E.On

Wind Rush: 1603 Dollars Blown In The Wind

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Hundreds of millions of federal dollars from a flagship clean energy grant program were awarded to projects that were well under way before Barack Obama was inaugurated, despite the aim of the 1603 grant program to “primarily” stimulate new projects.

“When the financial crisis hit many developers found that they didn’t have the tax liability that would allow them to claim the credits, so the program was developed to offer an alternative way to continue to incentivize renewable energy development,” a Treasury spokeswoman said. “So, the 1603 program was primarily meant to incentivize new renewable energy projects, but it also supported some existing investments.” Keep reading →

 /  Published November 16, 2011 at 6:00 AM

Wind Rush: US Industry Hurdles Towards A Cliff Without Production Tax Credit

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If the US wind industry were a patient, any doctor would give it a clean bill of health… until the end of 2012. The prognosis for 2013 could be near-terminal as the Production Tax Credit is due to expire at the end of 2012.

“The goal of the tax credit: is the more we build the cheaper it will become. That has been borne out over time,” says Richard Caperton, a senior policy analyst with the energy opportunity team at Center for American Progress. “Wind is a very healthy industry that is viewed as a mainstream investment by utilities. It’s been very effective.” Keep reading →

 /  Published November 14, 2011 at 4:00 PM

Germany Warms To Solar Power With Expansion

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Following its controversial decision after the Fukushima crisis in Japan to shut down all of its nuclear power generation, Germany has been busy bolstering its renewables portfolio.

General contractor hybridsolar AG will add 60.2 MW of capacity to the 24.3 MW FinowTower solar plant, located at the former Eberswalde/Finowfurt military airport in the district of Schorfheide, northeast of Berlin, bringing the plant’s total capacity to 84.5 MW and making it the largest solar power plant in Europe. Keep reading →

 /  Published September 1, 2011 at 1:00 PM
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