located on Crown Land - one in the Peace River Regional District and [read more]
DOE Program Puts College Students And Wind Power To The Test
by NAW Staff, Apr. 12, 2013 email the content item print the content item
The U.S. Department of Energy (DOE) has announced the teams selected to take part in the inaugural DOE Collegiate Wind Competition. According to the department, the competition is a forum for undergraduate college students to investigate innovative wind energy concepts; gain experience designing, building and testing a wind turbine to [read more]

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