Category:
Impact on Economy
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EnBW says windmill owners to follow Babcock's lead and sell
April 8, 2009 by Nicholas Comfort in Bloomberg News
April 8, 2009 by Nicholas Comfort in Bloomberg News
Energie Baden-Wuerttemberg AG, Germany's third-biggest utility, says financial investors in the country's wind parks will follow a move by Babcock & Brown Ltd. and begin selling assets this year.
"Investors are coming together to force sales," Dirk Guesewell, managing director at the utility's renewable energy unit, said in an interview in Frankfurt yesterday. "The small guys are saying ‘just get out'."
Also filed under [
Energy Policy]
Controversy erupts over districts not sharing windfall from wind farms
April 3, 2009 by Danny Robbins in Star-Telegram
April 3, 2009 by Danny Robbins in Star-Telegram
Property values are soaring in this West Texas community, and the reason is obvious. Looming on the northern horizon, hundreds of new wind turbines dot the once-barren hills.
Ordinarily, much of the tax dollars generated by the turbines would go to the state's "Robin Hood" school finance plan, which requires property-rich districts to share their wealth with those less fortunate. But that won't happen in Sterling City, at least not if school officials have their way.
Also filed under [
Tax Breaks & Subsidies|
Texas]
Cost works against alternative and renewable energy sources in time of recession
March 28, 2009 by Matthew L. Wald in New York Times
March 28, 2009 by Matthew L. Wald in New York Times
Windmills and solar panel arrays have become symbols of America's growing interest in alternative energy. Yet as Congress begins debating new rules to restrict carbon dioxide emissions and promote electricity produced from renewable sources, an underlying question is how much more Americans will be willing to pay to harness the wind and the sun.
Also filed under [
Energy Policy|
USA]
Job losses from Obama green stimulus foreseen in Spanish study
March 27, 2009 by Gianluca Baratti in Bloomberg News
March 27, 2009 by Gianluca Baratti in Bloomberg News
Subsidizing renewable energy in the U.S. may destroy two jobs for every one created if Spain's experience with windmills and solar farms is any guide.
For every new position that depends on energy price supports, at least 2.2 jobs in other industries will disappear, according to a study from King Juan Carlos University in Madrid.
U.S. President Barack Obama's 2010 budget proposal contains about $20 billion in tax incentives for clean-energy programs.
Also filed under [
USA]
The Cattaraugus County Legislature will be represented on a panel that will work with town and school delegates to set up a tax-exemption policy for the Cattaraugus County Industrial Development Agency’s wind farm projects.
A blanket state tax exemption for wind farms and other alternative energy systems was lifted in the county by the Legislature in 2008 following a lengthy debate.
Also filed under [
Tax Breaks & Subsidies|
New York]
Danish wind turbines are now producing so much energy that they may have to be stopped at night in order to avoid excess production duties. ..."When prices go negative, wind turbines will probably have equipment installed so that you can reduce production," Marketing Manager Nicolaj Nørgaard Petersen tells Jyllands-Posten.
Also filed under [
Energy Policy|
Denmark]
Ontario shouldn't take the head office decision as a slight, said Laferrere. "The reason we chose Montreal is that it is already the centre of the wind industry in Canada," he said, pointing to the existence of other wind-turbine manufacturers around the area. "It's good to be in the same place as the others if you want to hire people."
Laferrere suggested the concern was overblown. "This isn't a huge announcement here, it's just a structural and organizational announcement."
Also filed under [
Canada]
Wind park hedges its finances; Noble asks to proceed despite money issue
February 25, 2009 by Karen Langley in Concord Monitor
February 25, 2009 by Karen Langley in Concord Monitor
Executives from Noble Environmental Power said that they can raise the $275 million the project costs but that they have been hampered by tumultuous financial markets, according to testimony filed Tuesday. The company asked the state Site Evaluation Committee to allow it to proceed on the condition it proves its financing plan before construction begins. ...An investment banker testifying for the state Tuesday wrote that he did not believe Granite Reliable nor Noble have a plan to finance the park. The company has not shown how it will find lenders and investors.
Also filed under [
General|
New Hampshire]
Minnesota's wind-energy industry is about to get a turbo-charged boost from the $789 billion economic stimulus package ...An extension of the production tax credit to three years plus the addition of an investment tax credit will inject new life and urgency into projects that were starved for financing, tax experts said.
And the Energy Office in the Minnesota Department of Commerce estimated the bill could inject about $220 million into Minnesota.
Firms and households are facing significantly higher electricity bills over the next five to 10 years as consumers shoulder the cost of renewable energy targets.
Analysts estimate that households are already paying up to £10 extra a year through their utility bills to subsidise alternative forms of energy.
