NewEnergyNews

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Tuesday, 22 January 2013

A BET ON THE PTC’S EXTENSION PAYS OFF

Posted on 05:12 by Unknown
First Wind Gambles On PTC Extension - And Wins

Mark Del Franco, 15 January 2013 (North American Windpower)

“Faced with the prospect of being saddled with wind energy assets unable to be financed, many wind developers abruptly halted projects that could not be completed in time to qualify for the wind energy production tax credit (PTC), which was slated to expire at the end of last year.

“However, in looking over its portfolio, Boston-based developer First Wind realized that several of its projects were in the latter stages of development and were too important to merely be put on hold…[though in anticipating the extension that came December 31, it took a risk]…[When] the PTC was extended for one year…the developer's gamble paid off…First Wind expects to begin construction on 500 MW this year and plans to grow its portfolio by 50% in the future…”

click to enlarge

“…The PTC extension allows First Wind the time necessary to begin building projects, such as Oakfield, a 150 MW wind farm in Maine that the developer deemed too important to shelve…Maine’s Supreme Judicial Court recently upheld the building permit, thus allowing First Wind to begin construction on the project this year…[T]he company’s 48 MW Bowers Wind Project [in Maine]…was aided by the PTC extension…

“The PTC extension means First Wind’s two Maine wind farms will begin construction this year. In addition, the company could break ground on late-stage projects in Oregon, Washington, Idaho, Utah and Hawaii by year-end…[But before] First Wind can begin further development, it must await guidance from the U.S. Treasury Department on what it means to begin construction - not that it will deter First Wind, which spent much of last year toiling behind the scenes…”

Tweet

Email ThisBlogThis!Share to XShare to FacebookShare to Pinterest
Posted in | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • NEW ENERGY IN THE 2012 MARKET
    Clean Edge Stock Index Update – Q2 2012; Quarterly update on CELS, QWND, and QGRD through June 30, 2012 August 21, 2012 (Clean Edge) “CELS i...
  • SOLAR PRICES CONTINUE TO FALL
    Costs Of Solar Energy Rapidly Declining Throughout U.S. Market 27 November 2012 (Solar Industry) “The installed price of solar photovoltaic ...
  • WIRELESS BLDG ENERGY MANAGEMENT SPREADING
    Wireless Control Systems for Smart Buildings; ZigBee, EnOcean, Wi-Fi, and Other Wireless Networks for HVAC, Lighting, Fire & Safety, and...
  • SUN SCORES HIT ON WALL STREET
    SolarCity's Stock Debut: Wall Street Success In A Struggling Market? Jessica Lillian, 13 December 2012 (Solar Industry) "Shares in…...
  • (no title)
    Beautifully stated. Tweet
  • ALL WIND WANTS IS WHAT NAT GAS GOT
    In a shale state, give wind power its respective due Jeff Perkins, November 12, 2012 (Pennsylvania Patriot-News) “…Shale gas [went from a bi...
  • A ROADMAP FOR BIG SOLAR
    Obama Administration Releases Utility-Scale Solar Development Roadmap 15 October 2012 (Solar Industry) “…[The Department of Interior (DOI)] ...
  • WIND FARMS IN THE SUBURBS
    Developer Makes The Case For Urban Wind Energy Development Mark Del Franco, 31 January 2013 (North American Windpower) “Kruger Energy's ...
  • NEW ENERGY CAN BE $1.9 TRIL BY 2018
    The domestic clean energy economy needs national policies to innovate, manufacture, and compete January 17, 2013 (The Pew Charitable Trusts)...
  • STORING HEAT FOR POWER
    Thermal Energy Storage; Thermal Storage for HVAC in Commercial Buildings, District Cooling and Heating, Utility and Grid Support Application...

Blog Archive

  • ▼  2013 (231)
    • ►  August (15)
    • ►  July (45)
    • ►  June (28)
    • ►  May (29)
    • ►  April (33)
    • ►  March (36)
    • ►  February (27)
    • ▼  January (18)
      • RECORD BUILD PUTS WIND AT 6% OF U.S. POWER
      • DOE SUNSHOT SHOOTS AT SOLAR COSTS
      • NEW ENERGY CAN BE $1.9 TRIL BY 2018
      • WHAT PEOPLE THINK ABOUT THE SMART GRID
      • A BET ON THE PTC’S EXTENSION PAYS OFF
      • OBAMA INAUGURAL BOOSTS NEW ENERGY
      • SCIENCE MEETS FAITH ON THE CLIMATE FIGHT FRONT LINES
      • INVESTMENT IN SOLAR EQPMT MANUFACTURING STILL FALLING
      • THE BOOM IN VEHICLE BATTERIES
      • TWO WHEELERS PLUG IN
      • SOLAR BUSINESS CYCLES TO SMOOTH
      • APPLE STUDIES THERMAL STORAGE FOR iTURBINE WIND
      • UTILITY BUYS WIND AT $1.36MIL PER MW
      • BUFFETT COMPANY BUYS WORLDS BIGGEST PV
      • MILITARY ARMS WITH MICROGRIDS
      • A HISTORY OF NAT GAS SUBSIDIES
      • THE SHIFT TO NEW ENERGY GOES ON
      • LOOKING FOR THE BEST USE FOR FUEL CELLS
  • ►  2012 (269)
    • ►  December (30)
    • ►  November (35)
    • ►  October (25)
    • ►  September (26)
    • ►  August (39)
    • ►  July (39)
    • ►  June (27)
    • ►  May (48)
Powered by Blogger.

About Me

Unknown
View my complete profile