At an energy conference in Edinburgh last week policymakers admitted that the financial burden on households and businesses will only increase as governments push to achieve ambitious renewables targets.
Also filed under [
Impact on People|
UK]
The Naples School Board voted last week to accept an agreement with First Wind that would give the district higher payments on any windmills the company may build within the district boundaries. ...At this point, Macaluso said First Wind has put the project on hold because of finance troubles.
Will the stimulus work? It will help, but don't expect quick turnaround for jobs, economy
February 11, 2009 by Jeannine Aversa in Chicago Tribune
February 11, 2009 by Jeannine Aversa in Chicago Tribune
No, the big stimulus plan won't "save or create 3.5 million jobs," as the president and congressional Democrats claim - at least not this year. The economy will remain feeble through 2009, analysts warn, and businesses will keep shedding jobs ...The stimulus agreement, heading for final votes in the next day or so, goes to the heart of President Barack Obama's strategy to revive the economy and will go far in shaping how Americans view his economic leadership.
What it won't do is quickly snap the country out of the painful recession, now in its second year.
Also filed under [
Tax Breaks & Subsidies|
USA]
Vestas may have to cut jobs, spending as orders come to standstill
February 11, 2009 by Gargi Chakrabarty in Rocky Mountain News
February 11, 2009 by Gargi Chakrabarty in Rocky Mountain News
Danish company Vestas is catching some head wind.
The world's largest wind-turbine maker on Wednesday said it might reduce jobs and scale back capital spending in Colorado and the United States, unless orders pick up, according to Bloomberg News.
Vestas CEO Ditlev Engel said orders from the U.S. "came to a standstill" after the collapse of Lehman Brothers Holdings Inc. in September tightened credit for wind energy developers.
Also filed under [
Colorado]
Granholm's energy answer isn't blowing in the wind
February 10, 2009 by Henry Payne in The Detroit News
February 10, 2009 by Henry Payne in The Detroit News
In her State of the State speech, Gov. Jennifer Granholm outlined a restructuring of Michigan's energy infrastructure that aims to meet this industrial state's future energy needs with wind power. The plan is radical but hardly new. The governor's policy closely parallels the failed experiment of Denmark -- a similar peninsular water state that has invested billions of dollars in wind generation during the last 25 years. ...it is crucial that the state understand the lessons of Denmark and the very real limitations of wind power.
Also filed under [
Energy Policy|
Michigan]
North Country wind project financing questioned by state
February 10, 2009 by Paula Tracy in Union Leader
February 10, 2009 by Paula Tracy in Union Leader
Hearings set for next month on a $275 million wind project for the North Country could be halted under a request filed by the counsel for the public.
Peter C.L. Roth, a senior assistant attorney general for the state, filed the request to suspend the hearings, set to begin March 9, saying there was inadequate financial information to determine whether the Granite Reliable Power's proposed wind electric generation park will be viable.
Also filed under [
General|
New Hampshire]
Clipper Windpower said it is reducing production levels by 15-20% as customer demand declines. "The current economic and credit conditions in global markets, coupled with lower energy prices, are resulting in reduced capital expenditures by the company's customers and delays in the timing of turbine deliveries"
Study says all green jobs aren't created equal, job quality advocates rally in D.C.
February 4, 2009 by GreenerBuildings Staff in GreenBiz.com
February 4, 2009 by GreenerBuildings Staff in GreenBiz.com
A study released on the eve of a national conference on green jobs says that emerging eco-friendly work must provide adequate pay and benefits -- or risk damaging efforts to restore the economy and strive for environmental sustainability.
The study released yesterday, "High Road or Low Road? Job Quality in the New Green Economy." ..."One of the greatest risks is that, in our haste to create a large quantity of new green jobs, we pay too little attention to their quality," researchers said.
Suzlon Energy Ltd. of India swung to net loss in its fiscal third quarter, hurt by rising costs and a provision to conduct repair work at the wind-turbine maker's overseas plants.
Chairman and Managing Director Tulsi Tanti said the global credit crunch is likely to hit sales growth in the wind-energy sector, which had a compounded annual growth rate of more than 34% over the past five years.
Also filed under [
Asia]
Does wind power really provide more jobs than coal?
January 31, 2009 by Eoin O'Carroll in Christian Science Monitor
January 31, 2009 by Eoin O'Carroll in Christian Science Monitor
Fortune's eco-blog, Green Wombat ran a story under the headline, "Wind jobs outstrip the coal industry." ...But it's a bogus comparison. According to the wind energy report, those 85,000 jobs in wind power are as "varied as turbine component manufacturing, construction and installation of wind turbines, wind turbine operations and maintenance, legal and marketing services, and more." The 81,000 coal jobs counted by the Department of Energy are only miners.
Also filed under [
USA]
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